What is happening to real estate?
Local appraiser gives his views on local markets
SPRING VALLEY — What is the state of residential, commercial, industrial and agricultural real estate markets in the Illinois Valley area in 2012, some five years after the market crashed in 2007?
Michael Crowley Sr., owner of Real Estate Consultants in Spring Valley, recently spoke about the local real estate markets in 2012, at a breakfast seminar sponsored by the Illinois Valley Area Chamber of Commerce.
Crowley said despite the effects of the 2007 market crash still felt in this country five years later, he feels the real estate market is still one of the strengths of the American economy. He is optimistic it will improve in the future, but the real question in Crowley’s mind is the rate and pace of that recovery.
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