Good morning, troops. It’s Tuesday, May 8.
The Peoria-area residential real estate market is stable, according to relatively recent reports. Uncertainty related to Caterpillar Inc.’s decision last year to move its headquarters from Peoria didn’t seem to depress the market all that much.
Total transactions in 2017 were about the same as 2016, but fourth-quarter sales were up more than 10 percent.
Now, a financial technology company has calculated Peoria County is among the best in Illinois in which to buy a residence, rather than rent.
SmartAsset ranks Peoria County fourth in a top-10 Illinois list it released Tuesday morning. The firm’s study compares average rent and home prices to find where buying makes the most sense, according to a news release.
The key metric appears to be the shorte...Read More