Buyers are ready to make decisions and have financing in hand, but they're focused on locations closer to the city, said Brian Brunhofer, president of Deerfield-based Meritus Homes.
is developing homes in Inverness, St. Charles and Long Grove and buys existing homes in suburbs like Park Ridge, tearing down the structures to build new.
The firm expects to sell 35 homes this year and about the same number next year.
is optimistic about development prospects, as speculators starting buying land, hoping to resell the sites to homebuilders.
In the northwest suburbs, speculators are looking to buy sites in a broad swath between Schaumburg on the east and State Route 47, which cuts through Huntley, on the west, he
"You're starting to see some of those deals start to percolate right now," he