Monthly Archives: June 2015

First-Time Homebuyers Lead the Way in May

The National Association of Realtors’ (NAR) latest Existing Home Sales Report revealed that first time homebuyers made up 32% of all sales in the month of May; marking the highest share since September 2012 and up from 27% the same time last year. NAR’s Chief Economist, Lawrence Yun, cited “strong job gains among young adults, […]

Posted in Chicagoland Real Estate News, For Buyers, Homeownership, Housing Analysis, Move-Up Buyers | Leave a comment

4 Reasons to Buy NOW!

Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and […]

Posted in Chicagoland Real Estate News, For Buyers, Homeownership | Leave a comment

How Will Mortgage Rate Hikes Impact Home Sales?

When mortgage interest rates begin to climb, experts immediately begin to discuss home affordability indexes. They calculate how an increase in rates will slow home purchases as more and more potential buyers are priced out of the market. Today, with home prices also increasing, many believe that home sales may slow down rather dramatically.   […]

Posted in Chicagoland Real Estate News, For Buyers, Interest Rates, Mortgage Rates | Leave a comment

Mortgage Rates Just Jumped Over 4%. Now What?

Last week, mortgage interest rates jumped over the 4% mark for the first time this year according to Freddie Mac‘s Mortgage Market Survey. In an article in Housing Wire, a Bankrate analyst explained: “Mortgage rates rocketed higher following a stronger than expected monthly employment report. The good news on the job front further solidifies the […]

Posted in Chicagoland Real Estate News, Credit Scoring, FHA Loans, For Buyers, Homeownership, Interest Rates, Mortgage Guidelines, Mortgage Rates | Leave a comment

Sales Up In Almost Every Price Range

The National Association of Realtors‘ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-10.1%). The decline in this price range points to the lower inventory of distressed properties […]

Posted in Chicagoland Real Estate News, For Buyers, For Sellers, Homeownership, Housing Analysis, Housing Trends, Infographics | Leave a comment

Think You Should FSBO? Think Again! [INFOGRAPHIC]

  Some Highlights: According to NAR’s Profile of Home Buyers & Sellers: 88% of buyers look for their new home online Using a real estate agent can net you 13% more than FSBO’ing There is a long list of people that you will have to negotiate with when you decide to sell your home, using […]

Posted in Chicagoland Real Estate News, For Sellers, FSBO's | Leave a comment

The Difference Between A Home’s Cost vs. Price

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home. Let us explain. There are many […]

Posted in Chicagoland Real Estate News, Homeownership | Leave a comment

2 Out of 3 Renters Want to Own. What’s Stopping Them?

The Federal Reserve Bank of New York recently released the 2015 SCE Housing Survey. The survey revealed that most current renters would prefer owning and that 61.9% of them plan to buy a home within the next five years. 68.3% stated they would prefer owning (with 45.6% saying they ‘strongly’ prefer owning). When asked at […]

Posted in Chicagoland Real Estate News, For Buyers, Renters | Leave a comment

Where Will Mortgage Rates Be in 12 Months?

One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart). Though we don’t like to project rates moving forward, we do want you and your family to have the information […]

Posted in Chicagoland Real Estate News, Interest Rates | Leave a comment

Guess Where Residential Rents are Heading?

Each month, many people are faced with the decision of renewing their rental lease for another year or purchasing their first home. One of the questions that must be answered before they make a decision is – “Where are rents headed?”   The Wall Street Journal recently wrote an article on this issue. Their conclusion: […]

Posted in Chicagoland Real Estate News, For Buyers, Renters | Leave a comment
  • Subscribe to Blog

    Enter your email address to subscribe to this blog and receive notifications of new posts by email.

  • Facebook Biz Page