Category Archives: Chicagoland Real Estate News

Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC]

  Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious. Every market is different. Before you renew your […]

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The Past, Present & Future of Home Prices

CoreLogic released their most current The Present – home appreciation over the last month The Future – home appreciation projected over the next 12 months Bottom Line Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need […]

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Home Sales Expected to Increase Nicely in 2017

The National Association of Realtors, The Mortgage Bankers’ Association, Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next.   As we can see, each is projecting sizable increases in home sales […]

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New Construction Numbers: Now Versus 2005

There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: “The havoc during the last cycle was the result of building too many homes and of […]

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5 Reasons to Sell This Fall

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family. Here are five reasons why you should […]

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Home Values: DEFINITELY NOT in Bubble Range!!

There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.   The graph definitely looks […]

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How Scary is the Housing Affordability Index?

Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the But, wait a minute… Though the index has decreased over the last four years, we must realize that at that time there was an overabundance of housing […]

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‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC]

    Some Highlights: ‘Old Millennials’ are defined as 25-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ are realizing that homeownership is within their reach now! …read […]

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How Do Rising Prices Impact Your Home Equity?

Yesterday, we shared the Since the experts predict that home prices will increase by 4.5% this year alone, the young homeowners will have gained over $11,000 in equity in just one year. Over a five-year period, their equity will increase by over $46,000! This figure does not even take into account their monthly principal mortgage […]

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What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

    Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can […]

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