Chicago area townhomes and condos are hip and trendy once again! September data from the Mainstreet Organization of REALTORS® shows an 11% increase in attached home prices on a year-over-year basis. Contract activity for attached homes increased 5.1% from September...
The Chicago real estate market can change as fast as the weather. During August, single-family homes sold at a good clip, averaging just 21 days on the market. Median prices for detached, single-family homes increased by 10% compared to August 2020. Condos and...
Your Chicago home buying power involves four main things: your income, your down payment, your credit score and your outstanding debt. Even if your debt load is well-managed, it can reduce your home buying power. As far as mortgage lenders are concerned, the more...
If you’re buying a Chicago home that needs some work, or making upgrades on a Chicago home you wish to sell, there are several ways to finance the improvements. Here’s a look at your options! Chicago area home buyers, let’s start with you! If...
Rising home sale prices are boosting equity value for Chicago homeowners. CoreLogic reports that Illinois homeowners saw an average gain in equity of 14% from first quarter 2020 to first quarter 2021. However, when it comes to home equity, a rising tide doesn’t...
