There’s an old saying in real estate: “The best time to buy a home was five years ago.” Or even one year ago! But right now, Chicago’s home affordability is at its worst level since 2008, with median home prices rising 9.6% from a year ago....
Mortgage interest rates have hovered above 7 percent for the last few weeks. Despite interest rates being at the highest levels in 20 years, Chicago home buyers are snapping up properties at a brisk pace. Between July 2023 and August 2023, Chicago homes averaged just...
Home buyers in Chicago continue to deal with competition in the market. Here are quick tips to make your purchase offer stand above the rest! 1. Get a mortgage pre-approval from a local, reliable mortgage company with a good reputation for closing on time. 2....
If you’re a Chicago home buyer, this market is déjà vu all over again. There are relatively few homes for sale and home prices are rising. Chicago’s June home inventory was 24.8% lower than June 2022, with new listings down about one-third from a year ago. As of...
