Buying a Chicago home has become more expensive, and it isn’t just home prices at work. While Chicago median home prices increased by 4.5% in September*, mortgage interest rates are becoming a big part of the story. Here’s why! As of October 25, 2018,...
Chicago homeowners are in better financial shape than renters when it comes to monthly cash flow, according to a study by PropertyShark and RENTCafe. The study examined the median incomes, monthly living expenses and the housing costs of homeowners and renters in 50...
If you’ve been a little frustrated by your Chicago home search, you’re not alone. According to Crain’s Chicago Business, the inventory of single-family homes dwindled down to 3.8 months of supply during June. A year ago, single-family home inventory...
Buying your first Chicago home involves a great deal of decision making! While you may feel daunted by this, you can take a lot of fear and uncertainty out of the home buying process with some advance planning. Once you have attended a first-time home buyer seminar...
The list price of any Chicago home is seldom absolute. The actual sales price that seals the deal could be well above, or below, the original list price. So, once you’ve found the right home, how much should you offer for it? There’s no simple answer...
