StartingPoint Realty Blog

Buydowns Offer Rate Relief for Chicago Home Buyers

Buydowns Offer Rate Relief for Chicago Home Buyers

If you've never heard of a mortgage buydown, it's worth learning about! A mortgage buydown reduces your financing costs by temporarily lowering the interest rate. This perk may be offered by Chicago area home builders, or other sellers, as a purchase incentive....

read more
Home Prices Keep Pressure on Chicago Area Buyers

Home Prices Keep Pressure on Chicago Area Buyers

Bidding wars are back in popular neighborhoods as Chicago area home buyers compete for limited inventory. Available housing inventory in February 2023 totaled 17,684 homes for sale, representing a drop of 11.4% from February 2022. As of March 2023, home inventory...

read more
Avoid Price Regrets when Selling Your Chicago Home

Avoid Price Regrets when Selling Your Chicago Home

We often talk about avoiding buyer's remorse, but home sellers can feel regrets, too! In both cases, feeling post-transaction remorse can involve a lack of information, or a rushed decision. However, there are certain regrets that surround the home sales price itself....

read more
Chicago Area Home Buyers Remain Active in Market

Chicago Area Home Buyers Remain Active in Market

Statistically, Chicago area home sales activity has declined, but home buyers are very active in the market. Here's a look at the sales trends, along with our advice for Chicagoland buyers and sellers! According to the Mainstreet Organization of REALTORS®, 35,741...

read more
Buying a Chicago Area Home in 2023? Read This First!

Buying a Chicago Area Home in 2023? Read This First!

If you plan to buy a Chicago area home in 2023, the first rule is to be prepared. Here’s how to get ready for home buying, and keep your purchase power at its best! 1. Attend a free home buying seminar with StartingPoint Realty. We share the how-to’s of home buying,...

read more
Plan Ahead to Sell Your Chicago Home

Plan Ahead to Sell Your Chicago Home

If you are thinking of selling your Chicago area home during 2023, get ready to put your plan together! Preparing your home for the market, and packing for your move, will be easier when you have plenty of time. Here's where to start! 1. Choose your Chicago area real...

read more
Welcome the Holidays with these Chicago Area Events!

Welcome the Holidays with these Chicago Area Events!

The holiday season is here! Whether you’re looking for big city lights or hometown traditions, these holiday events in Chicagoland will cheer the whole family! Please be sure to check the event websites to confirm dates and times before heading out. Hours of operation...

read more
Chicago Home Sales Start to Cool

Chicago Home Sales Start to Cool

Chicago home buyers have more options to choose from as the market cools off. There were signs of a slowdown in August, with homes spending more time on the market, and price reductions happening in areas that rarely see them. We shared examples from our own...

read more
Chicago Renters Face Competition

Chicago Renters Face Competition

If you thought bidding wars were only a problem for Chicago home buyers, think again! Some Chicago renters face competition as available units remain behind demand. Here's what's going on, according to reports from Block Club Chicago and Yardi Matrix.  Just as...

read more
Chicago Area Home Prices Heat Up for Summer

Chicago Area Home Prices Heat Up for Summer

Chicago metro area home prices climbed in June, reaching a median sales price of $340,000. This is a 6.6% increase over June 2021, continuing the year-over-year trend of higher home prices. In the City of Chicago itself, median home prices increased 4.7% to $367,000....

read more
Finding Your Chicago Area Home Value

Finding Your Chicago Area Home Value

As a Chicago area homeowner, it pays to be informed about the market value of your home. You might be saying, "No worries! I can look up my home value online." While there are a number of online home value websites out there, they can only offer a rough estimate....

read more
Chicagoland Buyers Still Want Move-In Ready Homes

Chicagoland Buyers Still Want Move-In Ready Homes

Chicago area home buyers are challenged by low inventory and rising interest rates, but they still want the nicest property their money will buy. The buyer preference for updated, move-in ready homes has been consistent for years, and it's likely here to stay. While...

read more
Chicago Home Buyers, Shop by Payment – Not Price!

Chicago Home Buyers, Shop by Payment – Not Price!

Chicago area home buyers are used to shopping by home price, but the current mortgage rate environment calls for new thinking. In just a few months, mortgage interest rates moved from the mid-three percent range to over five percent. While rates are still cheap by...

read more