Common First-Time Home Buying Challenges Faced by Millennials
Millennial home buyers have caught some bad press over the years for being late to the home buying party. But as any adult under the age of 40 can probably tell you, the housing market hasn't given them an even shake. Here's a look at some of the real challenges young...
read more
Slowing Home Price Growth Good News for Chicago Buyers
The Chicago real estate market is slowing down as home buyers balk at pricey properties. Single-family home values increased just 1.8% in April 2019 in the Greater Chicago area, according to the S&P CoreLogic Case-Shiller price index. Narrowing it down to the City...
read more
What Cook County Homeowners Should Know About Property Tax Assessments
Cook County will be re-assessing property values throughout the north and northwest suburban area during 2019. Adjustments to property value assessments are performed once every three years. If your home has increased in value since the last assessment, due to...
read more
First-Time Home Buyers Could Face Tougher FHA Mortgage Underwriting
Mortgages secured by the Federal Housing Administration could become harder to get for some first-time home buyers. FHA loans have long been the popular choice for first-time buyers, because they allow low down payments, lower credit scores and higher debt-to-income...
read more
What Chicago Home Buyers (and Sellers!) Should Know About CLUE Reports
You may not realize it, but insurance companies have a shared database that they use to determine what kind of risks that you, and your property, present to their business. This database is called the Comprehensive Loss Underwriting Exchange, also known as C.L.U.E. ...
read more
Cook County Homes Among Most Affordable for Home Buyers
Chicago homes aren't exactly cheap. But compared to other major U.S. cities, home prices in the Windy City are generally within reach of household earning power. Here's the research from ATTOM Data Solutions, as published in Crain's Chicago Business, along with our...
read more
Home Buyers Looking for Modern Amenities and Energy Efficiency
Home buyers prefer energy-efficient homes with modern amenities and low-maintenance features, according to the latest survey by the National Association of Home Builders. The survey included responses from about 4,000 home buyers nationwide. We’re sharing highlights...
read more
First-Time Home Buyers Gain Market Share
First-time buyers purchased 2.7 million homes nationwide during 2018, and they are predicted to influence the market throughout 2019. A study by Genworth finds that first-time buyers have been gaining market share for the past 4 years. We've been helping first-time...
read more
Home buyers are borrowing from the Bank of Mom & Dad
Parents are drawing heavily from their own financial reserves to help their adult children become homeowners, according to a study published by Legal & General Group, a multinational financial services company. The study summarizes the level of home buying help as...
read more
Top Regrets of First-Time Home Buyers
If you're a first-time Chicago home buyer, you might be anticipating all the great things about home ownership. Things like, the chance to build equity and control your own living space. But home ownership is a long-term commitment, and buyers can be under-prepared...
read more
Slower Chicago Home Sales = Opportunity for First-Time Buyers
The numbers are in, and Chicago area home sales ended 2018 at a slower pace. According to Illinois REALTORS®, December home sales declined 16.5% in the Chicago Metro Area, compared to December 2017. This is a broad statistic that includes transaction volumes for...
read more
First-Time Buyers Shouldn’t Fear the Fixer-Upper!
The problem with holding out for an Instagram-worthy home, is the fact they cost a lot more. The home seller is reaping the benefit of all those shiny upgrades when they collect their sales proceeds. Meanwhile, you’ve likely paid top dollar, and you won’t have quick ways to build equity.
read more
More First-Time Home Buyers Turning to Co-Signers
First-time home buyers can face challenges when it comes to mortgage approval. For example, if you're a young adult, you typically have a shorter career history and fewer cash reserves than your Gen-X or Boomer-generation peers. Your credit history may be lean. In...
read more
Family-Friendly New Year’s Events in Chicagoland!
Ring in the New Year at one of these family-friendly events in Chicago and the Northwest suburbs! There's something for kids of all ages. Reservations and tickets may be required; we've included links to more information in the list below! Chicago Riverfront...
read more
Chicago home buyers shouldn’t give up on the market
If the entire home buying process has given you battle fatigue, don't quit just yet! Chicago home inventory has improved in the past few months, especially for townhomes and condos. And while interest rates are up a bit from last year, the difference is only about 1%,...
read more
2018 Holiday Events in Chicago and the Northwest Suburbs!
Ready or not, the holiday season is here! Whether you’re looking for bright lights in the big city, or hometown traditions, these holiday events in Chicago and the Northwest Suburbs will cheer the whole family! Mark your calendar, and check the links we’ve included...
read more
Buying vs. Renting in Chicago and Arlington Heights
Does buying a Chicago home still offer a better value than renting? Let's consider what's changed in recent months. According to Illinois REALTORS®, Chicago Metro area home prices increased by an average of 3.9% on a year-over-year basis*. Meanwhile, mortgage interest...
read more
How Interest Rates Affect Your Home Buying Power
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, the average...
read more
Why Chicago Home Buyers Shouldn’t Stretch the Truth on Mortgage Applications
As mortgage underwriting becomes increasingly automated, desperate home buyers might think they have nothing to lose by cheating the system. But even if a home buyer manages to make it through closing using fraudulent info, they’re likely to get caught somewhere down the road.
read more
Do These 5 Things Before Buying Your First Home
From the very first steps to closing day, StartingPoint Realty will guide you every step of the way. In the meantime, do these five things before buying your first Chicago home.
read more
StartingPoint Realty, Inc., Named Among Top 1% of Sales Teams Nationwide
StartingPoint Realty, Inc. stands among an elite group of top-performing real estate sales teams, according to 2017 transaction statistics compiled by REAL Trends and as advertised in the Wall Street Journal. The teams in REAL Trend’s list of “America’s Best Real...
read more
The Best Chicago Suburbs to Live in Right Now
Whether you’re living in Chicago or are making a move from out of town, it’s important to research potential cities before making a move. As experienced real estate agents in Chicagoland, we know a thing or two about the best Chicago suburbs. From top-rated schools,...
read more
5 Signs You’re Ready to Stop Renting and Buy a Home
There’s a lot of conflicting advice when it comes to renting versus buying. While renting offers a flexible way of living and the opportunity to easily move from place to place, homeownership allows you to establish roots and build equity in your property. It can even...
read more
Stressed by Home Buying? You’re Not Alone!
The stress of buying a home can be significant, feeling much like a job interview or a college entrance exam, according to a recent study by Homes.com. In a survey of 2,000 U.S. home buyers, about 40% reported home buying as "the most stressful experience in modern...
read more
Chicago Homeowners Are Financially Ahead of Renters
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...
read more