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...
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...
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...
The vast majority of Chicago home buyers prefer a move-in ready, fully updated home. Turn the key, walk in and unpack your stuff! The problem with holding out for an Instagram-worthy home, is the fact they cost a lot more than properties with interiors from That...
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....
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...
