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....
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...
Now that interest rates are rising, there are predictions about a slowdown in Chicago home prices. Here are things Chicago home buyers and sellers should know! As of February 2022, Chicago area home prices increased 10% on a year-over-year basis, according to...
Chicago home buyers who were hoping for an easier market in 2022 aren’t seeing it yet. Typically, January ushers in a batch of fresh listings, which are viewed by eager buyers looking for a head start on the spring market. But as the weeks roll by, there...
Mortgage interest rates began to climb in early 2022, and higher rates are in store for Chicago home buyers in the months ahead. Will higher rates mean a slowdown in Chicago’s real estate market? Before we answer that, let’s get a quick dose of...
Ever go into a grocery store for three things, and walk out with bags full of stuff that wasn’t on your list? We’ve all done it. It’s easy to get distracted, despite knowing exactly what you needed when you began the trip. When it comes...
