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....
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...
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...
