Imagine you’ve applied for a mortgage for your Chicago home purchase. You might feel confident after walking through an online mortgage pre-qualifier. You have good credit, a good employment record, steady income, and a down payment in the bank. According to...
There’s an old saying in real estate: “The best time to buy a home was five years ago.” Or even one year ago! But right now, Chicago’s home affordability is at its worst level since 2008, with median home prices rising 9.6% from a year ago....
Home buyers in Chicago continue to deal with competition in the market. Here are quick tips to make your purchase offer stand above the rest! 1. Get a mortgage pre-approval from a local, reliable mortgage company with a good reputation for closing on time. 2....
If you’re a Chicago home buyer, this market is déjà vu all over again. There are relatively few homes for sale and home prices are rising. Chicago’s June home inventory was 24.8% lower than June 2022, with new listings down about one-third from a year ago. As of...
Real estate fraud affects home buyers and homeowners in Chicago and around the country. These scams happen year-around, but they increase during the summer when real estate activity is high. Here are two examples you’ll want to know about! Down...
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...
