The groundhog was right! We’re having an early spring in Chicago, no matter what the temperature is outside. Chicago area real estate began heating up in January, with early-bird home buyers looking to beat the spring rush. Last month, Chicago homes for sale...
What does the future hold for Chicago area home buyers and sellers? We have some educated predictions for you! First, we need to talk about the variables. In March 2024, Chicago voters will decide if the city’s real estate transfer tax will be changed. A...
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....
Mortgage interest rates have hovered above 7 percent for the last few weeks. Despite interest rates being at the highest levels in 20 years, Chicago home buyers are snapping up properties at a brisk pace. Between July 2023 and August 2023, Chicago homes averaged just...
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...
