by Home Buyer Agents | Jan 27, 2024 | Chicagoland Real Estate Information
Its All About The Rates Baby: 2024 Chicago Housing Outlook Experts agree that the 2024 Chicago real estate market will improve if mortgage interest rates continue to fall. We would shift from a seller’s market to a more “balanced” market of 6-8 months of inventory. ...
by Home Buyer Agents | Jan 20, 2024 | Chicagoland Real Estate Information
National 2024 Housing Market Forecasts No one really knows for sure what the national mortgage market will bring in 2024, we’ve summarized the forecasts offered by top housing economists. HOME PRICE PREDICTIONS Housing economists do not expect home prices to see...
by Home Buyer Agents | Dec 16, 2023 | Chicagoland Real Estate Information
The Chicago Home Shortages Hit Startling Low What Happens Next Year? Chicago homes for sale, already low for years, sank to the lowest point in at least 17 years. The Chicago Association of Realtors reported Monday that 5,352 city homes were listed for sale as of Dec....
by Home Buyer Agents | Nov 22, 2023 | Chicagoland Real Estate Information
Chicago’s Real Estate Market Stagnates As Owners Dig In More than 80% of homeowners have 30-year mortgages with interest rates of 4% or less. Today’s rate is falling a bit from 8% to around 7.5% (with no points) but still the gap from 4% to 7.5% is enormous. Say a...
by Home Buyer Agents | Oct 20, 2023 | Chicagoland Real Estate Information
Chicago’s Home Inventory Drop Leads USA As Rates Hit 8% The number of homes for sale, called “inventory”, is way down all over the country as mortgage interest rates rose from 3% to almost 8% during the pandemic. Of all major cities, Chicago has seen the largest drop...
