The Summer is coming to an end, but the Chicago Real Estate Market is still hot. There are great homes to be found in Chicago and the surrounding suburbs. Check out our market report to spot the latest trends in Chicago’s top neighborhoods and suburbs.
The Chicago real estate market started to really pick up in June. Lots of homes sold quickly, but there are still plenty of great homes for sale. I’ve looked through the numbers and picked my top neighborhoods and suburbs to search for homes.
Many first time home buyers are uncertain about when to shop for a mortgage and how to do so. It’s probably easier and less time consuming than you think.
Here are some quick tips on shopping for a mortgage:
- You only need to talk to one bank initially
- All banks follow the same guidelines outlined by Freddy Mac and Fannie May for loan preaprovals
- When you are under contract, then you can shop around to different lenders to find the best loan
Ravenswood is a neighborhood on Chicago’s north side. The neighborhood is nestled between Montrose Avenue on the south and Foster Avenue on the north; its western border is the Chicago River, and its eastern border is Clark Street. Ravenswood is commonly associated with its other residential neighbors, Andersonville and Ravenswood Manor. Lincoln Square also falls within its borders. [Read more…]
Inventory is still low, but things are finally starting to pick up! Depending on where you want to move in Chicagoland, you may have a hard time finding a home for sale that meets your criteria. It’s not all bad news though. A few popular neighborhoods have more homes for sale than they did this time last year. In addition, the northern suburbs are significantly up in inventory.
ILEBA, or the The Illinois Exclusive Buyer’s Agent Organization, is an Illinois non-profit with a mission of pairing real estate buyers and suitable real estate agents in the state. The organization prides itself on providing functional matches, and connecting buyers with ethical, professional agents that meet their specific needs. [Read more…]