Chicago Buyers Stare Down High Interest Rates and Prices Recent home data through September 2024 reveals that long-sought after home affordability for Chicago buyers remains elusive. Home prices are rising faster in the Chicago area than in most of the U.S. and have...
Remodeling Skyrockets as Sellers Face Triple Hurdles to Trading Up Rising prices, almost no inventory of homes available to buy, and a love of old 3% mortgage versus a new one near 7, makes trading home a challenge. That’s why remodeling is forecast to grow in 2025,...
Mortgage Rates Drop to the 5s: What It Means for You Mortgage rates have steadily declined over the past few months,with the 30-year mortgage rate falling by more than 1.0% sinceApril 2024, bringing rates to their lowest levels since February 2023. As of today,...
Scorching Summer Real Estate: 3 Things You Need to Know Home Prices Scorch Inflation Inflation is slowing but home prices have been vigorous, running higher than inflation.In Chicago proper, home prices in June were up 7%, according to data from the...
6 Trends You Must Know About The Chicago Real Estate Market Mortgage Rates Fell- Lowest in More Than a Year Mortgage rates dropped to a 15-month low this week, prompting a flurry of refinancing activity, although buying a home will likely remain tough for a while. ...
More of Same: No Inventory, Higher Prices, Affordability All-Time Low Nationwide Real Estate Stats for June 2024 U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what...
