by Jeff Kropp | Aug 19, 2019 | Chicagoland Real Estate Information
The downward trends that started earlier this year continue as expected. Broadly, inventory is up 10% compared to this time last year, and in the case of condos its averaging a 25% increase in popular northside neighborhoods like Lincoln Park. At the same times the...
by Jeff Kropp | Jul 21, 2019 | Chicagoland Real Estate Information
As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid...
by Jeff Kropp | May 17, 2019 | Chicagoland Real Estate Information
Drill Down Into Market Stats In Your Neighborhood! Today we are going to learn an important lesson that every seasoned realtor knows. The real estate market varies widely from neighborhood to neighborhood, and even block-to-block. As a buyer, it’s important to...
by Jeff Kropp | Apr 28, 2019 | Uncategorized
Despite a big increase in the number of homes sold in March, the local housing market continued its buyer-friendly shift. The Chicago metro area saw 8,122 homes sell in March, an increase over the 5,600 homes sold in February but a 10 percent year-over-year decline,...
by Jeff Kropp | Mar 27, 2019 | Home Buying Tips
Buying a home means not only finding the right home, but hiring and coordinating with a lot of professionals that will help bring you to the closing table. Naturally, a good buyer agent will make recommendations and help with the coordination, so don’t be afraid to...
by Jeff Kropp | Feb 27, 2019 | Home Buying Tips
The total out of pocket costs to purchase a home in Chicago is equal the down payment + closing costs + a few other factors that could have an impact depending on the situation. Closing costs are separate and in addition to down payment. Closing costs are a...
