by Home Buyer Agents | Dec 10, 2024 | Chicagoland Real Estate Information
Chicago Home Prices Rose at 2x National Rate In October, the median price of homes sold in Chicago proper during the month was up 8.6% from the same time in 2023, according to data released Nov. 21 by the Illinois Realtors Association. That’s more than twice the price...
by Home Buyer Agents | Nov 8, 2024 | Chicagoland Real Estate Information
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...
by Home Buyer Agents | Oct 26, 2024 | Chicagoland Real Estate Information
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,...
by Home Buyer Agents | Sep 21, 2024 | Chicagoland Real Estate Information
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,...
by Home Buyer Agents | Aug 29, 2024 | Chicagoland Real Estate Information
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...
by Home Buyer Agents | Aug 21, 2024 | Chicagoland Real Estate Information
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. ...
