Rare Two-Fisted Punch Smacks Chicago Real Estate Market Rising prices and interest rates made Chicago homes less affordable in March than they’ve beenat any time in the past 17 years, and probably longer. A monthly index of affordability that the Chicago Association...
NAR Settlement Fallout: Buyers Screwed Like Never Before Many of you are aware of the NAR settlement reached last week. Sadly, most of the articles wrongly concluded that sellers will no longer have to pay buyer agent commissions, that buyer agents are not needed and...
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. ...
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...
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....
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...
