Buyer Demand Continues Outpacing the Supply of Homes for Sale

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS(NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market … [Read more...]

Cost Across Time [INFOGRAPHIC]

Some Highlights: With interest rates still around 4% now is a great time to look back at where rates have been over the last 40 years. Rates are projected to go up a full percentage point by this time next year according to Freddie Mac. The impact your interest rate … [Read more...]

Homeownership Still a Great Investment

  Four recent news articles confirmed that most Americans still see real estate as a great long term investment. The Gallup organization polled the American people and discovered that they believe that real estate is a better long term investment than stocks/mutual … [Read more...]

No Matter What the Groundhog Says… You Should Sell Before Spring!

No Matter What the Groundhog Says… You Should Sell Before Spring!         Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the … [Read more...]

Why Have Interest Rates Dropped?

Why Have Interest Rates Dropped?           The headlines agree mortgage interest rates have dropped substantially below initial projections. Many who are considering purchasing a home, or moving up to their dream home, might … [Read more...]

4 Things You May Want to Know about Chicagoland Housing Market

Lasted market Analysis from Illinois Association of Realtors revealed Chicagoland’s housing market through March 2014. Chicago Agent Magazine summarized into four main takeaways from the report: 1. Home sales are still falling – Though the weather may be improving now, … [Read more...]

October New Home Sales Surge

In October new homes sales surged 25.4% to an annual rate of 444,000, well above economists' consensus estimate of 419,000. Interestingly, median home prices decline by 5.3% to $245,800 as lower priced homes sold especially well.  The inventory of new homes declined to 4.9 … [Read more...]