Chicago Real Estate Market: Prices, Trends, Forecast 2022-2023
December 14, 2022
December 12, 2022 By Marco SantarelliWe'll discuss the latest trends and projections for the Chicago housing market. Is the Chicago-area housing market vulnerable to a recession? Home prices are expected to decline slightly over the next twelve months but the forecast for the fourth quarter of 2022 is still positive (+4.5%). The forecasts also indicate positive annual ...
Chicago Housing Market: Prices | Trends | Forecasts 2022
September 14, 2022
September 1, 2022 By Marco Santarelli Illinois Housing Market UpdateWe'll discuss the latest trends and projections for the Chicago housing market. Prices are expected to continue to increase through the rest of the year while the number of sales is expected to decrease. As demand remained robust and mortgage rates climbed, Illinois houses sold faster in May 2022 ...
When Will Home Prices Come Down?
August 09, 2022
As the market continues to shift, more and more questions are being asked about how home prices will behave in the coming months. Will home prices continue to rise, or will they finally start to come down? If you’ve been interested in selling your home and/or buying a new one but have been intimidated by the fast-moving market, ...
Is My Window to Buy a Home Finally Opening?
July 11, 2022
The housing market was red hot for months. Mortgage rates were low, and the competition for homes was fierce, with many people paying far above the asking price. Buyers were snapping up homes within hours of being listed, leaving many frustrated in their search.Usually, low-interest rates signal that it’s prime time to buy, but in 2021, the ...
The U.S. needs more homes, but builders may be slowing construction
June 15, 2022
Rising interest rates and record home prices are making it impossible for many Americans to buy a house, and that's making builders less confident that if they build a home they'll be able to sell it. That could be a very big problem because the main reason home prices have risen so much in recent years ...
7 Things Every Buyer Should Know in This Market
May 09, 2022
The real estate market is on fire right now. More than 80% of Americans ages 18–34 said now was a bad time to buy a home, and the median home-sale price reached a record high of $365,000 in January. That’s a 28% increase from January 2019! The inventory simply hasn’t kept up with buyer demand. ...
Red-Hot Housing Market
April 15, 2022
Red-Hot Housing MarketAs we all know these days it is hard for a buyer to find a home due to the lack of inventory as well as homes often going into multiple offers. Buyers are waiving inspections, offering significantly over asking and sometimes still not getting the offer accepted. It is a Red-Hot Housing market. However, ...
Reasons You May Want to Wait to Sell
April 11, 2022
It’s no secret that the Lenawee housing market is going a mile a minute right now. Homes are still selling fast and for over the asking price. Of course, this sounds like an ideal time for someone to sell and take advantage of this market, right? But, where will you move?If you want to sell and take ...
What Buyers Are Looking For In 2022
March 09, 2022
Selling your home in 2022 is an excellent idea as property values are expected to continue to increase after a record 2021. If you’ve been thinking to yourself, “I should sell my home,” but you’re not entirely sure what buyers are looking for in 2022, you’re in the right place. In this post, we’...
Last Year's Housing Market Was a Wild Ride... Here's What to Expect in 2022
February 14, 2022
Last Year's Housing Market Was a Wild Ride...Here's What to Expect in 2022The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on ...
REAL ESTATE NEWS
February 11, 2022
REAL ESTATE NEWSAs 2021 came to an end it showed a year of historically low mortgage rates. The market even saw it dip below 3%. Realtor.com expects that rates will rise this year and likely hover around 3.3 and possibly reaching 3.6% by the end of the year.Inventory likely will remain low as we enter ...
What Will 2022 Real Estate Trends Be?
January 14, 2022
With mortgage rates predicated to stay below 4% for the next year it is likely that the trend of homes selling quickly will continue as homes nationally on average sold in under 25 days or less per Forbes.com. It isn’t likely that the market will drastically shift and become a buyers’ market, Sellers still will likely achieve ...
After a frenzied 2021, the coming year could bring stability to the housing market. But don’t expect prices to go down.
January 14, 2022
After a frenzied 2021 housing market, the coming year could bring a small measure of relief for prospective homebuyers.But the market won’t go cold, real estate industry professionals predict.Rather, changes in home price growth, the supply of homes for sale and upticks in rock-bottom interest rates are more likely to stabilize the market after an unpredictable ...
Year End 2021 Real Estate News
December 14, 2021
As the year comes to an end for 2021, the average homeowner has continued to gain home equity as home prices have seen a record growth level in more than four decades. Per Corelogic reports, between the end of 2020 and now 2021 the average home gained about $57,000 in equity. The average sale price ...
