Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. [Read more…]
Experts Predict Economic Recovery Should Begin in the Second Half of the Year
One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say. [Read more…]
Third Quarter 2017 Market Report
Total home sales in Chicago is down 2.6% from this time last year, though the median sale price is up 5.8% over the same period. Low inventory remains a problem. Market times have dropped from last year by 11%, as home buyers who are in a position where they need to move are still moving. This market reflects that optional move up buying has slowed.
Take a look at the market for the neighborhoods I serve. If you are thinking of making a move, or just curious, I can help you navigate the process with my objective, data-driven perspective and over 20 years of experience.
Selling Your Home? Make Sure the Price Is Right!
In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. [Read more…]
Sales at Highest Pace in 10 Years! [INFOGRAPHIC]
![Sales at Highest Pace in 10 Years! [INFOGRAPHIC] | Simplifying The Market](http://d2d6tznlfad433.cloudfront.net/wp-content/uploads/2017/01/20170127-Highest-Sales-STM.jpg)
Will Increasing Mortgage Rates Impact Home Prices?
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able to buy, and logic says prices will fall if demand decreases. [Read more…]
Homeowner’s Net Worth Is 45x Greater Than A Renter’s
Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). [Read more…]
5 Myths About Real Estate Reality TV Explained
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? [Read more…]
Inadequate Inventory Driving Prices Up
The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices. [Read more…]
Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories
The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure. [Read more…]