What’s Your Home Buying Power? If you’re in the market for a new home or investment property, one of the first questions you’ll probably ask is, “What can we afford?” Many buyers become so caught up in how much they can afford that they don’t realize their total buying power—that is, the total amount of Read more
1921 N Leavitt Chicago IL This bright and spacious 4BD, 3 ½ BA home with an attached garage is located on a corner lot on one of the of most desirable streets in Bucktown; it offers a great floorplan and timeless quality finishes. The home is flooded with light from windows on all Read more
Thanks to a surge in mortgage applications and mortgage preapprovals, the Chicago housing market is poised to be “one of the hottest in the nation in the third quarter.” The news comes from real estate information service Atom as relayed by Crain's Business Chicago. According to the report, Chicago trailed only Colorado Springs, Colo. in Read more
A new report found the Chicago housing market enjoyed a solid first half of 2017. According to Re/Max, home sales in the seven-county metro area were up 4.0 percent as compared to the first half of 2016, while the median home price gained 6.6 percent. Despite a limited inventory, sales increased to 58,275 units for Read more
It appears 2017 isn't shaping up as a banner year for Chicago real estate, at least that's the projection of the National Association of Realtors. In its recent rankings of the biggest 100 metro areas for 2017, Chicago was tabbed as having the coldest real estate market with a dead-last ranking. In its report on Read more
The chief economist at Realtor.com recently came out on record stating he expects a strong spring selling season in real estate because of a number of factors. These include an improving labor market, continued increases in new home sales and low mortgage rates. Let's take a closer look at the predictions from Realtor.com Chief Economist Read more
A study of the luxury housing market in Chicago found the number of homes that sold for at least $1 million in the Windy City increased by 8.0 percent in 2015 from a year earlier. According to an analysis by RE/MAX, there were 2,353 luxury homes sold in metro Chicagolast year. While the number of Read more
Marketwatch, as part of its New Year's coverage, recently provided a well-researched and reported forecast of the four real estate trends that will shape the market in 2016. It's really a good read and well worth the visit. The piece features no shortage of pertinent takeaways that can be applied to the Chicago real estate Read more
The Chicago housing market is the most undervalued of the world's largest cities, according to a new report that measures the threat of housing bubbles in various big cities across the globe. The cities facing the biggest threat of a housing bubble are London and Hong Kong. The UBS Global Real Estate Bubble Index found Read more
Home prices in the U.S. saw a 5% spike in July, according to the latest Standar & Poor's/Case-Shiller Home Price Index. Home prices rose in all 20 cities measured in the report, with San Francisco seeing the biggest increase at 10.4%. Continuing to push home prices higher is a lack of available homes. As the Read more