The talk about future interest rate cuts by the Federal Reserve have sparked a lot of conversation about what this change means for the housing market. Whether you plan to buy, sell, or refinance, these lowe r rates can impact your real estate plans in several significant ways. Here’s a closer look at how you Read more
Big news from the Fed this week—they just cut interest rates by 0.5%. It’s the first drop in more than four years, and while most of us saw it coming, there was still some buzz around whether it’d be a smaller 0.25% cut or the full 0.5% they went with. Now, if you're Read more
As we move through 2024, the housing market has had its share of struggles—think high mortgage rates, stubborn home prices, and slow sales. But there might be a silver lining on the horizon. The current midyear forecast suggests that we could see some relief soon, with potential lower mortgage rates over the next six months. Read more
The ever-changing landscape of neighborhood revitalization in Chicago can lead to great investment opportunities. So to keep you informed about these upcoming areas, let's explore some of the most popular up-and-coming neighborhoods. Revitalization breathes new life into neighborhoods, creating a ripple effect that positively impacts property values and investment opportunities alike. As downtrodden Read more
In the world of real estate, the saying "location, location, location" has been replaced by a new focus: mortgage rates, mortgage rates, mortgage rates. Since the Federal Reserve began raising interest rates to combat inflation, the impact on homebuyers and the market has been significant. Higher rates have reduced affordability and demand, and Read more
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Are you a parent gearing up to send your child off to college? If so, you've probably thought about dorm costs and meal plans, and if you're like many parents, you might be shocked at the prices. But have you considered another option? A growing trend among parents is shifting the paradigm of Read more
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The Homeowner Exemption is a tax break that can reduce the property tax you must pay on your primary residence. The exemption amount varies depending on where your home is located within Cook County, but on average, it is about $700. To apply for the Homeowner Exemption, you can fill out an application online or print out Read more