Tag: Home Sellers

Posted on 09/07/2023
Mortgage Rates: Past, Present, and Possible Future
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared...
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Posted on 09/06/2023
Expert Home Price Forecasts Revised Up for 2023
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there was...
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Posted on 09/05/2023
Why It’s Still a Seller’s Market Today
Even though activity in the housing market has slowed from the frenzy that was the 'unicorn' years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home...
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Posted on 09/02/2023
How Inflation Affects the Housing Market
Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing. It comes from a...
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Posted on 08/30/2023
Buyer Traffic Is Still Stronger than the Norm
Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The Showing Time Showing Index is a measure of buyers touring homes. The...
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Posted on 08/29/2023
Why You May Still Want To Sell Your House After All
Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says: “Deciding whether it’s...
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Posted on 08/25/2023
More Jobs and Better Pay Leads to More Buyer Demand
There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More Jobs Are Being Created Instead of facing...
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Posted on 08/24/2023
Why You Need a True Expert in Today’s Housing Market
The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission critical to work with an expert who can guide you through each unique...
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Posted on 08/23/2023
Just Sold - 918 Meadow Road, Northbrook, IL 60062
Give us a call if you would like to know what's going on in your neighborhood. We can help you too! Call or email us today at:...
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Posted on 08/22/2023
Why Median Home Sales Price Is Confusing Right Now
The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve...
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Posted on 08/16/2023
Don’t Expect a Flood of Foreclosures
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts say...
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Posted on 08/13/2023
Home Prices Are Back on the Rise
Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally. If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news. Let’s connect so you know what’s happening with prices in our area....
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