For many, getting a fresh start in spring means they’re ready to put their Chicago- North Shore house on the market and/or start looking for a new Chicago-North Suburban place to call home. These are the four top reasons on why spring is an ideal time to buy, sell, or both in the North Shore area of Chicago…. READ MORE
Buying a new construction home is different than a resale home. Here is what buyers should know about new construction. Builder prices are often influenced by: Location Cost of the land Size of the home Cost of the building materials Labor costs Real estate market conditions Builder impact fees The Real Estate Agent’s… READ MORE
Overview of the Chicago Real Estate Market For the period Dec 14 to Mar 15, average price per square foot for Chicago IL was $192, an increase of 9.1% compared to the same period last year. The median sales price for homes in Chicago IL was $212,000 based on 3,348 home sales. Compared to the… READ MORE
Millennials Attracted to Urban Market The Chicago market may benefit from the demographic and societal trends showing millennials are attracted to urban markets, according to Jonathan Smoke, Realtor.com’s chief economist. Chicago home prices, while recovering, have not appreciated as much as they have in other markets. “Chicago is one of the few cities that offer both (an urban… READ MORE
Unique opportunity to own a spectacular 2 story penthouse in the center of Old Town! A private elevator opens to your 3300 sq. ft. unit. Grand 14 ft ceilings, custom designed kitchen with hand crafted 54” cabinets, 48″ Sub Zero refrigerator, 114 bottle Sub Zero wine cooler, Thermadore stove. Bamboo floors throughout, custom luxurious master… READ MORE
National home sales are at a three year high. After climbing steadily for the past three months, November’s Pending Home Sales Index rose 1.7 percent to 106.4. This is the highest the Index has reached since April 2010, when the deadline for the home buyer tax credit was approaching. But November’s increase isn’t due to… READ MORE
If you apply for a mortgage loan today chances are that the lender or broker will propose that you pay a discount point or two to get a better deal. But what does that mean exactly and will it be beneficial to you? It depends on your situation. What Are Mortgage Points? Before you agree… READ MORE
5 Signs that Now is a Good Time to Buy Homes are spending less time on the market. A year ago, the median time it took a house to sell was 96 days. Now the median time has been shortened to just 71 days. A shortage of inventory, an increase in demand, and those ever-favorable mortgage… READ MORE
To everyone who is interested in Real Estate “fiscal cliff” updates. The Mortgage Debt Forgiveness Act was extended through 2013. This is good news for short sale sellers, who will continue to be an important market segment in 2013. Sellers whose lenders forgive mortgage principal in the sale process and who close in 2013… READ MORE
If you’ve been paying any attention to the news, you doubtless know that the United States is rapidly approaching a “fiscal cliff.”