Real Estate Advice

Are You Ready to Buy a Home?

So you've decided you're ready to buy a home. Congratulations. Now the journey begins in turning your goal into reality. Once you've determined it's time to become a homeowner, there are some crucial steps you must take before beginning your home search in earnest. Credit.com recently provided a clear picture of these steps and it's [...]

By |2018-06-19T17:33:59+00:00June 19th, 2018|Real Estate Advice|

Five Things to Know Before Becoming a Landlord

Real estate investment is a major financial play that requires no shortage of commitment. Any number of potential pitfalls can turn a seemingly sound investment property into a money pit. You have to be prepared for all contingencies when becoming a landlord. But how do you know when you’re ready to plunge into real estate [...]

Supply-Demand Imbalance: The New Normal of American Housing Market?

As home prices continue to rise—and with no signs of slowing—housing experts polled by Zillow are predicting home appreciation to climb an additional 4.1% in 2018. One year ago, these same experts predicted just 3.0% growth in 2018. This increase in projected price growth is almost entirely due to the lack of homes for sale. [...]

By |2017-12-30T00:03:46+00:00December 30th, 2017|Real Estate Advice, Real Estate News|

What’s Your Home Buying Power?

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 [...]

Chicago a Top City for Real Estate Investment in 2017, Report

If you're looking to add a single-family rental property to the 'ol investment portfolio in this year, Chicago may in fact be your kind of town. According to a new study by Home Union, the Windy City ranks among the top five cities in the U.S. to invest in a single-family rental in 2017. The [...]

Chicago Real Estate Market Projected to Be Flat in 2017, Report

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 [...]

Chicago Realtors Events to Focus on Global, Commercial Real Estate

The Chicago Association of Realtors each summer hosts numerous events to aid the career enhancement of local industry professionals. Not coincidentally, these events also provides ample networking opportunities. There are two panel discussions scheduled for next month, each of which sounds particularly interesting. The first is scheduled for Aug. 11 and is titled "Successful Women [...]

U.S. Pending Home Sales Increased 3.5% in March

Pending home sales in the U.S. reached a seven-month high in February, which was a nice rebound from January's disappointing numbers. It's an indication another strong spring selling season could be in the offing. The National Association Realtors reported its pending home sales index increased by 3.5 percent month-over-month in February. This surpassed analysts expectations. [...]

Luxury Home Sales in Chicago Increased 8 Percent in 2015

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 [...]

Boomers and Millennials Critical to Chicago Real Estate

The performance of the Chicago real estate market in 2016 will be driven by baby boomers and millennials. That's according to Chicagobusiness.com, which recently took a comprehensive look at the roles the nation's two largest adult population groups will play this year. As Chicagobusiness.com points out, millennials and baby boomers are critical for Chicago real [...]