Economy

Chicago Real Estate Bucking the Trends – Good for Buyers

Two trends are clear nationwide, inventories are shrinking and prices are rising. Only 47 percent of the nation’s inventory remained unsold between April 1 and June 1, 2017, according to Trulia. This is an 8.9 percent drop year over year for Q2 2017. Home prices spiked 6.7 percent nationally from June 2016 to June 2017, …

Chicago Real Estate Bucking the Trends – Good for Buyers Read More »

New Mortgage Programs for Chicago First-Time Home Buyers

The challenge of saving for a down payment is a constant struggle for many first-time home buyers in Chicago. According to the Washington Post, the housing market is missing one specific group: young first-time home buyers. Realtors are commenting on the low numbers of this young generation that they are seeing in the marketplace. The …

New Mortgage Programs for Chicago First-Time Home Buyers Read More »

Home Prices Climb as Inventory Remains Low in Illinois

New numbers released by the Illinois Association of REALTORS® point out that in April, the trend of increased prices for homes continued but tighter inventory locked home sales numbers down. Statewide home sales in April 2014 totaled 11,845 homes sold, down from 12,846 in April 2013. The number of houses on the market in April …

Home Prices Climb as Inventory Remains Low in Illinois Read More »