Will There Be More Homes on the Market in Chicago in 2025?
As we approach 2025, many prospective buyers and sellers in the Chicagoland area are asking the same question: Will there be more homes on the market next year? The real estate market is shaped by a multitude of factors, including economic trends, interest rates, local policies, and buyer demand. Here’s an in-depth look at what... More
Debunking Scary Myths About Buying a Home
There are a number of scary myths about homebuying in today’s market. Here’s what you need to know: Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment. Connect with a Local Chicago Realtor Today Don’t... More
Buying Beats Renting in 22 Major U.S. Cities
That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, – including Chicago! – monthly mortgage payments are now lower than rent payments (see chart below): As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less... More
What Do Supply and Demand Tell Us About Today’s Housing Market?
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices... More
Coming Soon For Sale: 2424 W Berteau Ave, Chicago, IL 60618 by IRPINO Real Estate
Coming Soon For Sale in North Center, Chicago Great investment opportunity to own this impeccably maintained 3 Flat at 2424 W Berteau Ave, Chicago, IL 60618 situated on 1.5 Lots in highly desired North Center and Top-Rated Waters School District. 8 Bed / 4 Bath Chicago 3 Flat The English Garden Unit, with Full-sized Windows,... More
Coming Soon For Sale: 4250 N Marine Dr., Unit 1611, Chicago, IL 60613 by IRPINO Real Estate
Coming Soon For Sale in Buena Park Chicago Welcome to Luxury Living in the heart of historic Buena Park ~ named one of Chicago Magazine’s Best Places to Live! From this 16th Floor Unit at 4250 N Marine Dr., Unit 1611, Chicago, IL 60613, you’ll enjoy gorgeous views of Lake Michigan, Lakefront Parks, Montrose Harbor,... More
A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]
Some Highlights The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of... More
Starting the Search for Your Dream Home? Here Are 5 Tips!
In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,”the author highlights some steps that first-time homebuyers can take to help carry their excitement of... More
