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
Buyers Are Looking For Your Home [INFOGRAPHIC]
Some Highlights: Existing Home Sales are currently at an annual pace of 5.46 million. The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high demand from buyers who are still looking for a house to... More
Just Listed: 1643 W Carmen Avenue Chicago, IL 60640 by IRPINO Real Estate
Just Listed For Sale in Ravenswood / Andersonville, Chicago! IRPINO Real Estate is proud to present this 8 Bedroom / 3.5 Extra-Wide Brick 3 Flat in Ravenswood / Andersonville Chicago, IL just listed for sale at at: 1643 W Carmen Avenue, Chicago, IL 60640. Nestled on a Quiet Tree Lined One Way Street, this Rarely Available... 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