Mortgage Rates in the 3’s a Welcome Surprise
Just about everyone expected mortgage interest rates to rise in 2019. But after reaching 5% last November, the average 30-year mortgage rate is back in the 3% range, the lowest it has been in over 2 years. This latest development is
Near North Chicago Market Update April 2019
The Chicago Near North real estate market continues to show strong numbers, with nearly a $100,000 increase in average sales price of all types of single family homes compared from April 2016 to April 2019. That said, more homes have
Timing Matters When It Comes to Price Adjustments
In Chicago, more homebuyers are house hunting during the months of March, April and May than in any other three-month period throughout the year. So, it stands to reason that sellers who price their homes correctly during this peak period have
Uber-Luxury Market Off To A Strong Start In 2019
The uber-luxury market had a record year in 2018, with 73 homes selling for at least $4 million in the Chicago area, according to Crain’s Chicago Business. Among the factors driving these sales were high-end new construction and strong stock market