Chicago's North Shore & Northwest Suburbs Real Estate and Community Information
5 Signs that Now is a Good Time to Buy Homes are spending less time on the market. A year ago, the median time it took a house to sell was 96 days. Now the median time has been shortened to just 71 days. A shortage of inventory, an increase in demand, and those ever-favorable mortgage rates are … [Read more...]
Will Homeowner Tax Perks Change in 2013? The terrain of homeowner tax credits is shifting slightly this year, and it is still unclear how it will all settle. Several credits homeowners have enjoyed the past few years have already expired. Which credits still exist in spite of the looming fiscal … [Read more...]
The Mortgage Bankers Association's seasonally adjusted index of mortgage application activity fell 1.2 percent in the first week of October. The index measures mortgage applications for both home purchases and refinancing; the former rose, while the latter dropped. Refinancing applications fell 2 … [Read more...]
Foreclosed and Short Sale Homes in the Northern Suburbs of Illinois are on the rise, but waiting for new properties isn’t as easy as it seems. As soon as good properties come on the market, they can be gone just as fast. As they say the early bird gets the worm. The Foreclosure Market in … [Read more...]
Waiting doesn’t always pay off – interest rates may rise while you are waiting for home prices to go down even lower. It’s a buyer’s market in most areas, and rates are historically low. Below is an example of the difference in monthly payment if interest rates rise 1%. In addition, … [Read more...]
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