chicagoland: Chicagoland Interest Rates Continue to Fall
- 01/05/19 12:42 PM
January Starts with Lower Mortgage Interest Rates Are you out there shopping for your dream home this weekend? Stay up to date with the latest Chicagoland mortgage interest rates.
The Altizer Paloucek Group with CrossCountry Mortgage, Inc., our preferred lender, lowered their rates on three of their most popular loan packages. Chicagoland mortgage interest rates are still at historic lows and there are some very affordable options out there.
Rates dipped .125% on both the 15-year and 30-year jumbo, and fell .375% on the 15-year fixed. Rates on a 30-year fixed loan were unchanged.
Keep in mind that specific rate quotes are based on a … (2 comments)
chicagoland: Where are Chicagoland's Priciest Homes?
- 12/11/18 06:52 AM
Top 5 Concentrations of Million Dollar Homes in Chicago's Western SuburbsChicago's west and northwest suburbs offer many options for the luxury homebuyer. We've taken a sampling of communities in Kane, Dupage and Cook counties to see what's out there.
There's definitely not a shortage of homes for sale as you can see by this map. The bulk of homes for sale in the areas we surveyed are in Aurora, Naperville, St Charles and Elgin.
Wondering where the most million dollar homes are?
As you can see above, Naperville comes in with the most number of homes on the market priced over $1 million. There … (0 comments)
chicagoland: Chicagoland Mortgage Interest Rates Start December Higher
- 12/10/18 08:39 AM
December Opens with Slightly Higher Mortgage Interest Rates Are you out there shopping for your dream home this weekend? Stay up to date with the latest Chicagoland mortgage interest rates.
The Altizer Paloucek Group with CrossCountry Mortgage, Inc., our preferred lender, raised their rates on three of their most popular loan packages. Chicagoland mortgage interest rates are still at historic lows and there are some very affordable options out there.
Rates inched up .125% on the 15-year fixed to 4.125%. 30-year fixed rates were unchanged this week. Interest rates on Jumbo loans were up for both the 15-year and 30-year fixed.
Keep in mind that … (0 comments)
chicagoland: Home Prices Are UP in Chicagoland! Are They Up in Your Neighborhood?
- 06/13/17 09:23 AM
All but 2 Chicagoland suburbs surveyed saw price increases this June 23 of 25 Chicagoland suburbs surveyed saw year-over-year price increases this month. Some were in double-digits! Before we get to the details, let's look at some highlights. MEDIAN SALES PRICE The current median sale price in the Chicagoland suburban market is $228,900. This is up 6.5% YoY (year-over-year). Of the 25 areas we looked at, Campton Hills saw the highest median sales price at $467,500. At the low end, Elgin comes in at $178,500. YoY PRICE CHANGES The suburban Chicago real estate market has seen an average 6.5% price increase YoY. Only 2 areas, Glen Ellyn and South Elgin, saw a price decrease. The big … (1 comments)
chicagoland: Spring Real Estate Market Comes Early
- 02/13/17 08:03 AM
Conventional wisdom needs to change this year when it comes to the buying and selling real estate. The beginning of 2017 has seen housing inventory levels in the Chicagoland area hit multi-year lows. Local home sellers face very low competition in the market. In a recent article by Trulia, inventory levels were shown to have dropped compared to last year in every category including starter homes, move-up homes and luxury homes. If you're waiting to sell your home until the traditional spring market, you should realize all of your competition is following suit. Everyone knows that the 2nd quarter of the year is when homeowners decide … (0 comments)
The number of bank-owned properties on the market has dropped 31.1% year-over-year. Illinois is right in line with a 29.7% decrease in foreclosures. Does this have a correlation with rising home prices?
After the real estate crash, bank-owned properties flooded the market. Good news for those home buyers looking for a bargain, bad news for sellers watching their property value fall.
Over the last couple of years, foreclosure numbers have been dropping and as a result, we've seen home prices rise.
Now you can't expect prices to increase to pre-crash levels as that's likely what caused problems in the first place. However, homeowners … (0 comments)
chicagoland: Low Housing Inventory Raising Prices in Chicagoland
- 01/04/17 07:38 AM
Home sellers seeing higher prices as availability remains low The Chicagoland real estate market has been seeing declining inventory since the start of the year. Currently, there is a 4.1 month supply of housing. Anything between 3-6 months would be considered stable and we're right at the low end of that.
Buyer demand in the Chicagoland market continues to outpace the availability of homes for sale. As the demand increases and supply decreases, prices rise as a result.
National housing inventory is at 4 months so we're right there with the trend. This marks 18 straight months of decline.
Median home prices in Chicagoland for the month of December were at $222,825, up … (0 comments)
Find out what's going on in the Chicagoland IL real estate market, local news and general advice for homeowners. Our Chicagoland Real Estate Blog provides fresh perspective on our market activity. Be sure to check it out!
January Starts with Lower Mortgage Interest Rates 
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