How Interest Rate Cuts Could Boost Home Sales in Chicago, the North Shore, and the Suburbs As interest rates continue to drop, homebuyers and sellers in Chicago, the North Shore, and surrounding suburbs are in a prime position to take advantage of a shifting real...
It’s still a seller’s market – In spite of higher interest rates, home buyers are still having to compete to buy a home or condo as the inventory of available properties is at a record low.
The Fed hiked its key interest rate by 25 bps to 5.5%The Fed expresses doubt that inflation will continue to decrease towards its 2% target without implementing another rate hike.
The US housing market is missing 320K home listings valued up to $256K.
That is the affordable price range for middle-income buyers.
Middle-income buyers can afford to buy 23% of the listings in the current market.
Property analysts predict that home prices will ↓ an avg of 2.8% in 2023. That is less than the 4.5% drop predicted earlier. That is also despite the aggressive tightening cycle by the Fed. The tight supply of homes is the main factor contributing to the resilience of...
1. Understand the limits of loss of use coverage. 2. Ask for a cash advance If you can’t afford to pay for extra expenses. 3. Ask your insurance adjuster for help with housing. 4. Remember that money can’t be used for a different claim. 5. Save receipts because you...
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