The supply of homes for sale in the US is approximately half of what it was in 2019. The housing shortage affects buyers differently based on income and location. Homes affordable for those earning $100K/yr are scarce, with a shortage of about 285K...
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...
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. Most affordable homes available for middle-income...
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...
1. Real Estate is always going to be in demand. 2. Favorable prices can lead to larger gains. 3. Real Estate can provide cash flow. 4. Real Estate is accessible for everyone.
Prioritize projects that offer the best return on investment and align with your goals. Determine the quality of your renovation and decide whether to hire professionals or DIY. Plan for potential delays and set a realistic timeline to avoid frustration. Save for your...
Peoria, Illinois: Ranked No. 2 in the state, offering value, quality of life, and a diverse economy. Moline-Rock Island: Composite score of 6.4 out of 10, known for riverfront downtowns and collaborative efforts.Chicago: Boasts a variety of neighborhoods, but faces...
