Toward the end of last year, there were a number of headlines suggesting that real estate experts and their home price forecasts were projecting home prices to fall substantially in 2023. This prediction stirred a lot of fear and questions about whether we were going to see a repeat of the 2008 housing crash. However, […]
Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market, offering benefits to home sellers as the supply of homes for sale is quite low. But what does that really mean for you? And why are the seller’s market benefits especially present today […]
Some Highlights. If you want to discuss more, reach out to real estate experts at KM Realty Group LLC, Chicago.
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts […]
Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years […]
The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? […]
When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the Chicago real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why […]
Some Highlights.
In today’s fiercely competitive Chicago real estate market, low inventory and high demand are driving up home prices. As a result, we are observing a trend where appraisal gaps grow. As many as 54% of homes in Chicago are receiving offers over the listing price, based on the latest Realtors Confidence Index from the National […]
