DuPage County

Oct. 20, 2021

Prices will grow another 16% by 2022

 

Investment bank doesn't foresee big boost in inventory anytime soon

Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16 ...

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Oct. 13, 2021

Fall Maintenance Checklist

 

 

Grab this quick guide and erase any winter worries off your mind. It’s that wonderful time of year again. When the air turns crisp and dewy and the leaves change every color of the rainbow. Let’s be honest though, it’s also when spiders and critters start showing ...

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Oct. 5, 2021

Are Homes for Sale Finally Growing?

John Montgomery  September 22, 2021
  • 630.675.0188
  • john@centerlinepropertygroup.com

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two ...

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Sept. 29, 2021

4 Steps you must take if you want to buy a house

 

Aspiring home buyers should start today to improve debt-to-income ratio, increase savings, shop around for mortgages, and more must-dos, according to real estate experts.

Plenty of us are waiting with bated breath for housing prices to drop, but if you really want to buy a house in 2022, you ...

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Sept. 22, 2021

Special Report - The 2021 Suburban Inflection Point

For suburban home buyers and sellers, 2021 has been a wild ride so far. In this @ the market special report, @properties managing brokers Jim Barcelona and Tricia Roberto discuss Chicago's suburban home market - from the frenzied spring leading up to a market inflection point to the more balanced market ...

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Sept. 15, 2021

Red-Hot Housing Market Beings To Cool

 

There are fewer bidding wars and homes selling above asking price, report finds

 

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak.

A report from residential brokerage Redfin found that pending sales ...

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Sept. 8, 2021

End of forbearance will not lead to foreclosures

 

Photo from DS News

 

 

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen.

1. There are fewer ...

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Sept. 1, 2021

Market forecast for the remainder of 2021, according to realtors

 

 

It’s no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you’re looking to buy or sell a home, you’re likely eager to know how long this will last.

In June 2021, home prices across the U.S. surged 24.8 ...

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Aug. 25, 2021

Fewer first time home buyers are competing

 

 

The inventory of unsold homes rose by 7.3% to 1.32 million from June to July

 

Existing-home sales grew by 2.0% in July from the month prior, a report published by the National Association of Realtors on Monday found. But first-time homebuyers are still getting ...

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Aug. 18, 2021

Refinance applications fall as mortgage rates rise

 

FHA and VA loans saw an increase in applications

 

Mortgage applications decreased 3.9% for the week ending Aug. 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association.

Ten-year Treasury yields rose overall but tapered ...

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