Kane County

July 1, 2020

As the Fed's Powell sounds alarms, mortgage rates tank below 3%

 

More gloomy talk from Federal Reserve Chairman Jerome Powell has been greeted by another historic drop in mortgage rates, which have returned to an all-time low under 3% in a daily survey.

In two days of testimony to Congress this week — including an appearance on Tuesday in which ...

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June 24, 2020

Chicagoland contract activity and our recovery

 

 

A year-over-year comparison of new contracts is an encouraging sign for the Chicagoland real estate market. After bottoming out in mid-April, contract activity in the entire Chicagoland region is on the upswing based on @properties data. In fact, by Memorial Day, sales activity was exceeding 2019 levels.

  ...

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June 17, 2020

Housing inventory and Mortgage rates

 

Demand for houses continues to skyrocket, according to a report from Redfin CEO Glenn Kelman. Seasonally adjusted demand for houses during the week of June 1 through June 7 was 25% above pre-pandemic levels.

Kelman said that bidding wars have caused listings to move quickly, and sales prices are ...

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June 10, 2020

Here's evidence of a V-shaped recovery

Today had some promising data for the housing market

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June 3, 2020

@market special report - Real estate improving despite Covid19

 

 

 

With a renewed focus on the value of home and a desire for more space, buyers are eyeing this summer’s real estate market with great interest. But, amid the changes brought on by COVID-19, many homebuyers also have questions about how to move forward – from getting ...

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May 27, 2020

Covid19 Scam ALert

 

 

While it’s always critical to be cognizant of scams, it’s important to know they tend to be more prevalent during times of crisis. As the COVID-19 pandemic evolves, scammers will unfortunately be out there trying to take advantage of people who may be more vulnerable right now. Fortunately ...

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May 13, 2020

What We’ve Learned About Home… While Staying At Home

The Five Challenges of Staying at Home

 

Home has taken on a whole new meaning as of late. It has transformed into a haven, a classroom, a workout studio, an office, and everything in between. As we spend more time at home than ever, we’ve learned a thing or two about the four walls around us ...

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May 6, 2020

What shape will we be in, L, U or V?

 

Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully ...

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April 29, 2020

Covid19 migration

Will COVID-19 spur a migration from dense cities?

 

Realtors and demographers say this is an acceleration of a trend already taking place.

When state governments ordered residents to stay at home more than a month ago, it triggered a wave of temporary migration.

“We immediately saw a pickup in ...

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April 22, 2020

Spring Market Update 2020

 

 

Our quarterly @ The Market webcast series typically takes place on location in the Chicago area. That, of course, changed early this month in light of the stay-at-home order that’s in effect in Illinois and most of the country. So co-founders Thad Wong and Mike Golden did what most ...

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