Kane County

May 12, 2021

Stop searching "Housing Crash"

 

 

Last week CNBC published a story that sought to answer why searches for “housing crash” had gone up 2,450% in the past month. This search term is something that has brought readers to HousingWire for years, and it’s always surprising, but maybe it shouldn’t be. …

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May 5, 2021

This is not a bubble. It is simply lack of supply.

 

It's a discouraging scene: Bidding wars, soaring prices, and fears that homeownership is becoming out of reach for millions of Americans. We're in a housing frenzy, driven by a massive shortage of inventory — and no one seems to be happy about it.

Why it matters: Not …

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April 28, 2021

@properties' Spring 2021 Update

 

When the housing market revved up last summer, the talk focused on where buyers were moving to and why. From Zoom happy hours to cable news shows, armchair pundits fueled the narrative of a mass exodus from cities into suburbs. Within @properties, we also saw a …

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April 21, 2021

A bill to help first-time homebuyers

But it's not a tax credit, and conditions limit how many people will qualify

Consumers have been closely following President Joe Biden’s proposed first-time homebuyer tax credit, but the latest legislative effort to assist homebuyers differs in several significant ways. The newest draft of a down-payment assistance …

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April 14, 2021

What Borrowers Need to Know About the Uptick in Mortgage Rates

 

When we recorded our  2021 Market Outlook at the beginning of the year, Proper Rate executive vice president of sales, Dan Moran, talked about how national average mortgage rates were sitting at record lows, with the rate on the 30-year fixed rate averaging 2.65%. Fast forward a …

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April 7, 2021

Buyer & Seller Perks in Today’s Housing Market

 

 

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big …

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March 31, 2021

How much does cash matter in a bidding war

 

 

 

When there’s a bidding war, cash is king. And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy.

Homebuyers who offer all-cash improve their chances of winning a bidding …

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March 24, 2021

Are buyers overpaying for homes

 

In the real estate business, Months’ Supply of Inventory forecasts how long it would take to sell off the remaining supply of available homes given the current pace of sales. While four to six months is generally considered a balanced market, inventory levels across Chicagoland dipped below …

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March 17, 2021

Renters and Biden's $15,000 homebuyer tax credit.

 

The housing industry has been keeping a keen eye on President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. But just how many people would actually benefit from it?

According to a report from Zillow, about 9.3 million renter households in the U.S. (27.4%) …

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March 10, 2021

Home inspection red flags

The home inspection: 5 red flags to look out for

 

You got your pre-approval, found the perfect home and made an offer. At this point, you’ve probably already started daydreaming about sipping drinks on the back porch, cooking dinners in that giant kitchen or cozying up …

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