News

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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Aug. 11, 2021

Delta variant drops mortgage rates

COVID-19 Delta variant concerns and lower 10-year Treasury yields keeping rates low - Through August 5th.

 

UPDATE:

MBA (Mortgage Bankers Association) 8/11/2021

Mortgage applications increased 2.8% for the week ending Aug. 6, and there are signs that at least some first-time homebuyers are finding opportunities despite high ...

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Aug. 4, 2021

3 charts show this is not a housing bubble

 

 

1. The housing market isn’t driven by risky mortgage loans.

Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is an indicator of the availability of mortgage money. The higher the index, the easier it is to ...

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July 28, 2021

Mortgage applications jump rates plummet

Home prices, however, are depressing the purchase market

 

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates.

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and ...

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July 21, 2021

@The Market: 2021 Mid-Year Outlook

 

 

This quarter on @ The Market, the pandemic is receding, restaurants and ballparks are filling up, and the housing market is running hot. @properties always says “love where you live” and it sure feels like the summer of love in Chicago for many home buyers and sellers. Amid this ...

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