911 Kehoe Dr, St Charles, IL

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Welcome to the epitome of charm and modernity in this beautifully updated 4-bedroom home located in the heart of St. Charles. Situated in a sought-after in-town location, this residence is within walking distance to parks, schools - including the highly regarded Davis Richmond - downtown St. Charles, the picturesque river, and scenic paths. The landscaped corner lot adorned with mature trees features a 2-car sideload garage and a large inviting front porch, providing a warm welcome. The…

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Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.

The truth is, if you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry.

Putting the Headlines into Perspective

The increase the media is calling attention to is misleading. That’s because they’re only comparing the most recent numbers to a time where foreclosures were at historic lows. And that’s making it sound like a bigger deal than it is.

In 2020 and 2021, the moratorium and forbearance program helped millions of homeowners stay in their homes, allowing…

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If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?

The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.

Inflation and the Federal Reserve

The Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment rates, and more. As that happens, mortgage rates tend to respond. Business Insider explains:

“The Federal Reserve slows inflation by raising the federal…

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Have you ever heard the term “Silver Tsunami” and wondered what it's all about? If so, that might be because there’s been lot of talk about it online recently. Let's dive into what it is and why it won't drastically impact the housing market.

What Does Silver Tsunami Mean?

A recent article from HousingWire calls it:

“. . . a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging . . .”

The thought is that as baby boomers grow older, a significant number will start downsizing their homes. Considering how large that generation is, if these moves happened in a big wave, it would affect the housing market by causing a significant uptick in the number of larger homes for sale. That influx of homes coming…

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917 W Parkview Dr, South Elgin, IL

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Welcome to luxury living in Thornwood of South Elgin! This stunning 5-bedroom brick-front home, nestled in the acclaimed St. Charles school district, is a true masterpiece. Boasting a landscaped and fenced corner lot adjacent to a park, this residence offers the perfect blend of outdoor charm and modern amenities. The 3-car attached garage, deck, patio with outdoor kitchen, covered eating area, and firepit create an entertainer's paradise. Enjoy the convenience of a…

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Some Highlights

  • Home affordability depends on three factors: mortgage rates, home prices, and wages.
  • Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.
  • That’s good news if you want to buy a home because it means affordability is getting better.

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As the "silver tsunami" sweeps through the Fox Valley, the demand for senior-friendly housing options is on the rise. Baby boomers are looking for homes that cater to their unique needs, offering comfort, accessibility, and a sense of community. In this blog post, we'll explore two prominent options – retirement communities and homes with aging-in-place features – that are transforming the real estate landscape for seniors in the Fox Valley.

Retirement Communities: Embracing a Vibrant Lifestyle

Seniors socializingThe Fox Valley boasts a variety of retirement communities designed to provide seniors with a vibrant and engaging lifestyle. These communities offer a range of amenities and services, including:

  • Social and recreational activities: From fitness classes…

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3808 Ridge Pointe Dr, Geneva, IL

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Nestled in the picturesque Prairie Ridge of Geneva, this charming 3-bedroom ranch home offers an inviting retreat with a meticulously landscaped lot and a distinctive brick driveway leading to a 2-car attached garage. The front porch provides a warm welcome, while the backyard deck, overlooking a walking path, enhances outdoor living. Conveniently situated close to parks, athletic fields, shopping, and a hospital, the location is ideal for a vibrant lifestyle. Inside, the…

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Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons why, to see if a home like this may be right for you too.

Why Buyers Are Opting for Multi-Generational Living

According to the National Association of Realtors (NAR), two of the top reasons buyers are opting for multi-generational homes today have to do with affordability (see graph below):

First-time buyers are focused most on cost savings – with 28% saying this was a key reason for them. By pooling their resources with others, they can share financial responsibilities like mortgage…

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If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale.

The Mortgage Rate Lock-In Effect

Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up. An article from Freddie Mac explains:

“The lack of housing supply was partly driven by the rate lock-in effect. . . . With higher rates, the incentive for existing homeowners to list their property and move to a new house has greatly diminished, leaving them rate locked.”

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