Real Estate Blog - August, 2024

Spacious 4BR Townhome for Sale at 1601 Thornwood Dr, Wheaton, IL

1601 Thornwood Dr, Wheaton, IL

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Welcome to 1601 Thornwood Dr, a spacious 4BR/2.5BA townhome located in the desirable Streams Villa neighborhood of Wheaton, Illinois. Nestled in a quiet, established community with mature landscaping, this home offers both charm and convenience. Enjoy the peaceful surroundings with a private front garden and porch, as well as a large paver patio in the back-perfect for outdoor relaxation. Inside, you'll find a welcoming floorplan with hardwood floors, white trim detail, and plenty of natural…

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How To Avoid Today's Top Seller Mistakes

Some Highlights

• Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?
• The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.
• And the best way to avoid falling into any of these traps is to partner with a trusted real estate agent who knows exactly what to do. Let’s connect so you have someone to lean on for advice. 

Originally posted at Simplifying The Market.

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Charming 3BR Ranch Home for Sale at 1402 Dunstan Rd, Geneva, IL

1402 Dunstan Rd, Geneva, IL

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Welcome to 1402 Dunstan Rd, a charming 3BR/1.5BA brick and vinyl ranch home in the heart of Geneva, Illinois. Nestled on a large, beautifully landscaped lot with mature trees and a fenced backyard, this home offers both comfort and convenience. Enjoy relaxing on the front porch or entertaining on the brick paver patio, all while being close to the forest preserve, Fox River, parks, award-winning Geneva schools, Sunset Pool, and the Metra train. Inside, you'll find modern neutral decor and…

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Are We Heading into a Balanced Market?

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.

What Is a Balanced Market?

A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?

After starting the year with a…

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Charming Duplex with 2 Units for Sale at 604-606 Emmert Dr, Sycamore, IL

604-606 Emmert Dr, Sycamore, IL

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Discover the perfect blend of comfort and convenience in this charming duplex at 604-606 Emmert Dr, nestled in the tranquil Elmwood Park neighborhood of Sycamore, Illinois. This corner lot property offers fantastic curb appeal with a welcoming front porch and a spacious 2-car garage with a concrete driveway. The backyard is an outdoor oasis, complete with a deck-ideal for relaxing or entertaining. Unit 604 boasts a large eat-in kitchen, a comfortable living room, two bedrooms, and a full…

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2025 Housing Market Forecasts: What To Expect

Looking ahead to 2025, it's important to know what experts are projecting for the housing market. And whether you're thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.

Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.

Mortgage Rates Are Projected To Come Down Slightly

Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the course of the next year (see chart below):

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What's the Impact of Presidential Elections on the Housing Market?

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.

Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth answering, so you don’t have to pause your plans in the meantime.

Here’s a look at decades of data that shows exactly what’s happened to home sales, prices, and…

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Stunning 4BR Custom Home on 1+ Acre Lot for Sale at 43W830 Willow Creek Dr, Elburn, IL

43W830 Willow Creek Dr, Elburn, IL

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Welcome to 43W830 Willow Creek Dr, a stunning custom 4BR/2.5BA two-story home nestled on a beautifully landscaped 1+ acre lot in Elburn, Illinois. Surrounded by mature trees, this home offers privacy and tranquility, with a charming front porch, a 3-car sideload garage, and an expansive stamped concrete patio-perfect for outdoor entertaining. Inside, the home boasts vaulted ceilings, rich hardwood flooring, and detailed trim work that accentuate the open floorplan. The inviting…

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What Mortgage Rate Are You Waiting For?

You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie Mac (see graph below):

And if you’re thinking about buying a home, that may leave you wondering: how much lower are they going to go? Here’s some information that can help you know what to expect.

Expert Projections for Mortgage Rates

Experts say the overall downward trend should continue as long as inflation and the economy keeps cooling. But as new reports come out on those key indicators, there’s going to be some volatility here and there.

What you…

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How Growing Inventory Benefits Today's Buyers

Some Highlights

• While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.​
• Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth.
• If you want to talk more about what rising inventory means for you, let’s connect.

Originally posted at Simplifying The Market.

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