If you have student loans and want to buy a home, you might have questions about how your debt affects your plans. Do you have to wait until you’ve paid off those loans before you can buy your first home? Or is it possible you could still qualify for a home loan even with that debt? Here’s a look at the latest information so you have the answers you need.

A Bankrate article explains:

“Roughly 60 percent of U.S. adults who have held student loan debt have put off making important financial decisions due to that debt . . . For Gen Z and millennial borrowers alone, that number rises to 70 percent.”

This includes one of the biggest financial decisions you’ll ever make, buying a home. But you should know, even with student loans, waiting to buy a…

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In the ever-evolving landscape of Geneva's real estate market, staying informed is key to making the most of your property ventures, whether buying or selling. As your trusted local real estate experts, The Kombrink Team is committed to providing you with the latest market insights. Today, we delve into the current trends and what they mean for you.


Current Market Overview

Geneva's real estate market is experiencing a unique phase characterized by a tight inventory. The current supply stands at a mere 1.1 months, a significant decrease of 7.56% compared to the previous year. This trend is a clear indicator of a fast-paced market, with properties selling quicker than ever. For sellers, this environment presents a golden opportunity.

Months Supply of Housing in Geneva, Illinois

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3697 Thornhill Dr, Elgin, IL

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 2.5 BATHROOMS 0.25 acres Lot

Nestled in the prestigious Bowes Creek Country Club community in Elgin, IL, this 4 bedroom/2.5 bathroom home is a blend of luxury and comfort, offering a lifestyle few can match. Surrounded by the allure of an 18-hole championship golf course and the top-rated Burlington Schools, this property is also conveniently close to a forest preserve, major interstate, and the country club itself. Positioned on a beautifully landscaped lot with low voltage lighting, this home features a 3-car…

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a poster of a company's process

Some Highlights

  • Hiring an agent when buying a home helps you understand the buying process and the local market.
  • They’ll also go over contracts and fine print with you, so you understand what you're agreeing to. Plus, they're good at negotiating, making sure you get the best deal.
  • Expert advice from a trusted real estate professional is priceless. Let’s connect today.

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176 Ashwood Dr, Sycamore, IL

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$ CLICK FOR CURRENT PRICE 3 BEDROOMS 2 BATHROOMS 0.3 acres Lot

Experience the perfect blend of comfort and convenience in this charming 3BR/2BA ranch home, nestled in the friendly neighborhood of Townsend Woods in Sycamore, IL. This beautifully crafted home boasts a harmonious blend of brick and vinyl exterior, set on a landscaped corner lot. Step onto the large front porch, offering a warm welcome and a hint of the serenity that awaits inside. The backyard is an oasis of relaxation, featuring a deck perfect for outdoor gatherings, along with a handy…

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Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know. That phrase refers to the idea that a lot of baby boomers are going to move or downsize all at once. And the fear is that a sudden influx of homes for sale would have a big impact on housing. That’s because it would create a whole lot more competition for smaller homes and would throw off the balance of supply and demand, which ultimately would impact home prices.

But here’s the thing. There are a couple of faults in that logic. Let’s break them down and put your mind at ease.

Not All Baby Boomers Plan To Move

For starters, plenty of baby boomers don’t plan on moving at all. A study from the AARP says more than half of adults aged…

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Welcome to our latest blog post! I’m Matt Kombrink from The Kombrink Team at One Source Realty, your go-to local REALTOR® in Saint Charles, IL. I’m here to share some exciting updates and insights about our current real estate market.


Understanding the Current Market: A Seller’s Domain

The Saint Charles real estate scene is buzzing, and here's why: our inventory levels currently stand at a 1.56 Months Supply of Inventory. This number is crucial because it signals a seller's market. But that's not all – over the last year, we've noticed a 6.12% increase in Months Supply of Inventory. What does this mean for you? We’re witnessing a gradual market shift, offering new opportunities for both buyers and sellers.

Months Supply of Housing Inventory Graph for St Charles, Illinois

Pricing Dynamics: High…

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Buying a home this spring? You’re probably navigating today’s affordability challenges and dealing with the limited number of homes for sale. But, what if there was a solution that could help with both?

If you’re having a hard time finding a home you love, and mortgage rates are putting pressure on your budget, it may be time to look at newly built homes. Here’s why.

New Home Construction Is an Inventory Bright Spot

When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the number of existing homes for sale has increased this year, there are still fewer available than there were in more typical years in the housing market, like back in 2018 or 2019.

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Geneva, IL is a picturesque suburb located along the Fox River in Kane County, Illinois. Known for its historic downtown district, charming shops, and beautiful parks, Geneva is a sought-after location for both families and individuals looking to buy a home in the suburban Chicagoland area. If you are considering buying a home in Geneva, IL, this comprehensive guide will provide you with all the information you need to make an informed decision.


Determining Your Budget

Before you start searching for your dream home in Geneva, IL, it's essential to determine your budget. Take into account your income, savings, and expenses to calculate how much you can afford to spend on a home. Consider getting pre-approved for a mortgage to understand your…

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As the realm of real estate continuously evolves, it's vital to stay informed, especially if you're on the cusp of buying or selling a home. Today's focus is on clarifying the haze surrounding the recent National Association of Realtors settlement in the Sitzer Burnett case. With a plethora of misinformation floating around, we're here to set the record straight.

Debunking Myths About Realtor Fees

A prevalent rumor claims that this settlement will compel brokers to slash their fees. It's essential to bust this myth: the settlement does not regulate what Realtors can charge or the services they provide. The beauty of real estate transactions has always been in the negotiation - the fees you agree upon with your agent remain as flexible as…

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