Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you're worried about finding a home that’s right for your budget. 

Builders Are Building Smaller Homes 

During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home gyms, and having extra rooms for virtual school.

Now, with affordability as tight as it is, builders are turning their focus to smaller single-family homes. Data from…

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In today’s fast-paced real estate market, Geneva homeowners are in a prime position to maximize the value of their property. Geneva, with its picturesque homes, inviting streets, and tight-knit community, has always been a desirable place to live. But what truly sets this moment apart is the unique combination of market conditions that make selling a home in Geneva an especially lucrative decision right now.

Geneva's Booming Real Estate Market

Over the past year, Geneva has experienced a remarkable surge in home prices. With limited inventory available, the demand for homes is outpacing the supply, putting sellers in the driver’s seat. Buyers are actively seeking properties in the area, and with competition so fierce, they’re often willing to…

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Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.

Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says:

“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.”

But if you want to see it to really believe it, here’s how the math shakes out. Take a closer look at the impact on your monthly payment.

The chart below shows what a monthly payment (principal and interest) would look like on a $400K home loan if you…

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Wheaton, Illinois Real Estate Market in September 2024: Fast-Moving, Competitive, and Thriving

If you’re considering buying or selling in Wheaton, Illinois, now might be the perfect time. The September 2024 real estate market is hot, with homes moving quickly, selling for strong prices, and competition driving up values. The Kombrink Team at One Source Realty is here to break down the latest numbers and help you understand what’s happening in Wheaton’s real estate scene. Whether you’re looking to snag your dream home or capitalize on selling your property, the data shows that the Wheaton market is full of opportunity.

Let’s dive into the numbers and see why now is such a promising time to make a move in Wheaton.

1.5 Months Supply of…

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A Hot Real Estate Market in Sycamore: What Buyers and Sellers Need to Know

Welcome to the September 2024 real estate market update for Sycamore, Illinois, brought to you by The Kombrink Team. Whether you’re a buyer searching for your dream home or a seller looking to maximize your property’s value, this is an exciting time to be involved in the Sycamore housing market.

Let’s dive into the numbers and get a clear picture of why the Sycamore real estate market is moving so quickly—and what that means for you.

2.3 Months Supply of Inventory: A Seller's Advantage

Currently, Sycamore is operating with a 2.3 months supply of inventory. This means homes are selling fast, making it a seller’s market. In real estate terms, anything below six…

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A Look at the Sugar Grove Real Estate Market in September 2024

As we move through September 2024, the real estate market in Sugar Grove, Illinois is showing some exciting trends that are sure to grab the attention of both buyers and sellers. The Kombrink Team at One Source Realty is here to provide you with the latest market data so you can take full advantage of these trends, whether you’re looking to buy your dream home or sell your property at top dollar.

Let’s dive into the numbers and explore why now is a fantastic time to get involved in the Sugar Grove real estate market.

2.01 Months Supply of Inventory: A Seller's Dream

As of September 2024, Sugar Grove is experiencing a 2.01 months supply of inventory, which is a clear indicator…

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A Closer Look at the St. Charles Real Estate Market in September 2024

Welcome to the September 2024 real estate market update for St. Charles, Illinois! If you’re considering buying or selling a home in this thriving city, you’re in luck because the market is balanced and healthy, offering excellent opportunities for both buyers and sellers. The Kombrink Team is excited to share all the latest data with you so you can make informed decisions about your real estate plans.

Let’s break down the numbers and explore what’s happening in St. Charles.

A Balanced Market with 3.62 Months of Inventory

Right now, St. Charles has a 3.62 month supply of inventory. What does this mean? In simple terms, this level of inventory reflects a balanced market…

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South Elgin Real Estate Market: A Hot Market for Buyers and Sellers

As we move into September 2024, the South Elgin real estate market continues to sizzle. Whether you’re thinking of buying or selling, the current market conditions make it an exciting time to dive in. The Kombrink Team at One Source Realty is here to give you all the key details on what’s happening in our local market, and trust us—it’s all good news!

1.17 Months of Inventory: What This Means for Buyers and Sellers

As of September 2024, South Elgin is experiencing a 1.17 months supply of inventory, meaning that if no new homes were listed, it would take just over a month to sell all the available properties. This low level of inventory makes South Elgin a seller’s market,…

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A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is here.

 The experts at Realtor.com study seasonal trends to figure out the ideal week for homebuyers:

“Nationally, the best time to buy in 2024 is the week of Sept. 29–Oct. 5. This week historically has shown the best balance of market conditions that favor buyers. Inventory tends to be high, prices are below peak levels, demand is waning, and the pace of the market slows to a more manageable speed.” 

In addition to the historical trends and typical…

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Choosing between renting and buying a home in St. Charles, IL is a significant decision that can have a long-lasting impact on your financial stability, lifestyle, and future. With the cost of living fluctuating, the real estate market evolving, and personal circumstances always changing, it’s no wonder that many people are unsure of which path to take. Should you continue renting, enjoying the flexibility and low commitment it offers? Or is it time to invest in homeownership and reap the long-term benefits of owning property?

This guide will walk you through the pros and cons of renting and buying a home in St. Charles, IL, helping you weigh your options so you can make the best decision for your personal and financial future.

Rent vs. Buy a Home…

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