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Some Highlights

  • Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time.
  • Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash.
  • Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008. 

Originally posted at Simplifying The Market.

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120 S Lincoln St, Batavia, IL

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 3 BATHROOMS 0.34 acres Lot

Welcome to 120 S Lincoln St, a stunning 4BR/2.5BA historic home located in the heart of Batavia, Illinois. Situated on a huge in-town lot, this charming residence is within walking distance to downtown Batavia, the scenic Fox River, the library, and more. Professionally landscaped with mature trees, the property features a picturesque wraparound front porch, a 2.5-car garage, and a fully-fenced backyard with a cedar fence (installed in 2019), flagstone walkways, a deck, a firepit, and a…

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22W633 Burr Oak Dr, Glen Ellyn, IL

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$ CLICK FOR CURRENT PRICE 3 BEDROOMS 2 BATHROOMS 0.25 acres Lot

Welcome to 22W633 Burr Oak Dr, a charming 3BR/2BA split-level home nestled in the desirable Valley View neighborhood of Glen Ellyn, Illinois. This inviting home is ideally situated close to parks, shopping, schools, the renowned Morton Arboretum, and major interstates, offering both convenience and tranquility. Surrounded by mature trees, the property features a 2-car detached garage and a welcoming backyard patio, perfect for outdoor relaxation and entertaining. Step inside to an open…

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Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.

If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.

How Can It Help You Buy a Home?

Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time is helping them afford a home. A third of respondents said their situation made it easier to buy (see graph below):

No Caption ReceivedHere are a few ways their caretaking…

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Selling your home in Geneva, IL can be a rewarding experience if approached with the right strategy. Geneva, with its charming neighborhoods and vibrant community, attracts many potential buyers. To ensure a successful sale, homeowners must take a series of essential steps. As a seasoned real estate agent in Geneva, we’ve helped countless clients navigate the complexities of selling their homes. Here are the top 10 things you should do before putting your house on the market.

Home Selling Tips Geneva IL

Clean, Declutter, and Depersonalize

A clean, clutter-free home makes a significant impact on potential buyers. Start by deep cleaning every room, including those less visible areas like behind appliances and under beds. Decluttering helps create a sense of spaciousness.…

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Figuring out what to do with your house when you're ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?

It's a question many homeowners face, and the answer isn't always straightforward. Whether you're curious about the potential income from renting or worried about the responsibilities of being a landlord, there’s a lot to consider.

Let’s walk through some key questions to ask to help you make the best decision for your situation.

Is Your House a Good Fit for Renting?

Even if you're interested in becoming a landlord, your current house might not be ideal for renting. Maybe you're moving far away, so keeping up with the ongoing maintenance would be…

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When it comes to buying a home, one of the key factors homebuyers consider is the school district in which the home is located. The quality of the school district can significantly impact home values, making it an important consideration for both buyers and sellers. In Batavia, IL, schools play a crucial role in influencing home values, making it essential for homebuyers to work with a Realtor who has expertise in the area.

The Role of Schools in Batavia, IL

schools in Batavia Illinois

Batavia, IL, is renowned for its excellent school district, which has consistently been rated highly for their academic performance and extracurricular activities. Families are drawn to the area for the quality of education that these schools provide, which in turn drives up home…

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The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.

And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.

Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell. 

1. Overpricing Your House

Many sellers set their asking price too high and that’s why there’s an uptick in homes with price reductions today. An unrealistic price will deter potential buyers, cause an appraisal issue, or lead to your house sitting…

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Selling a home is a significant decision that involves numerous steps and considerations. If you're a homeowner in St Charles, IL, looking to sell your property, working with an experienced Realtor can make all the difference. Let's explore how a Realtor can help you stand out and achieve your real estate goals.

Why Work with a Realtor in St Charles, IL?

Realtor helping a homeowner sell their home in St Charles, IL

A Realtor brings invaluable expertise and local market knowledge that can significantly enhance your selling experience. In St Charles, IL, where the real estate market can be competitive, having a professional by your side ensures that you make informed decisions and maximize your property's value.

Showcasing Your Home

One of the primary benefits of working with a Realtor is their…

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Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.

Here’s what Danielle Hale, Chief Economist at Realtor.com, says:

 “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don't have the same established definitions in the housing market.”

In the context of today’s housing market, it doesn’t mean home prices are going to fall dramatically. It only means prices, which have been increasing rapidly over the last couple years, are normalizing a bit. In other words, they’re now growing at a slower…

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