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Some Highlights

  • According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.
  • That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time.
  • If you’ve been debating if it makes more sense to rent or buy, let’s connect to talk about why homeownership can be a better bet in the long run. 

Previously posted at Simplifying The Market.

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You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know.

Why This Isn’t Like 2008

People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new home construction has ramped up.

Even though the supply of new homes has grown this year, the data shows there’s no need to worry. Builders aren’t…

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Did you know Geneva, Illinois, is a city rich with history, dating back to its early days as a Native American settlement? Let's take a journey through time and explore the key milestones that shaped this charming city.

The Early Days: Native American Roots

The story begins with the Potawatomi tribe, who originally inhabited the area. Their presence laid the foundation for Geneva's rich cultural heritage. The Potawatomi lived in harmony with the land, using its resources sustainably and establishing a deep connection with the region.

Arrival of European Settlers

By the early 19th century, European settlers started to arrive. In 1833, Daniel Shaw Haight established the first permanent settlement, which went through several names like Big…

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Hello everyone, I'm Kris with The Kombrink Team at One Source Realty, your trusted REALTOR® team here in Naperville, Illinois. Today, I'm excited to bring you a comprehensive market update for June 2024.

High Demand and Quick Sales

The real estate market in Naperville is moving quickly, with a current supply of just 1.33 months. This low inventory means that homes are in high demand and are selling rapidly. For those considering selling their homes, this is an opportune moment to capitalize on the market conditions.

Months Supply of Housing Inventory Naperville June 2024

Sellers Receiving Great Value

The List to Sold Price percentage in Naperville is an impressive 101.7%. This percentage indicates that sellers are receiving great value for their homes, often selling for more…

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Hey there, I'm Miles Tischhauser with The Kombrink Team at One Source Realty, your local REALTOR® here in Saint Charles, Illinois. Today, I want to give you a market update for June 2024 that you won't want to miss!

The Market is Red Hot

Right now, the St Charles real estate market is sizzling with activity. We are seeing a hot market with only 1.13 Months Supply of Inventory. That's a significant decrease of 57% over the last 12 months, meaning homes are selling faster than ever! If you're considering selling your home, now is the perfect time to do so.

Months Supply of Housing Inventory for June 2024 in St Charles IL

Sellers Are Getting Top Dollar

And check this out - the List to Sold Price percentage is at an impressive 103.6%, which means sellers are getting top dollar for their…

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If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices.

The bottom line is home prices are higher than they were a year ago at this time, and they’re expected to keep rising, just at a slower pace.

But a recent article from Redfin notes,

“Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand.”

And that might make you think prices are declining.

Now, while it’s true the latest report from Realtor.com also shows 16.6% of homes on the market had price reductions in May, which is up from 12.7% last May, that doesn’t mean overall home prices are falling.

The key is knowing the difference between…

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Welcome to the June 2024 real estate market update for Geneva, Illinois! Whether you're buying or selling, staying informed about the current market conditions can help you make the best decisions. Here’s a detailed look at the latest trends and statistics.

Current Market Overview

Geneva’s real estate market is dynamic and active. Here are the key statistics you need to know:

  • Months Supply of Inventory: 1.31 months
  • List to Sold Price Percentage: 101.4%
  • Median Days on Market: 13 days
  • Median Sold Price: $462,000
Inventory Levels

The Months Supply of Inventory in Geneva is currently at 1.31 months. This figure suggests a very tight housing market, meaning that at the current sales pace, it would take just over a month to…

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Welcome to the June 2024 South Elgin real estate market update! If you're considering buying or selling a home in our beautiful community, this information will provide you with valuable insights into the current market conditions.

Current Market Overview

As of June 2024, the South Elgin real estate market is experiencing a significant trend of limited housing supply. Here are the key statistics you need to know:

  • Months Supply of Inventory: 1.18 months
  • List to Sold Price Percentage: 100.4%
  • Median Days on Market: 28 days
  • Median Sold Price: $412,500
Low Inventory Levels

The current Months Supply of Inventory is at a low 1.18 months. This figure indicates a very tight housing market with limited homes available for sale.…

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If homeownership is on your goal sheet for your future, you’re probably working on your savings. And a big priority is making sure you’ve got a plan in place for things like your closing costs, down payment, and more.

Here are a few strategies that can help speed up that process.

Budget and Track Your Expenses: To start, create a detailed budget that tracks the money you’ve got coming in and the money going out. This’ll give you a better look at your finances as a whole.

Cut Down on Unnecessary Spending: Now that you have your budget sheet done and you know how you’re spending your money, look for any line items that aren’t absolutely essential. If you cut down on those, you can re-allocate that cash toward buying a home. Even the little things…

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If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress. Going this route means shouldering a lot of responsibilities by yourself – and, if you’re not an expert, that opens the door for mistakes to happen and can quickly become overwhelming.

A report from the National Association of Realtors (NAR) shows two key areas where people who sold their own house struggled the most: pricing and paperwork.

Here are just a few of the ways an agent makes those tasks a whole lot easier.

Getting the Price Right

Setting the right price for your house is important. And, if you’re selling your house on your own, two common issues can happen. You might ask for too much…

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