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Some Highlights

  • When it comes to the current housing market, there are some myths circling around right now.
  • Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments. 
  • Let’s connect so you have an expert to help separate fact from fiction in today’s housing market.

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Hello everyone, Nick Kein here, your trusted REALTOR® for Aurora, Illinois. This April, I bring you a comprehensive update on our local real estate market, where the dynamics are swiftly evolving. Whether you are planning to buy or sell, understanding the current market conditions will empower you to make informed decisions. Let's break down the essential metrics and what they mean for you.


Tight Inventory Signifies a Competitive Market

One of the most striking figures this month is the Months Supply of Inventory (MSI), which stands at a mere 0.52 months. This is a stark decrease of 44.68% compared to last year. For those new to real estate metrics, the MSI indicates how long it would take for all current homes on the market to sell at the…

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Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says:

“We’re slowly climbing our way out of an affordability hole, but we have a long way to go. Rates have come down from their peak and are expected to fall again by the end of the year, which should make homebuying a little more affordable and incentivize buyers to come off the sidelines.”

Here’s a look at the latest data for the three biggest factors that affect home affordability: mortgage rates, home prices, and wages.

1. Mortgage Rates

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1480 Anvil Ct, Bartlett, IL

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$ CLICK FOR CURRENT PRICE 5 BEDROOMS 3.5 BATHROOMS 0.35 acres Lot

Welcome to your dream home in the serene Woodland Hills neighborhood of Bartlett. This stunning 5-bedroom residence is perfectly positioned on a beautifully landscaped cul-de-sac lot. It boasts a welcoming front porch and an array of exquisite outdoor features including a fenced backyard with a paver patio, firepit, and a deck with a pergola, plus a heated saltwater pool-ideal for entertaining and relaxation. A gas line for a grill and a 3-car attached garage enhance the…

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Are you on a quest to find the perfect home in Elgin, IL? Your search ends here! At The Kombrink Team, we're not just realtors; we're your dedicated partners in navigating the real estate market. With over 30 years of experience under our belt, we are proud to offer you exceptional real estate services that are a cut above the rest.


Family-Owned, Client-Approved

As a family-owned and operated business, The Kombrink Team values relationships. Our clients are like family, and we believe in treating each one with the respect and dedication they deserve. It's not just about transactions for us; it's about building lasting relationships and ensuring that you feel supported throughout your home buying…

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Welcome to the Ultimate Foodie Tour of St. Charles!

Hey there, fellow food enthusiasts! Today we’re diving into the culinary heart of St. Charles. This city is a food lover’s paradise, and with countless dining options, it can be overwhelming to choose where to eat next. Lucky for you, we’ve rounded up the top 7 restaurants that are making waves in 2024—all based on the rave reviews from you, our local foodies!


7. Colonial Cafe: A Nostalgic Feast

Kicking off our list is the Colonial Cafe, scoring a solid 4.5 stars from over 1,500 reviews. Step into a warm, nostalgic setting and indulge in American comfort foods at their best. Whether you're craving fluffy pancakes for breakfast, a juicy burger for lunch, or a classic baked mac and cheese…

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You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. And while that may be true in some markets if you just look at typical monthly payments, there’s one thing that the numbers aren’t factoring in: and that’s home equity. Here’s a look at how big of an impact equity can have and why it’s worth considering as you make your decision.

What the Headlines Are Based on

The graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare the two options. As the graph shows, especially if you’re not looking for a lot of space, it can be more affordable on a monthly basis to rent:

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But…

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303 Windsor Ct, South Elgin, IL

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$ CLICK FOR CURRENT PRICE 2 BEDROOMS 1.5 BATHROOMS

Discover the perfect blend of comfort and convenience in this spacious 1200+ sq ft 2-bedroom end unit condo, located in the desirable Concord Woods neighborhood of South Elgin, Illinois. This beautifully maintained condo comes with a 1-car attached garage and a charming front porch set amid mature landscaping, creating a welcoming atmosphere from the moment you arrive. Inside, the home opens to a large living room featuring vaulted ceilings, wood laminate flooring, and a built-in entertainment center, perfect for…

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Geneva, Illinois is renowned for its welcoming community and family-friendly atmosphere, making it a prime location for families looking to enrich their lifestyle. Whether you're a local resident or considering moving to Geneva, exploring the city's top attractions can provide endless fun and learning opportunities for the whole family. Here’s a guide to the top five family activities in Geneva, as recommended by The Kombrink Team at One Source Realty.


1. Stroll Through Downtown Geneva

The heart of Geneva offers a delightful experience with its charming downtown area. Families can explore unique shops on historic 3rd Street, treat themselves to a delicious ice cream cone, or dine at one of the many…

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Are you on the hunt for a new home in Aurora, Illinois? Finding the right real estate professional can transform a typically stressful process into a delightful journey. Enter The Kombrink Team at One Source Realty, a distinguished leader in Aurora’s real estate scene with over three decades of expertise.


Family-Owned Excellence

The Kombrink Team is not just any real estate team; it is a family-owned and operated business that puts heart and commitment into everything they do. Over the years, this dedication has culminated in hundreds of 5-star reviews from satisfied clients, affirming their status as a top realtor in Aurora.

Advanced Technology for a Seamless Experience

In today’s digital age, staying ahead with technology is key to…

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