Found 165 blog entries tagged as For Buyers.

Welcome to our latest blog where we dive deep into the realm of real estate, focusing today on the vibrant Elmhurst market. As we explore the evolving landscape of Elmhurst’s real estate, we'll share expert predictions and analyses that highlight what potential buyers and investors can expect in the years to come.

Elmhurst's Real Estate Market: A Booming Environment

The Elmhurst real estate scene has witnessed significant growth recently, with both home sales and property values seeing a steady rise. Industry experts anticipate that this positive trend will persist, reinforcing Elmhurst's reputation as a prime location for real estate investments. The city's robust economy and the increasing demand for housing are pivotal factors driving this…

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Are big investors really buying up all the homes today?

If you’re trying to find a house to buy, this may be something you’re wondering about. Maybe you’ve read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for. But spoiler alert – there’s a lot of misinformation out there. To clear things up, here's the scoop on what's really happening. A lot of the big investor activity is actually in the rearview mirror already.

The Wall Street Journal (WSJ) explains:

“Investors of all sizes spent billions of dollars buying homes during the pandemic. At the 2022 peak, they bought more than one in every four single-family homes sold, though more recently their…

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Are you currently in the market for a new home in Wayne, IL? Well, you're in luck because today we're going to discuss how a realtor can save you time and money when house-hunting in this charming town.

We're The Kombrink Team at One Source Realty. We've been serving the Wayne, IL community for over 30 years. We've helped countless families find their dream homes in this wonderful community, and I am here to share some valuable tips with you today.

Up-to-Date Listings

One of the main ways a realtor can save you time and money is by having access to the most up-to-date listings of houses for sale in Wayne, IL. Realtors have insider knowledge of the market and can quickly narrow down your search to properties that meet your specific…

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Why Choose The Kombrink Team?

1. Over 30 Years of Experience

  • Our top-rated local Realtor team brings decades of industry experience.
  • We provide our clients with the best possible service, ensuring a smooth and successful real estate transaction.

2. Dedicated Team of Experts

  • Our team consists of 5 full-time agents, each with unique expertise and skills.
  • We are committed to helping you find your dream home in Carol Stream, IL.

3. Hundreds of 5-Star Reviews

  • Don't just take our word for it; our satisfied clients have left hundreds of 5-star reviews.
  • Our clients trust us with their real estate needs, reflecting our commitment to excellence.

4. Comprehensive Real Estate Services

  • Whether you're buying,…

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If one of the main reasons you’re hesitant to buy a home is because you’re worried about the upkeep, here’s some information you may find interesting on both new home construction and existing homes (a home that’s been lived in by a previous owner).

Newly Built Homes Need Less Upfront Maintenance

If you can afford it, you may find a newly built home could help ease your worries about maintenance costs. Think about it, if everything in the house is brand new, it won’t have the wear and tear you may see in an existing home – and that means it’s less likely to need repairs. As LendingTree says:

“Since the systems, appliances, roof and foundation are new, you’re less likely to pay for major or minor repairs within the first few years of…

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If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out.

The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates.

1. What’s Next for Home Prices?

One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey of over one hundred economists, real estate experts, and investment and market strategists.

According to the most recent release, experts are…

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Some Highlights

  • While renting may be less expensive in some areas right now, there are two big benefits homeownership provides that renting can’t. ​
  • Owning a home means you get to say goodbye to rising rents and hello to stability. It also gives you the chance to gain equity as home values rise over time.
  • If you’re ready to learn more about the perks of owning a home, let’s chat. 

Previously posted at Simplifying The Market.

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There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up.

There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to show in April 2024 there were more homes for sale than there were over the last few years (2021-2023):

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As Realtor.com explains:

“There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.”

But does this growing inventory make house hunting easier? Yes and no.

Using the latest weekly data from Calculated Risk, the graph below shows, that even…

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Having a hard time finding a first home that's right for you and your wallet? Well, here's a tip – think about condominiums, or condos for short.

They're usually smaller than single-family homes, but that's exactly why they can be easier on your budget. According to the latest data from the National Association of Realtors (NAR), condos are typically less expensive than single-family homes (see graph below):

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So, if you're comfortable with a smaller space and want to buy your first home this year, adding condos to your search might be easier on your wallet.

Besides giving you more options for your home search and maybe fitting your budget better, living in a condo has a bunch of other perks, too. According to Rocket Mortgage:

“From…

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Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what's going on with home prices these days. Here's the scoop.

The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below):

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As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat – which is pretty normal for that time of year.

But here's what you need to know now. As of February, when the spring market kicked off, prices were on the rise again.

Home Prices Are Going Up in Most of America's Top Cities

After seeing a jump in home prices nationally in February, you might be wondering if…

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