Found 456 blog entries tagged as For Buyers.

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…

294 Views, 0 Comments

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…

885 Views, 0 Comments

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…

745 Views, 0 Comments

No Caption Received

Some Highlights

  • Equity is the difference between what your house is worth and what you still owe on your mortgage.
  • The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.
  • Want to know how much equity you have? Let’s connect so you can get a Professional Equity Assessment Report (PEAR).

Originally posted at Simplifying The Market.

326 Views, 0 Comments

Introduction

Nestled in the heart of Illinois, Naperville boasts beautiful neighborhoods, top-rated schools, and a vibrant community. It’s no wonder that the Naperville real estate market is flourishing. With a diverse array of housing options, ranging from single-family homes to luxury estates, there's truly something for everyone in this charming city.

Naperville IL real estate market trends analysis

A Glimpse at the Naperville Real Estate Market

Houses for Sale in Naperville

Naperville’s real estate market has seen a surge in demand, pushing property prices steadily upwards. Recent data reveals that the median home price in Naperville stands at $595,000, marking a 5% increase from the previous year. This upward trend is likely to persist as more buyers are attracted to the area for…

1437 Views, 0 Comments

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.

One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.

The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage rates. The Fed meets next week, and three of the most important metrics they’ll look at as they make their decision are:

  1. The Rate of Inflation
  2. How Many Jobs…

444 Views, 0 Comments

If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today. Hard to believe, right? But the data doesn’t lie.

Here are two key reasons working with your agent to look into new home construction could help you find a more budget-friendly option.

Reason 1: Lower Median Prices for Newly Built Homes

The median sales price for newly built homes is lower than the median sales price for existing homes today. This might seem surprising, but it’s true according to the latest data from…

516 Views, 0 Comments

Hello, and welcome to the Kombrink Team's blog! I'm Kris, with The Kombrink Team at One Source Realty, and today we’re going to discuss the five essential things you need to know before moving to Geneva, IL. Geneva is a beautiful and vibrant city, but before you make that move, there are a few key points you should consider. Let’s dive right in.

The Housing Market in Geneva, Illinois

housing market geneva illinois

The first thing you need to know is about the housing market in Geneva. The real estate market here is thriving, offering a variety of housing options to suit every budget. Whether you’re looking for charming historic homes that exude character and history or modern condos with the latest amenities, Geneva has something for everyone.

In recent years, the…

2321 Views, 0 Comments

There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.

Consider Moving to a More Affordable Area

Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested buyers are moving to places where homes are less expensive, and the cost of living is lower. As Orphe Divounguy, Senior Economist at Zillow, explains:

“Housing affordability has always mattered . . . and you’re seeing it across the country. Housing affordability is reshaping migration trends.”

If you’re hoping to buy a home soon, it might make sense to broaden your search area…

304 Views, 0 Comments

No Caption Received

Some Highlights

  • Want to know the biggest mistakes homebuyers are making today?
  • They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro.
  • Let’s connect to make sure you have a pro on your side who can help you avoid these mistakes.

Previously posted at Simplifying The Market.

332 Views, 0 Comments