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Displaying blog entries 1-8 of 8

Is the cost of waiting worth it?

by Kandace Conn, Transaction Manager/Team Leader

Below shows what the interest rate is now and what it is projected to be next year. It is a significant amount of money if you wait until next year. 

 

Photo provided by: http://www.keepingcurrentmatters.com/

Are home values increasing?

by Kandace Conn, Transaction Manager/Team Leader

In the chart below, it is broken down by state on how much prices have increased in the past year. For more information or to discuss the what your home is worth, call us at 847-222-8686!

 

 

Chart provided by: http://www.keepingcurrentmatters.com/

Happy Thanksgiving!!!

by Kandace Conn, Transaction Manager/Team Leader

EXCITING NEWS for The "Stick with Steve" Team!

by The "Stick With Steve" Team

Please join us in welcoming Steve Cohen's son, Daniel Cohen, to the Stick with Steve team.

Daniel grew up in the Palatine area and went on to study at the University of Illinois graduating in 2011 with a bachelor’s degree in Sports Management.

Prior to joining the team, Daniel worked as a Senior Associate for Madison Street Capital, which is a middle market investment bank. Daniel is Steve’s son and it has always been his goal to make a transition into the real estate business.

Daniel has always loved playing as well as watching sports, but instead of becoming a sport agent he has unquestionably decided to join the team and become a Realtor. With his widespread knowledge and background of the business, Daniel will do whatever it takes to find his clients their dream home.

Mortgage Rates

by The "Stick With Steve" Team

The current mortgage rates are continuing to climb. Take advantage of where they are at now and give us a call today and we will find you your dream home!

Say Goodbye to 3% Interest Rates

by The "Stick With Steve" Team

Say farewell to the ultra-low mortgage rates. For the past month, rates have been on the rise and are expected to continue this way. 

This week, an average 30-year fixed rate mortgage has jumped another 10 percentage points, bringing it closer to 4%. For those seeking a 15-year loan came to an average of 3.03% which is up from 2.56%, which is a record LOW!

"It's unlikely that rates will ever be that low again," said Doug Duncan, Fannie Mae's chief economist.

With all that being said, mortgage rates are continuously rising and it is best to take advantage of the rate we have now than to wait for them to drop again. Give us a call today and we can help you find your dream home!

Can’t Buy? WE CAN HELP!

by Kandace Conn, Team Leader/Transaction Manager

The “Stick with Steve” team works directly with an amazing company who can help you find the home of your dreams if you are not currently qualified to buy! We know, it sounds too good to be true, but it is not! We are devoted to providing help to families or individuals who want to become a homeowner. This company will buy the home of your dreams that you personally pick out, CASH, and rent it to you for a minimum of one year but you will have Lease with Purchase Right. If this sounds of any interest to you, please call us at 847-222-8686 and set up an appointment to hear more about this program!

Why Buy Now?

by Kandace Conn, Team Leader/Transaction Manager

There may have never been a better time in real estate past to purchase a home based on rising rents, list prices and mortgage rates. Below you will read about the reasons that we believe you should buy now.

Starting off, the supply of homes on the market is decreasing. So, with inventory declining, finding your dream home could be more difficult than you expected going forward. Don’t be surprised when there is no longer a huge collection of homes to choose from. But with that being said, the finest homes in the best locations are going to sell first, so you won’t want to miss the chance to get your chance to buy your dream home.

The housing market is slowly but surely picking itself back up, so price increases are on their way. The median price is a record low of $154,600 according to the National Association of Realtors. Many pricing catalogs are reporting that prices will continue to rise, so now is the time to buy.

In this current market, it is less expensive to buy rather than rent. Statistics show rent is supposed to increase by 3.2% on an annual basis. This past year Trulia reported that rents this year have increased by 5.4% instead and are projected to rise by 4% for the next two years. So with home prices being at record low, buying a home is now more within reach for middle income families.

Mortgage rates are at record lows and projected to rise to 4.4% by the end of 2013, which is an increase of roughly one point of what the current rates are. With mortgage rates where they are now, it has helped push housing affordability better. 

Displaying blog entries 1-8 of 8

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