Pros And Cons: Older Homes Versus New Construction

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by Kurt Clements Opinions differ about whether home buyers are best served by purchasing an older home or new construction.  In Chicago we have some really old homes to debate. New homes enjoy that “new home” smell and the idea that you are the very first occupant can be very appealing. On the other hand, older homes resonate with nostalgia and …

New Construction

New Construction Boom Expected

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By Kurt Clements The housing market has been trending in a positive direction and economic indicators point to new home construction going vertical.  As a Real Estate agent in the South Side of Chicago all I can say is, it is about time. Companies like SG Home Builders are set to thrive. Following the housing bubble and sluggish post-recession economy, …

Buying A New Construction Home In Chicago Area Suburbs

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Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning a new construction home in Chicago area suburbs is definitely exciting, but it does come without its own set of questions. …

South Side Chicago Real Estate

How To Cut A Great Deal On A New Home Construction

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by Kurt Clements Savvy home buyers often get great deals on new construction homes by asking for deals and discounts and doing some up-front research.  In the south suburbs of Chicago and in the Morgan Park Neighborhood of the south side there are new construction neighborhoods ripe for the picking. Home builders often dislike offering steep discounts in sales prices because …

Newest Home Pricing Data Shows Homes Becoming More Attainable Across The Country

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by Kurt Clements I usually focus on Chicago Real Estate issues, specific to the South Side of Chicago.  However, today I want to discuss the market effects throughout the country. Case-Shiller’s 20-city home price index for September reported the lowest pace of year-over-year home price growth in almost two years. Lower home prices balanced housing markets between sellers and buyers, but …

What Is Ahead For Chicago Real Estate

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by Kurt Clements While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. Inventory will remain tight, mortgage rates will continue to creep up, and affordability will remain a major issue in many parts of the country. So what does that …

NAHB: Builder Confidence in Housing Market Ticks Up in October

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by Kurt Clements Home builder confidence in national housing market conditions rose one index point for a reading of 68 in October. Readings over 50 indicate that most builders are confident about market conditions. Rolling three-month averages showed mixed results. The Northeastern region gained three points for an index reading of 57; the Midwestern region, where Chicago is located, lost two …

Foreclosure Rates Expected To Dip Below 12-Year Low

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by Kurt Clements The record-setting pace of the U.S. economy continues to positively impact the housing market and home foreclosures now stand at an astonishing 12-year low. As a Realtor in the South Side of Chicago the market continues to impress me too. Coming off a GDP growth rate of 4.1 percent and a historic bull stock market run, everyday Americans …

Market index

NAHB Housing Market Index Unchanged in September

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Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB’s housing market reading for August. Analysts cited recent tariffs on building materials as a significant cause of easing builder confidence. As a Realtor in the South Side of Chicago new construction …

Home Trends – Mindfulness

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Home Trends Includes Natural Mindfulness Designs by Kurt Clements Urban and suburban life offers wonderful conveniences and cultural benefits. But a downside that many families are experiencing is the pervasive use of electronics and disconnectedness from nature. We forget to include mindfulness as an option when looking for a home to purchase. This is also true for my South Side Chicago …