This Week’s Upcoming Events!

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by Kurt Clements Here is This Week’s Upcoming Events!  If you have anything you would like us to promote, please email me at least 1 week in advance at [email protected]! Farmer’s Markets Complete List Of City Of Chicago Farmer’s Markets – Check link for days, times, and details. Yelp List of Suburban Farmer’s Markets– Enter your location and check Yelp …

Real Estate Naperville

Fed Policymakers Cut Key Rate Range by .25 Percent

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by Kurt Clements The Federal Reserve’s Federal Open Market Committee reduced its key short-term interest rate range one-quarter percent to 1.75 to 2.00 percent during it’s September meeting. While FOMC members had mixed opinions on reducing the benchmark rate range for short term loans, the post-meeting statement suggested that reducing the federal funds rate was a hedge against inflation. The federal …

NAHB: Home Builders Remain Confident

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by Kurt Clements The National Association of Home Builders Housing Market Index shows steady builder confidence in housing market conditions. September’s index reading of 68 was one point higher than August’s reading. Any reading over 50 indicates that most home builders surveyed view housing market conditions as favorable. August’s original index reading was adjusted upward by one point. Component readings for …

Chicago Real estate

Is Now a Good Time to Cash Out Your Home Equity?

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by Kurt Clements For many living in Chicago and the Chicago Suburbs, their home is their primary investment. The equity stored in your residence can be a source of available cash for home repairs, upgrades, or for financing the purchase of investment properties. However, few homeowners really understand the process that results in home equity. What Is Home Equity? Your monthly …

Chicago Real Estate

6 Ways to Fight Foreclosure

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by Kurt Clements Sometimes, things don’t go as planned. Despite the best intentions, there are times when it’s impossible for homeowners to fulfill their mortgage obligations. When your misfortune turns into a foreclosure notice, these tips will help you control the situation and realize the best outcome. Work With Your Lender Open the lines of communication with your lender to stall …

This Week’s Upcoming Events!

Kurt Clements Real Estate Leave a Comment

by Kurt Clements Here is This Week’s Upcoming Events!  If you have anything you would like us to promote, please email me at least 1 week in advance at [email protected]! Farmer’s Markets Complete List Of City Of Chicago Farmer’s Markets – Check link for days, times, and details. Yelp List of Suburban Farmer’s Markets– Enter your location and check Yelp …

Chicago Real Estate

What Is A Reverse Mortgage?

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by Kurt Clements A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to it …

Chicago Real Estate

Boom Or Bubble? – Home Prices Hit Record Highs Across America

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by Kurt Clements The rapidly rising home prices currently found in many parts of the United States make it seem like the Great Recession of 2008 never happened. While Chicago has not received the best recovery results, it still has strong numbers.  It took approximately eight years for home prices to recover the values that were equivalent to those they had …

Chicago Real Estate

New Home Prices Going Down Making Them More Affordable

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by Kurt Clements Residential real estate developers in America are responding to a national slowdown in new home construction by building smaller homes that are more modestly priced. The demand for smaller, less expensive homes is growing, while the overall demand for new custom homes is declining. Prices decreased slightly, by about one-half percent, from the price levels in 2018 for …

This Week’s Upcoming Events!

Kurt Clements Real Estate Leave a Comment

by Kurt Clements Here is This Week’s Upcoming Events!  If you have anything you would like us to promote, please email me at least 1 week in advance at [email protected]! Farmer’s Markets Complete List Of City Of Chicago Farmer’s Markets – Check link for days, times, and details. Yelp List of Suburban Farmer’s Markets– Enter your location and check Yelp …