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 …

U.S. Wage Increases Could Help Home Buyers

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by Kurt Clements The struggle to achieve the American homeownership dream often feels like it happens in a vacuum. Everyday people work hard, save money and polish up their credit to get a low mortgage rate. As a Realtor I love to watch my south side Chicago home buyers grind through the struggle and make it happen. But there are powerful …

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 …

Winterizing Your Yard: 3 Landscape Tips

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by Kurt Clements Did you see the snow flurries in Chicago on Saturday, winter already?  It is time to get your property winterized for the Chicago cold that is coming. Here are 3 tips to assure that your yard will not only survive the winter, but flourish during the dormant season. They’ll assure that your landscape will greet spring full of …

Best Things To Do Now To Get Your Finances Mortgage Ready

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by Kurt Clements You probably already know that strong finances to qualify for a mortgage can be the biggest hurdle — aside from actually finding that dream Chicago property — along the path to home ownership. Rather than agonizing about it, however, there are some positive actions you can take in advance to help you realize your dream.  I am a …

Fall Outdoor Lighting Tips

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by Kurt Clements Many people associate the fall months with cooler temperatures and changing colors. But another defining characteristic of fall is that the days become shorter. When showing homes in Chicago my hours of work get shorter too because of the sun going down. Yes, there’s limited daylight, as the sun rises later and sets earlier.   Find out why …

house flipping

Common Misconceptions About House Flipping

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by Kurt Clements Reality TV shows have energized everyday people to dive into the real estate market and make money flipping houses. The dramatic presentation and profitable end results make the industry seem like a sure thing. But house-flipping, like any industry, has its share of challenges. In the South Side of Chicago it appears like everyone is flipping.  However the …

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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 …

True Facts About 4 Real Estate Reality TV Myths

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by Kurt Clements Many of us are guilty of plopping on the sofa and binge-watching reality TV home flipping shows. The allure of buying and selling homes for big profits with no boss looking over our shoulders has major lifestyle appeal.  Chicago was one of hottest home flipping areas the last few years. Shows like “Love it or List it,” “House …