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 …

South Side Chicago Real Estate

Buying A Home In Foreclosure

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by Kurt Clements If we had a nickel for every time a client in Chicago told us they wanted to buy a foreclosure we would be well, you know where this is going. Foreclosure is a process that happens over many months. There are various opportunities to acquire real estate that is in a different stage of foreclosure, including before the …

South Side Chicago Real Estate

Renovations That Improve Resale Value And Those That Don’t

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by Kurt Clements Those who want to renovate a home in Chicago usually do this to make it more spacious, improve its condition, and to add amenities. However, it is also important to consider if the renovation has the potential to add value to a home. Unless the plan is to live in the same place for life, there is a …

South Side Chicago Real Estate

Case-Shiller: Home Price Growth Slows in March

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by Kurt Clements Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years. The 20-City Home Price Index showed Las Vegas, Nevada as having the top year-over-year home price growth …

South Side Chicago Real Estate

Can I Sell A House That Still Needs Repairs?

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by Kurt Clements When you started thinking about putting your South Side Chicago house up for sale, you probably made a list of repairs that need to be done ahead of time. If that list was long, you might be at a point where you’re asking if it’s all worth it. Will prospective buyers really notice the little things? And even …

South Side Chicago Real estate

Redevelopment Opportunities Abound

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by Kurt Clements Do you remember when Chicago was offering houses for a dollar? Millions (perhaps billions) in tax incentives were being offered by the City of Chicago. It is all about incentivizing redevelopment.  Things like reclaiming contaminated land. Partnering with Walmart to build town centers. What do all of these things have in common? They are examples of exciting redevelopment …

South Side Chicago Real Estate

4 Ways To Pay Off My Mortgage Faster

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by Kurt Clements For most people, the mortgage payment is the biggest monthly expense. Whether you’re facing retirement or still working, it would be nice to be free of this debt. Although you probably can’t pay it off in one lump sum, it is possible to pay off your mortgage sooner than expected and take advantage of homeownership in the South …

South Side Chicago Realtor

Managing Finances Before Applying For A Mortgage

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by Kurt Clements Are you planning on using a mortgage to help cover the cost of your new home purchase in the South Side of Chicago? If so, you will want to prepare your finances and figure out how you will manage all those wallet-draining monthly expenses. Let’s take a look at how to run a quick financial health check to …

Realtor South Side of Chicago

When Is The Best Time To Do Your Roof Maintenance?

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by Kurt Clements In Chicago our roofs get taken to town with the extreme weather we have.  You need to have roof maintenance days set aside for your home. Perform roof maintenance on sunny days when there’s less chance of slipping. Blocking off a weekend twice a year gives you plenty of time to complete the items below without rushing or …