What Caused the Housing Crash 15 Years Ago? Back in 2006, foreclosures flooded the market. That drove down home values dramatically. The two main reasons for the flood of foreclosures were: Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures. ...
Continue ReadingSOLD for $645,000 on July 6, 2022. This home had 6 offers and the sellers were able to get great terms! Update: 20 Darian Ct is under contract as of June 6, 2022. We had lots of showings and six strong offers on this property. Despite the higher interest rates, ...
Continue ReadingHow Today’s Mortgage Rates Impact Your Home Purchase If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment ...
Continue ReadingUnder Contract as of May 9, 2022 and SOLD on Jun 8 for $645,000! Ready to Show, Thursday, May 5, 2022 Offered at $595,000 This end-unit, brick-front, Cascades townhome is beautiful and move-in ready! 3 bedrooms and 3.5 baths on three finished levels with an amazing deck backing to a ...
Continue ReadingUPDATE: SOLD for $830,000 as of May 27, 2022 Welcome to this beautiful Countryside home with perennial garden beds. Enjoy 4 spacious bedrooms on the upper level, 3.5 baths, finished basement, a gorgeous three season room, 2 car garage and a fenced-in backyard. It has everything you have been looking ...
Continue ReadingWhy This Housing Market Is Not a Bubble Ready To Pop Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned ...
Continue ReadingUPDATE: Under Contract as of April 15, 2022 Welcome to this move-in ready townhome in Countryside. All you have to do is unpack your things and enjoy! 2 large bedrooms, 2 full baths, a finished basement and fenced back yard. It has it all. Beautiful new LVP flooring was just ...
Continue ReadingWhat You Need To Know if You’re Thinking About Building a Home If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, ...
Continue ReadingWhat’s Happening with Mortgage Rates, and Where Will They Go from Here? Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a ...
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