Residential Real Estate Market Outlook Buyers and investors might ask someone to describe the real estate/housing markets. You might call it a market driven by intense demand for homes, not just dream homes, but safe havens for themselves and their family at almost any price. It’s one of severe frustration for all including rate-stuck homeowners…
The Rolling Question of a Housing Market Downturn Another year has passed, with buyers and sellers asking whether the housing market could crash? Would that be a good event for buyers, the homeless, and as a launch pad for a 2024 housing market resurgence? There are economists and housing market experts who extoll the…
5 Year Forecast for the Housing Market What does the market crystal ball indicate about the 5 year outlook on the residential real estate markets across the US? Experts seem pretty certain home prices will fall this year, but almost none of them want to project beyond 2023. But homebuyers aren’t interested in 2023 anymore,…
Compare Lowest Home Mortgage Rates Mortgage rates are rising fast and could go much higher yet. The chart showing the mortgage rate forecasts is a bit frightening. Any refinancing you need, should likely be done now at 6% instead of 12% in the years ahead. On a $300,000 loan, the extra cost would be expensive….
Unemployment Rate in the United States The Covid 19 pandemic interrupted a very positive reduction in the unemployment rate in the United states. 8 years of strong growth during the bull market stock market was crippled by the shutdowns. Now in late 2021, the economic recovery is beginning to deliver stronger job growth (4.8% unemployment…
Sell My House Now! With home prices peaking and beginning to flatten, and with the economy showing some weakness, quite a few homeowners are wondering if right now is the best time to sell their house or condo. Selling your house fast for cash has always held connotations, but recently, the business model of companies…
Chicago Housing Market Update Buyer demand combined with lower construction output are helping to raise prices in the Chicago real estate market. Prices rose steeply in March 2021, as did the number of home sales. Similar to most housing markets across the country, housing supply and big demand from millennials wanting to buy at low…
US Jobs Outlook The bungling of the recent jobs report is a sign of trouble with the current government and a sign the job market is troubled. The current report showed only 266,000 jobs created when almost 1 million were expected. This is a disaster. There are some job market and economic hurdles to deal…
Home Price Bolstered by Strengthening Economy The improving, post pandemic economy will be flush with renewed optimism about the housing market, which currently is on a tear. We know the economy is going well, and with trade deals firmed up, unemployment at record lows (3.5%) and wages rising (3.7% in December). And we know Millennials…
Illinois and Greater Metro Chicago Real Estate The months of January and February revealed the Illinois housing market and especially Metro Chicago housing market performed much better. 2020 was starting in a promising rising direction with upward projections for the next 3 months. Now with the Covid 19 work shutdown, is Metro Chicago and Illinois…
Google Trends Keyword Search Reports Showing Sparks It’s normal to see search activity pick up as spring approaches, yet this year’s activity seems to be a little stronger. Kind of harkens back to the pre crash era where real estate was huge and people actually believed they could buy a home. Why do they search for…
Gasoline Price Predictions As inflation persists and oil prices rise, the forecast for gasoline prices is as well. You might be very happy to own an EV. Gasoline prices are up 2.65% in the past 5 days, yet are down yet again 2% today. Can anyone possibly forecast gasoline prices? It seems they’re struggling which…