The HousingCoach Blog
Important and useful information about Home Buying, Home Selling and the Chicagoland Real Estate market, to help you make the most of Your Personal American Dream. Explore, Learn, and Take Action.
Homebuyers Are Getting Used to the New Normal
Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.To better understand what’s...
Home Prices Are Rebounding
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view,...
![Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2023/07/Low-Housing-Inventory-Is-a-Sweet-Spot-for-Sellers-KCM-Share-400x250.png)
Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]
Some HighlightsToday’s housing inventory is still well below more normal years.This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers.If you want to sell your house, now is a great time because inventory is still...
How Remote Work Expands Your Homebuying Horizons
Even as some companies transition back into the office, remote work remains a popular choice for many professionals. So, if you currently enjoy working from home or hope to be able to soon, you’re not alone. According to a recent survey, most working professionals...
Renting or Selling Your House: What’s the Best Move?
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained...
Momentum Is Building for New Home Construction
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like,...
Reasons Your Home May Not Be Selling
When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. And, while the current housing market is generally favorable to sellers due to...
![The Benefits of Downsizing for Homeowners [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2023/07/The-Benefits-of-Downsizing-for-Homeowners-KCM-Share-400x250.png)
The Benefits of Downsizing for Homeowners [INFOGRAPHIC]
Some HighlightsDownsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.Downsizing could help cut down on your expenses and your equity can fuel your move.If you’re...
Today’s Housing Inventory Is a Sweet Spot for Sellers
One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on...
Two Questions To Ask Yourself if You’re Considering Buying a Home
If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with...
Americans Still View Homeownership as the American Dream
Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide.A recent survey from Bankrate asked respondents which...
Evaluating Your Wants and Needs as a Homebuyer Matters More Today
When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking...
![Key Reasons To Use a Real Estate Agent When You Sell [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2023/06/Key-Reasons-To-Use-a-Real-Estate-Agent-When-You-Sell-KCM-400x250.png)
Key Reasons To Use a Real Estate Agent When You Sell [INFOGRAPHIC]
Some HighlightsAn agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process.They’ll explain what’s happening today, what that means for you, and how to price and market your house. They’re also skilled...
Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.
Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly...
Lending Standards Are Not Like They Were Leading Up to the Crash
You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the...
Why Homeownership Wins in the Long Run
Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the...
The True Cost of Selling Your House on Your Own
Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your...
![Homeownership Helps Protect You from Inflation [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2023/06/Homeownership-Helps-Protect-You-From-Inflation-KCM-Share-400x250.png)
Homeownership Helps Protect You from Inflation [INFOGRAPHIC]
Some HighlightsWondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.Rents typically increase with inflation. Maybe that’s why, according...
What Homebuyers Need To Know About Credit Scores
If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a...
Eco-Friendly, Energy-Efficient Homes Attract Buyers
Are you planning to sell your house? If so, you may be surprised to hear just how much buyers value energy efficiency and eco-friendly features today. This is especially true as summer officially kicks off.In fact, the 2023 Realtors and Sustainability Report from the...
Why the Median Home Price Is Meaningless in Today’s Market
The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home...
Saving for a Down Payment? Here’s What You Need To Know.
If you're planning to buy your first home, then you're probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for...
![How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2023/06/How-Owning-a-Home-Grows-Your-Wealth-with-Time-KCM-Share-400x250.png)
How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]
Some HighlightsIf you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years.That means...
Why Buying or Selling a Home Helps the Economy and Your Community
If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community.The National Association of Realtors (NAR) releases a report every year to show how much economic activity is generated by home...