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.
Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes
Beige siding house exterior with covered porch and trimmed bushes in front. View of soft blue staircase with narrow walkway. In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New...
Sellers: Make Today’s Home Price Appreciation Work for You
Woman vlogging at home with video camera on worktop and girls watching, food, family, teaching Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the...
With Rents on the Rise – Is Now the Time To Buy?
Photo taken in Petaling Jaya, Malaysia According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same...
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Sellers Are in a Sweet Spot [INFOGRAPHIC]
Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house.That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll...
Key Questions To Ask Yourself Before Buying a Home
Young couple on vacation in countryside, they enjoy in summer nature. sitting on porch next to the fireplace, drinking coffee and have romantic sunset Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may...
![Waiting To Buy a Home Could Cost You [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2021/10/waiting-can-cost-400x250.png)
Waiting To Buy a Home Could Cost You [INFOGRAPHIC]
Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again.The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the...
Home Sellers: There Is an Extra Way To Welcome Home Our Veterans
Happy mid adult African American soldier picks up his preschool age daughter as he returns home from assignment. Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of...
4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
in high-rise building looking at screen With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen....
A Look at Housing Supply and What It Means for Sellers
Construction framed timber in Adelaide, Australia One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller,...
3 Hot Topics in the Housing Market Right Now
House Keys with Key Ring hanging on wooden Board If you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The Counselors of Real Estate (CRE) just released its Top Ten...
![Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2021/10/housing_market_terms_quiz-400x250.png)
Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]
Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for...
Today’s Real Estate Market Explained Through 4 Key Trends
Group of diverse colleagues working together in team meeting, sharing, collaboration, optimism As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today...
Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?
Victorian farmhouse home with lawn and large front porch in summer, Maple Leaf Inn, Barnard,Vermont, USA Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home...
3 Charts That Show This Isn’t a Housing Bubble
With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven...
What You Should Do Before Interest Rates Rise
In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s...
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Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC]
Some Highlights Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market.Although the supply increases...
Diving Deep into Today’s Biggest Buyer Concerns
Shot of a young couple using a laptop on the sofa at home Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are...
Housing Supply Is Rising. What Does That Mean for You?
House real estate graph price investment mortgage An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi,...
Strength of the Economy Is Surprising the Experts
We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the...
Where Have All the Houses Disappeared To?
If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the...
Should I Sell My House This Year?
If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it...
First-Time Buyers Are Searching for Existing Homes This Year
In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase...
2020 Homebuying Checklist
Some Highlights: If you’re thinking of buying a home, plan ahead and stay on the right track, starting with pre-approval. Being proactive about the homebuying process will help set you up for success in each step. Make sure to work with a trusted real estate...
The #1 Reason It Is Difficult to Find Your Dream Home
The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a...