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.
If Housing Affordability Is About the Money, Don’t Forget This.
There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy...
Why 2021 Is Still the Year To Sell Your House
A woman standing in her kitchen drinks from a mug. If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI)...
What Do Experts Say About Today’s Mortgage Rates?
Pink speech bubble on blue background Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are...
![Options for First-Time Homebuyers [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2021/10/image-6-400x250.png)
Options for First-Time Homebuyers [INFOGRAPHIC]
Some Highlights With a housing market this competitive, sometimes you have to think outside the box.Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine...
More Young People Are Buying Homes
Tiny little hand-made paper house and two miniature trees on open book, sitting on white background. There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their...
Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand
Woman and man talking in modern office. One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading...
What Does Being in a Sellers’ Market Mean?
Sofas and coffee table in living room at home Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people...
A Look at Home Price Appreciation and What It Means for Sellers
Shot of an adorable little girl using a digital tablet with her father at home When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you...
The Best Use of Time (and Money) When It Comes to Renovations
Couple sitting on floor during room remodeling In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through...
Are Houses Less Affordable Than They Were in Past Decades?
Two female friends sitting on sideboard and smiling, friendship, fun, memories, wellbeing There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However,...
Looking for a Place To Call Home? Consider a Condominium.
Cityscape with modern residential area, new apartment buildings and green courtyard with pavement and trees in autumn It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time...
The Community and Economic Impacts of a Home Sale
If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant...
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...