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.
111,285 Reasons You Should Buy a Home This Year
The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR):...
What Do Supply and Demand Tell Us About Today’s Housing Market?
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course,...
The Main Key To Understanding the Rise in Mortgage Rates
Side view of businessman using digital tablet while leaning on desk in office Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last...
4 Tips To Prep for Your Home Sale This Fall
Woman holding potted plant in her bew home Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately...
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Reasons Renters Buy [INFOGRAPHIC]
Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors.Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you...
As Home Equity Rises, So Does Your Wealth
Tree growing on coins, money growing, business success concept. Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits...
Don’t Tackle Selling Your Home on Your Own – an Agent Can Help
If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). But the...
Early October is the Sweet Spot for Buyers
Happy married couple talking with financial advisor on a meeting in the office Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused...
If You’re a Buyer, Is Offering Asking Price Enough?
Shot of a relaxed couple enjoying the day at home together In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than...
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It’s Still a Sellers’ Market [INFOGRAPHIC]
Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen.Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why...
Two Reasons Why Waiting a Year To Buy Could Cost You
Weekend fun at home together. Rear view of a mixed race couple standing in the garden, embracing and looking at the house If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be...
Is a 20% Down Payment Really Necessary To Purchase a Home?
Confrontation of two different size piggy bank on yellow background. There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is...
Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?
Businessman looking at smartphone while sitting at counter in office coworking space working on project on laptop A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater...
Is It Time To Move on to a New Home?
If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008,...
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Have You Ever Seen a Housing Market Like This? [INFOGRAPHIC]
Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around.Buyers can take advantage of today's mortgage rates to escape rising rents and keep monthly...
5 Tips for Making Your Best Offer
Lesbian couple at home using digital tablet In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall,...
Make Your Best Offer
The Truth About Today’s Buyer Demand When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts. Those of us in the...
Why It’s Still Safe To Sell Your Home
Deutschland,Baden-Württemberg,Mannheim,umzug,lifestyle If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic....
Is the Number of Homes for Sale Finally Growing?
US Regional Needs An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last...
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Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]
Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for.It takes professionals who study expert...
Home Price Appreciation Is Skyrocketing in 2021. What About 2022?
Exterior view of custom built home with exterior lighting and manicured landscaping. One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the...
Understand Your Options To Avoid Foreclosure
Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time...
Reasons You Should Consider Selling This Fall
If you're trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers' market we're in today won't last forever. If you’re thinking of making a move, here are four reasons to put your house up...
![Your Agent Is Key When Pricing Your House [INFOGRAPHIC]](https://housingcoach.com/wp-content/uploads/2021/10/image-400x250.png)
Your Agent Is Key When Pricing Your House [INFOGRAPHIC]
Your Agent Is Key When Pricing Your House [INFOGRAPHIC] Some Highlights Pricing your house right takes market experience and expertise.To find the best list price, your agent balances current market demand, values of homes in your neighborhood,...