Chicago Housing: Affordability and Inventories

Chicago housing market update

The Spring home buying and selling season is nearly upon us. Punxsutawney Phil predicted an early Spring. Hope his weather radar is accurate!

Chicago remains a great place to live and to raise a family. Homes in Chicago are affordable, unlike many other big American cities, and life here gets more interesting every year.

Let's take a look at some of the recent housing industry statistics for Chicago real estate.

First Time Home Buyer? 9 Steps To Take Now

young woman walking dog on city street

Are you looking to purchase your first home?

Here are 9 steps to take to help you decide whether you're ready to make the move:

1. Check the selling prices of comparable homes in your desired area. Do a quick search of actual MLS listings in the area where you would like to live so you have an idea of what you can get for your money.

HOME BUYER FAQ: How much money will I have to come up with to buy a home?

home buyer faq graphic

HOME BUYER FAQ:  How much money will I need to buy a home?

Answer:  It depends on several of factors, such as the price of the home, the type of mortgage you get, and what seller concessions are negotiated in your purchase agreement. In general, you will need to have enough money to cover the cost of (1) earnest money, (2) down payment, and (3) closing costs (the seller can pay all or most of your closing costs, depending on the loan).

Why Hasn't Your Home Sold? . . . The 8 Most Common Reasons

funny frustrated man pulling his hair out

Did your listing expire without selling? Is everybody else's home selling but yours? If you're serious about selling, then you're probably pretty frustrated. It's time to take a fresh approach.

There are reasons your home has not sold that are unique to your situation. Here are the 8 most common reasons a house remains unsold as well as actions you can take to get it sold.

Welcome Tetyana Kovalchuk to our Edison Park office!

Tetyana Kovalchuk announcement

Tetyana is a native Ukrainian, is a resident of the northwest side of Chicago, and speaks 4 languages - Ukrainian, Polish, Russian and English.

With a Master’s in Business Administration and English Language Translation and Education, Tetyana has experience in Business Analysis, Advanced Purchasing Sales and Trade Marketing. 

Tetyana is excited to grow her business and looks forward to using her education background and business experience to help clients sell their home or find their dream home.

Join us in welcoming Sasha Hemmer to our Team!

sasha hemmer announcement

Sasha Hemmer is a long-time resident of the Northwest side of Chicago with 13 years of experience in the title and mortgage industry, giving her unique expertise and insight in the full real estate transaction process.

Sasha is excited to help her clients find that special house that will become home.  Her areas of expertise include the Northwest side of Chicago, Edison Park, Park Ridge, Jefferson Park, Norwood Park, Gladstone Park, Edgebrook and Lincolnwood- to name a few.

What You Need To Know About Radon In Your Home

radon gas illustration

January has been designated as National Radon Action Month by the U.S. Environmental Protection Agency (EPA). To support the efforts of the EPA, we wanted to take the opportunity to provide you with some useful information about radon gas in your home, how much is considered dangerous to your health, and what you should do about it.

Congratulations to our December TOP PRODUCERS!

top producing Chicago agents

We're proud to present our Top Listing and Top Selling agents for the month of December, 2018. Please join us in congratulating them for their hard work and dedication to their client's needs.

 

Top Listing Agents 

Jack Tornabene, Jay Crowley, John Bowler, Laura Herlo, Linda Lee, Manuel Contreras, Marti Corcoran, Pedro Velez, Peter Bellert, Robert Verburg, Tania Diaz and Val Smolinski (list is alphabetized by agent first name) 


Top Selling Agents

Kyle Kollar Blood Drive and Bone Marrow Registry Event!

Kyle Kollar Blood Drive

Please help us by donating blood at our blood drive on December 29, or signing up for the Be The Match marrow donor registry!

Kyle Kollar turned 18 in May and is a recent graduate of Taft High School. He attended Notre Dame for Boys for three years, and graduated from St. Tarcissus in 2014. His hope is to become a pilot, and he is currently a dog walker. He loves animals and is a fantastic uncle, brother, and son.

Please Join Us In Welcoming Eric Cochrane To Our Staff Of Chicago Brokers!

Eric Cochrane announcement

We're exicted to welcome Eric Cochrane to the McMullen Office of Coldwell Banker Residential Real Estate!

Eric has a passion for real estate and has been working in the industry for the past seven years.

Many buyers and sellers love Eric because of his attention to detail, focus on his client's needs, knowledge of the business, and his deep understanding of the different Chicago neighborhoods and suburbs. He grew up in various Chicago suburbs, lived in the Lakeview neighborhood for several years, and now resides in Edison Park on the city's northwest side.