Why Have Interest Rates Dropped? The headlines agree mortgage interest rates have dropped substantially below initial projections. Many who are considering purchasing a home, or moving up to their dream home, might think that they should wait to buy, because rates may continue to fall. A recent article on the Economists’ Outlook blog by the National Continue Reading
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Buying a Home Remains 38% Less Expensive than Renting!
In Trulia’s latest Rent vs. Buy Report, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 17% in Honolulu, all the way to 63% in Detroit, and 38% Nationwide! This is up from an average of only 5% Continue Reading
4 Things You May Want to Know about Chicagoland Housing Market
Lasted market Analysis from Illinois Association of Realtors revealed Chicagoland’s housing market through March 2014. Chicago Agent Magazine summarized into four main takeaways from the report: 1. Home sales are still falling – Though the weather may be improving now, Chicagoland’s home sales numbers in March, which stem from contracts signed in January and February, still showed a decline of Continue Reading