This week’s economic data, including existing home sales, jobless claims, GDP growth, and the PCE inflation report, may influence mortgage rates that are hovering around 7%. Higher inflation or strong economic indicators could lead to sustained or increased rates, prompting buyers to consider locking in rates early.
Category: Real Estate Trends
Week Ahead: Economic Factors Driving Up Mortgage Rates
Mortgage rates are facing upward pressure as the bond market reacts to a resilient U.S. economy. Last week’s employment report showed better-than-expected job gains, pushing the 10-year Treasury yield near 5%. Rising energy prices are also adding to inflationary pressures, making it less likely for the Federal Reserve to ease interest rates soon. This week,…
Chicago Housing Market Predictions for 2025
As we approach 2025, the Chicago housing market is expected to remain competitive but with some key shifts that both buyers and sellers should keep in mind. In summary, while Chicago’s housing market will continue to present challenges in 2025, particularly in terms of affordability and inventory, buyers can expect more favorable conditions compared to…
Why Local Chicago Agents Are Essential for Home Buying in 2024 – They are your Secret Weapon
Chicago Real Estate Agents: Your Secret Weapon for Buying a Home in 2024
Navigating Chicago’s housing market in 2024 is no easy feat, especially for first-time homebuyers. With inventory tight and competition fierce, it can feel overwhelming to find the right home and secure it before someone else does. That’s where the expertise of a local real estate agent comes in. More than just a guide, a knowledgeable agent is your secret weapon—here’s why:
A Few Simple Ways To Upgrade The Kitchen Pantry
During the past few months, people have been spending much more time at home than usual. Therefore, many people are looking for ways to upgrade their homes. A common area of focus is the kitchen. Even though many people are thinking about upgrading cabinets and countertops, the kitchen pantry should also be a target for home improvement. There are a few simple ways that everyone can improve their kitchen pantry.
Case Shiller, FHFA Report Uptick In Home Price Growth In September
Case-Shiller’s National Home Price Index showed 3.20 percent national home price growth in September, which was 0.10 percent higher than August’s reading of 3.10 percent. The 20-City Home Price Index showed the continued impact of exorbitant home prices on both coasts as home price growth slowed in high-cost areas and smaller markets experienced upward pressure on home prices as home buyers were seeking affordable homes.
Emma Butler Group- Mortgage Tips & Community 