Americans Are Sitting on Tremendous Equity
More than half of homes in America have at least 50% equity. Wondering how much equity you have? Let's connect.
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Let's Find Your Dream Home! A Home You Will Love. Keith Kreis with Charles Rutenberg Realty is the ultimate source for buyers and sellers in the Plainfield, Bolingbrook, Naperville, and Oswego area.
More than half of homes in America have at least 50% equity. Wondering how much equity you have? Let's connect.
With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy ...
Continue ReadingIs this summer the right time to sell your home? Wondering if you should put your house on the market today? Check out this video for the best reasons to list your house this summer!
Some Highlights The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power. Let’s connect if you’d like expert guidance on exploring your homebuying ...
Continue ReadingForbearances have stayed well under the rate experts initially forecasted. Let's connect if you have questions about your options.
You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, ...
Continue ReadingWhether you are buying your first home, or selling your house to move up to the home of your dreams, finding the right agent to help you on your journey should be your first step! Look for someone who guides you with the 'heart of a teacher' and keeps your goals top of mind. Let's get together to chat about all the ways we can make your dreams come true!
Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at ...
Continue ReadingWaiting until spring to list your house no longer makes sense. Most listings come to market between April and June, so waiting to list means you'll be met with a ton of competition. Let's get together today to discuss why it makes more sense to list your house now!
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place. After the ...
Continue ReadingAs home prices continue to appreciate, many potential buyers and sellers aren't sure what it really means for them. It's important to understand, however, that rising prices also means rising equity. Let's get together to discuss how rising prices and appreciation may impact you.
Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow: “In 2020, homes went from ...
Continue ReadingStudies show that over 50% of homeowners love their homes and have no plans to sell. What's holding you back from finding your forever home? Let's get together so we can find you your dream home today!
Some Highlights According to trending data, searches for key real estate topics are skyrocketing online. Clearly, lots of people have questions about buying a home, and other topics related to the process. Working with a trusted real estate professional will help you create the most personalized and helpful experience. Let’s connect so you have the ...
With so much extra time being spent at home, your family may be putting bigger demands on your house than it can handle. Let's connect to find the perfect home that's able to meet your needs.
Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely. ...
Continue ReadingMany buyers are worried about finding a home they like or being able to afford a home as interest rates continue to rise. If you're a potential homebuyer who's on the sidelines because of what you're hearing in the media, don't let these myths derail you. Let's get together to discuss your ability to purchase a home.
The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of ...
As home prices have continued to rise across the country, so has home equity. If you're looking to sell your house and move up to your dream home, right now is a great time to use your equity to do so. Let's get together today to go over how much equity you have in your house right now!
In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research ...
Continue Reading about buying dream homeBefore making any big purchases, moving money around, or making any big-time life changes, consult your loan officer. They will be able to tell you how your decision could impact your home loan.
The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the ...
Continue ReadingThings are moving quickly in today's real estate market, but the numbers are looking good for both buyers and sellers. Let's connect to make sure you have what you need to achieve your housing goals this year.
Some Highlights Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant. Let’s connect to determine the best way to position your family ...
Continue ReadingIf you want to sell your home soon, it's worth putting in the work now. Let's get together to chat and start the process!
Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why. According to the Mortgage Monitor Report ...
Continue ReadingMany people assume their credit score is too low to qualify to purchase a home. In reality, 84% of Americans have a credit score that would allow them to become homeowners.! If you'd like to find out more about what your credit score really means, let's get together to chat about the opportunities.
With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of ...
Continue ReadingHouses are selling quickly, and sometimes competition is driving multiple offers. If you're looking for your dream home, let's get together to discuss how pre-approval gives you a competitive edge when you get to the offer stage.
Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two. The Biggest Perk for Buyers: ...
Continue ReadingHomeownership has a number of compelling benefits. Let’s get together to make your dream a reality if you are ready to buy a home of your own!
Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the unemployment rate to fall to 10.5%. When the official report came out, it revealed that 1.8 million jobs were added, and ...
Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment. Let’s connect today if your needs have recently changed ...
Continue ReadingExperts are raving about the amazing recovery the housing market has made. Let's connect to plan the best move you and your family can make this year.
With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? ...
Continue ReadingWe’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. ...
Continue ReadingToday’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply ...
Continue ReadingAmerica has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential ...
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