Midwest Real Estate Data LLC

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new … … Continue reading →

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • August tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, but there are enough parents that do not want to uproot their children during the school year to historically create a natural market cooldown before any actual temperature change. Competition is expected to remain […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Illinois REALTORS® has released the statewide July 2017 housing report. “It continues to be a strong summer for sellers. Homes are selling at a record pace, averaging just 47 days on the market statewide—with the median price up 5.8%. Low housing inventory drove up buyer competition and prices—in July, there was a 12.6% decrease in […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • How long can the residential real estate market go on like this? We are about two years into a national trend of dropping housing supply and increasing median sales prices. There are some regional variations to the story, but the shift to a predominantly seller’s market is mostly complete. Multiple-offer situations over asking price are […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • There has been a general slowdown in sales across the country, and this cannot be blamed on negative economic news. Unemployment remains low and wage growth, though nothing to overly celebrate, has held steady or increased for several years in a row. There is strong demand for home buying, emphasized by higher prices and multiple […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Statewide home sales picked up in May and properties sold quickly even as median prices tracked higher than a year ago, according the latest report from Illinois REALTORS®. Statewide home sales increased 3.8 percent to 17,077 homes sold and the statewide median price rose 8.3 percent to $209,000. Find market talking points and the forecast, […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Home prices across the U.S. are reaching all-time highs, prompting worry over another boom-and-bust scenario like we experienced roughly ten years ago. Yet, as we glance across the state of residential real estate, what is clear compared to the last extended run of price increases is that lending standards are now much stronger than they […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • The employment landscape and wages have both improved over the last few years, allowing for more people to participate in the home-buying process. When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a home. Houses […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Renters paying the median U.S. rent could afford a house that is 50 percent more expensive than the median U.S. home value, according to a new Zillow study. The study found that with an increase in rent prices across the country and low interest rates, many renters could afford pricier-than-average homes in their current cities […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. Blog post via KCM Blog

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • We can comfortably consider the first quarter to have been a good start for residential real estate in 2017. There was certainly plenty to worry over when the year began. Aside from new national leadership in Washington, DC, and the policy shifts that can occur during such transitions, there was also the matter of continuous […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • You asked, we listened! Based on your feedback, some major changes and upgrades have been made to photos and the Private Listing Network (PLN)! Photo Highlights: Unlimited photos per listing (think before you print!) High Definition (HD) photos Restrict selected secondary photos from being distributed to third party websites (ex. IDX, realtor.com, etc.) when the […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to qualify for a […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • January brings out a rejuvenated crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the year due to ongoing inventory concerns. Continued declines in the number of homes available for sale may push out potential buyers who simply cannot compete […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive. However, let’s look at this […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist […]

Midwest Real Estate Data LLC
Midwest Real Estate Data LLC
Blog Post
  • Most of 2016 offered the same monthly housing market highlights. The number of homes for sale was drastically down in year-over-year comparisons, along with days on market and months of supply. Meanwhile, sales and prices were up in most markets. Unemployment rates were low, wages improved and, as the year waned, we completed a contentious […]

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