KM Realty Group LLC Chicago

Here’s an intriguing fact: on a daily basis, roughly   11,000 homes   are sold across the United States! If you have been hesitant to put your house up for sale, believing that there’s a lull in the buyer’s market, think again. Despite a relative calm compared to a few years ago, the housing market is far from stagnant. According to the National Association of Realtors (NAR), at the current pace, we can expect over 4 million homes to be sold in just this year. What does this mean in real-time? Approximately 11,397 houses are sold every day, that’s nearly 8 homes per minute! But that’s not all — in neighborhoods like yours, houses are being sold right now, and sellers are reaping amazing benefits. Buyers, too, are actively scouring the market for their perfect home. Your potential buyer could indeed be just a few blocks away. And here’s the deal, in the city of Chicago, the dynamic nature of the real estate market is evident. We are well-equipped to provide valuable insights ab...

Confused about how inflation affects your mortgage? Don't worry, you’re not alone. Decoding economic trends can be daunting, especially when you're planning to buy a home. However, the repercussions of inflation on mortgage rates can't be ignored. Chicago's KM Realty Group is here to simplify things for you. In the face of burgeoning inflation, the Federal Reserve has been striving to bring it down through various measures. While we've seen inflation cool down for twelve consecutive months, the figures remain higher than the Federal Reserve's target of 2%, creating waves across the housing market. Why does this matter? Because this inflation trend brings with it fluctuations in the Federal Funds Rate, a key element impacting mortgage rates. Contrary to what you might initially think, movements in the Federal Fund Rate have crucial implications for mortgage rates. Decisions made by the Federal Reserve can subtly influence economic activity, and consequently, the...

What does the future of the housing market hold? Every real estate dealer, buyer, and enthusiast is fixated on this intriguing question. As we journey through 2023, KM Realty Group LLC brings you the most accurate forecast of the housing market you can depend on. Home prices are witnessing an uptrend again in several regions. Current expert forecasts indicate optimistic predictions for price increases. And the question that looms large is about the mortgage rates. In the event of rising inflation, the historical data suggests a potential relief in terms of easing rates. The real estate market, however, is not without challenges. Low inventory continues to pose a big hurdle. But there’s a positive outlook: experts project around five million homes will sell by the end of the year. This pace could potentially increase if the rates decrease, providing a stimulus to the housing market. Given these trends and shifts in the housing market, it is crucial to stay informed and strategize appr...