What’s Your Home’s Value in Summer 2018?

This summer might be the last opportunity for you to take advantage of rising
home prices and high demand. Here’s why.

Summer is here, which means the high season for real estate. If you've been
thinking of selling your home, you might be in for a golden moment.

However, it might not last long. Let me explain why, with a few details of the
current real estate market.

Right now, homes are selling in record time. This May, it took just 34 days
on average for a home to go under contract, which broke last year's record of
36 days.

Home prices also continue to rise. In fact, they've been rising for six straight
years. For the past two years, this growth has been accelerating. As a
consequence, 27.6% of the homes sold in May sold above their list price.

All of this is due to a woefully short supply of homes on the market. In fact,
the total supply of homes is 5.4% lower this year than it was at the same time
last year.

However, the real estate market might be on the cusp of change.
Mortgage rates have been rising, and now stand near their highest
levels in seven years. As a result, pending home sales were down as of April.
A recent Redfin survey also found a drop in customers touring homes for
the first time in 27 months.

What's going on? The home price surge might be nearing its end. Overall,
home affordability is dropping: Over the past 6 years, there has been a
48% increase in average home prices, while wages increased only 14%.

While some sellers are still managing to sell at higher prices than listed, nearly
a quarter of sellers actually had to lower their prices this April.

If you do decide to sell right now, you would have an easy time of it,
and you could get top dollar for your home. That's because demand and prices
are both still high.

If you decide to wait, things might go south quickly. That’s because the market
may be reaching the limits of price growth and may be stalled by higher
mortgage rates.

If you want to take advantage of current conditions by buying or selling a
home any time in the near future, don’t hesitate to reach out and give me a call
or send me an email today. I look forward to hearing from you soon.

Donate Warm Winter Clothes for Our Veterans

We’d like to encourage you to help us support our Lake County veterans by donating to the Veterans Closet.

If you'd like my free e-book of the Top 10 Credit Do's and Don'ts, you can contact me!

My team and I just wanted to pass along a quick message to encourage all of you to help us support the veterans of Lake County, IL and the Veterans Closet this year.

We would like to ask all of you to please bring your extra coats, gloves, hats, scarves, and socks to our office and place them in the bin right outside of 533 North Milwaukee Avenue in Libertyville, IL. This will ensure a nice, warm, and comfortable winter for the veterans of Lake County this year.

Drop your winter items off in the bin outside 533 North Milwaukee Avenue.

The Midwest Veterans Closet, located in North Chicago, Illinois provides weather-appropriate clothing, personal care items, houseware, furniture, and food from the Food Pantry to disabled, homebound Veterans. For more information on the Midwest Veterans Closet, and to find out what else you can do to help them, visit their website. 
Thank you in advance for helping us support our veterans! If you’d like any more information about ways to support us in our cause, please give us a call or send us an email. We look forward to hearing from you!