Jack Sheahan EXP Realty

02/25/2025

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10/04/2023

Happy Halloween! Spooky market update for Chicago. If you know anyone who is interested in the market or has questions please have them reach out!

Don't miss out on good info! Join my Keep in Touch List and select me as agent https://ruthsheahan.com/kit

01/02/2023

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.

10/03/2022

Some Highlights If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers. Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re r...

09/20/2022

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase i...

09/18/2022

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Clever open house strategy 😂💯

(Thanks to Heather Gill for the pic!)

09/18/2022

https://www.bloomberg.com/opinion/articles/2022-09-14/homebuyers-might-as-well-take-the-plunge

Worth keeping in mind that changes in rates may influence demand and subsequently drive some price reductions, but only so much as the current supply reality will allow-- basically, A lower priced home is not a guaranteed lower monthly payment when you factor in rate increases.

"in the first week of September, taking into account mortgage rates and home prices, buyers are committing to the same level of monthly payment — on average just over $2,300 — that they did in early May."

Affordability isn't going to get any better as shrinking inventories ensure prices will rise even if mortgage rates eventually fall.