Galina Persky Advisors North Compass

Galina Persky Advisors North Compass Representing sellers and buyers

06/27/2022

In the first quarter of 2022, investors made up a record 28% of single-family home sales, according to a report published last week by the Harvard Joint Center for Housing Studies. That's up from 19% in the first quarter of 2021. It's also far above the 16% that investors made up of single-family home sales between 2017 and 2019. I

04/27/2022

Whirlpool saw waning demand for its appliances which may indicate that higher interest rates are already scaling back the excessive demand surge post COVID. While sales fell 8.2% in its first quarter of 2022 compared with the same quarter in 2021, revenue over the 3 months remained 14% higher which showcases again that many prices have been raised much further than the higher costs related to higher inflation to produce these goods. Demand is still 24% above 2019 levels. (WSJ)

03/08/2022

Fannie Mae projects home prices will rise 4.2% in 2023 after rising 11.2% in 2022—with the median existing home price jumping to $395,000. And who is everyone blaming? The Millennials of course! 🙄 This demographic has been delayed entering the home buying arena, but now they are out in full force! (Fortune)

02/21/2022

Over the past 54 years, long-term U.S. annual home price appreciation has remained around 4%. We’ve been well above the 4% trend line since 2012. Over the past 3 years, annual home price appreciation has reached 17% and more in some areas.

02/11/2022

The average 30-year fixed mortgage rate increased 14 basis points to 3.69% this week, its highest point since the first week of 2020.

02/10/2022

National (NAR)

- National home sale prices in December 2021 averaged an increase of 15.8% from December 2020, marking the 118th straight month of year over year increases.

- Total national housing inventory continued to decrease in December 2021, down 14.2% and 18%, compared to December 2020 and November 20201, respectively.

12/14/2021

"Rates will rise with absolute certainty,

and it will happen soon. A small

correction will not necessarily be a bad

thing." - James Gorman, CEO Morgan Stanley

11/02/2021

Interesting facts: In 2020, about 28% of real-estate transactions could be characterized as downsizing. The majority of these sales were made by buyers 55-plus. It seems everyone is competing for the same product of which there is an under-supply! The share of older homeowners with debt has steadily increased over the past decade, rising to 55.4% in 2019 from 33.2% in 2007. Many older homeowners are deciding to age in place as their homes have escalated in value over the decades and may now cost them less than downsizing/buying a smaller house. Capital gains taxes factor into this decision too and some homeowners are facing enormous bills due to enormous gains. (NAR/WSJ)

Just listed in Palatine📍 1209 N Winslowe Dr Unit 203, Palatine, IL 60074💰 $144,900🏡 2 bedrooms 1 bathroomsList Broker: ...
10/30/2021

Just listed in Palatine
📍 1209 N Winslowe Dr Unit 203, Palatine, IL 60074
💰 $144,900
🏡 2 bedrooms 1 bathrooms
List Broker: Galina Persky

10/24/2021

About Zillow. I just received it from Compass, " * ZESTIMATE update.....the ZESTIMATE on Zillow for a massive 12,000sf home that sold next to me in Greenwich, CT is $264,400.00.....a BARGAIN!......it sold earlier in 2021 for over $18 million.....Zillow shows that is sold for $250,000 in May, 2021. My home shows on Zillow as having sold for $1 million more than we paid for it in February this year......hmmmmm......Zomething is horribly wrong! Zad! There are stats and then there are Ztats! "

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3137 Dundee Road
Northbrook, IL
60062

Telephone

+18476121996

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