Lilia Salazar Real Estate Broker Coldwell Banker

02/15/2022

Are you thinking of selling your home and have questions about how to get it ready? Contact me today to set up a sellers counseling session, and we’ll discuss ways to get the best sales price for your home.

07/25/2020

Open house Today Saturday July 25 from 1 to 4
come and check it out
Venga y visite

28W320 Judith Court is currently listed at $365,000 on Homesnap. View 24 photos of this 3 bed, 2+ bath, 1732 Sq Ft home in West Chicago, IL.

07/17/2020

Interest Rates may continue to drop, but loans are becoming harder to get even when you have good credit. keep up the good score.
Las tasas de interes continuan bajando, pero esta siendo mas dificil conseguir prestamos, incluso cuando se tiene buen credito. Hay que mantener el buen credito.

05/10/2020

Happy mother's day even in quarantine. Enjoy!
Incluso en cuarentina, que tengan un Feliz Dia de las Madres. Disfruten al maximo.

05/01/2020

Why COVID-19 home prices are unlikely to hit 2008 levels
While the national median home price has remained steady at about $320,000 over the last 6 weeks, Fannie Mae and Freddie Mac both predict a decline through the end of the year. Year-over-year price growth has already started to slow down, with prices for the week of April 12th only 0.3% higher than last year compared to 0.8% the previous week.

There are a few reasons, however, that the current environment shouldn’t conjure up memories of 2008’s housing collapse.

First, according to new research by Zillow, historical evidence suggests that pandemics don’t necessarily lead to significantly lower home prices. During China’s 2003 SARS outbreak, for example, home prices were relatively stable. And even though the number of homes bought decreased as much as 72%, that number “snapped back” to normal when the pandemic passed.

Second, home prices are not likely to be driven down by excess supply as they were in 2008. The number of vacant homes for sale was near a 20-year low before COVID-19, compared to a 48% higher supply leading up to the housing crisis.

chart

Source: FRED

The supply of new homes is also growing at a lower rate with new construction decreasing by 23% in March.

Third, better safeguards for homeowners make “fire sales,” like the ones that drove down prices in 2008, less likely to occur. Thanks to tighter lending standards and a huge decrease in the amount of debt payments relative to income, households are generally better set up for mortgage repayment than they were ten years ago. And, with newly instituted mortgage forbearance programs and moratoria on foreclosures providing relief from financial hardship, far fewer homeowners will lose their homes or be forced to sell.

02/14/2020

Happy Valentine's Day. I post it today because tomorrow everyone will be very busy. Enjoy!

02/08/2020

Getting pre-approved is crucial for knowing what type of home you can afford. Ready to begin the home buying journey? Let me know and I can guide you through the process.
Ser aprobado para comprar una casa es crucial. Te ayuda a saber cuanto puedes permitirte invertir en una casa.
Estas listo o lista? Hablame, te puedo a guiar en el proceso.

01/20/2020

There are many different loan options out there, and all with different requirements. It can be hard to know what is best for you, but I can help! Message me to get started with the homebuying process today!

Hay muchas opciones de prestamos y todas tienen diferentes requisitos. No es facil saber cual es la mejor opcion para usted pero yo le puedo ayudar. Texto, email o una llamada y podemos empezar el proceso cuanto antes.

12/27/2019

There's no bad reason for a home improvement project. What was the last home improvement project you did? I just did my flooring. It looks great

11/28/2019

Thank you God for all the things good and bad that you give us and also for what you don't give us.

I'm thankful to have such an amazing job helping others find their dream homes. What are you thankful for?

11/11/2019

Remembering them, wherever they are around the world.

10/29/2019

Buying or selling a home can seem like a scary process, but it doesn't have to be! Let me help you rest easy - send me a message so we can get started!