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Palos Park Real Estate Property Sales – November 2014

Palos Park – Property Sales for Single Family Homes

November Property sales were 5, up 66.7% from 3 in November of 2013 and 25.0% higher than the 4 sales last month. November 2014 sales were at their highest level compared to November of 2013 and 2012. November YTD sales of 65 are running -5.8% behind last year’s year-to-date sales of 69.

Would you like to know specific market activity for your neighborhood or property type? Contact us via the contact form on the right side of this site.

Homer Glen Real Estate Property Sales – November 2014

Homer Glen – Property Sales for Single Family Homes

November Property sales were 15, up 15.4% from 13 in November of 2013 and -11.8% lower than the 17 sales last month. November 2014 sales were at a mid level compared to November of 2013 and 2012. November YTD sales of 192 are running -4.0% behind last year’s year-to-date sales of 200.

Orland Park Real Estate Property Sales – November 2014

Orland Park – Property Sales for Single Family Homes

November Property sales were 33, up 32.0% from 25 in November of 2013 and 17.9% higher than the 28 sales last month. November 2014 sales were at their highest level compared to November of 2013 and 2012. November YTD sales of 375 are running -9.4% behind last year’s year-to-date sales of 414.

Would you like to know specific market activity for your neighborhood or property type? Contact us via the contact form on the right side of this site.

Giving Tuesday

Today is Giving Tuesday – a global day dedicated to giving back…and to celebrate generosity. Check out this video:

Let’s all come together and give something today…and every day we can. Here are some of the many organizations we support: Ronald McDonald House Charities (one of Coldwell Banker’s charitable organizations, too), One Tail at a Time, PAWS Chicago, TLC Animal Shelter, Will County Humane Society, P.A.W.S. Tinley Park, The Humane Society of the United States, ASPCA, Best Friends Animal Society (we love animals and supporting animal welfare organizations) and various families in need. Click on the links above to see how you can help make a difference!

#GivingTuesday.

 

Mortgage Rates Below Four Percent

Fixed-rate mortgages fell back near yearly lows again this week, lowering borrowing costs for home buyers and refinancers. The 30-year fixed-rate mortgage averaged 3.99 percent this week, Freddie Mac reports in its weekly mortgage market survey.

“If you are planning to buy a home in the next year, it’s better to do it sooner rather than later,” Frank Nothaft, Freddie Mac’s chief economist, said in the video commentary embedded here.

Freddie Mac reported the following national averages with mortgage rates for the week ending Nov. 20:

  • 30-year fixed-rate mortgages averaged 3.99 percent, with an average 0.5 point, dropping from last week’s 4.01 percent average. The 30-year fixed-rate mortgage dipped to 3.97 percent in mid-October, its lowest average so far this year.
  • 15-year fixed-rate mortgages averaged 3.17 percent, with an average 0.5 point, decreasing from last week’s 3.2 percent average. A year ago, 15-year rates averaged 3.27 percent.
  • 5-year hybrid adjustable-rate mortgages averaged 3.01 percent, with an average 0.5 point, falling slightly from last week’s 3.02 percent average. A year ago, 5-year ARMs averaged 2.95 percent.
  • 1-year ARMs averaged 2.44 percent, with an average 0.4 point, inching up slightly from last week’s 2.43 percent average. Last year at this time, 1-year ARMs averaged 2.61 percent.

Source: Freddie Mac

Fall & Winter Holidays = A Great Time to Buy or Sell

snowThis is one of the busiest Novembers for us, which is great. In our experience, the drop in temperatures and holiday preparations have not slowed down the local real estate market in the Chicago area. In the last couple weeks, five of Judy Glockler’s listings have gone under contract, with two-three more in the works.

For people looking to sell their home, most we know are not hesitating to show during the holiday time. It may be a busier-than-usual time for some, but keep in mind: if buyers are out looking now, chances are they are motivated to buy.

Check out this post on five reasons to sell your home during the holidays.

Orland Park – Holiday Light Recycling

Temperatures are supposed to increase this weekend, making it a good time to put up those holiday lights. When you’re testing out last year’s lights or lights you may already have and they don’t work – please recycle them.

Recycle your lights, from November 4 to February 16, at various locations throughout Orland Park, including the Franklin Loebe Center, Sportsplex and more. See below for details.

Orland Park light recyclingOrland Park light recycling2

Checklist: Nine Steps to Stress-Free Home-Buying

Are you a first-time home buyer? Or maybe it has been a while since you’ve bought a home. The process does not have to be stressful. Being prepared, organized and knowing next steps will help. LearnVest has a great checklist for those looking towards home ownership.

home with keysSTEP ONE: Before you even contact and Agent and start looking at properties, know what you can actually afford. You will need a loan pre-approval first (from a bank/lender showing your max purchase price, type of loan, etc.).

For more information on the loan process and to see the other steps to home buying, click here to go to LearnVest.


Five Reasons to Sell Your Home Over the Holidays

5-reasons-to-sell-during-the-holidays-177818911

With the fall/winter holidays right around the corner, most people get busier. If you are thinking of selling, now may a great time. You may think it’s counter-intuitive to sell during the holidays or winter, but…

Here are 5 reasons why the holidays are the right time to sell your home:

– According to Bankrate.com, interest rates are down to an 18-month low and buyers are taking advantage of these historically low rates.
– There is less competition from other sellers.
– Buyers may want to close quickly in order to move in before the holidays.
– Buyers who are looking now are serious about purchasing.
– Cozy holiday décor may make your home attractive to buyers.

 

(post originally shared by Lana Simon at Coldwell Banker)