Saturday, March 28, 2015

Red Top, Libertyville 5 Bedroom Home for Sale: Beautiful Home and Yard

Red Top, Libertyville 5 Bedroom Home for Sale: Beautiful Home and Yard

639 Paddock Lane, Libertyville IL 60048




Click here to search Libertyville Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

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Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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Red Top, Libertyville 5 Bedroom Home for Sale: Beautiful Home and Yard

Symphony Meadows, Volo: Ranch Home for Sale Overlooking Pond

Symphony Meadows, Volo: Ranch Home for Sale Overlooking Pond

359 Niagara Dr, Volo IL 60073




Click here to search Volo Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

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Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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Symphony Meadows, Volo: Ranch Home for Sale Overlooking Pond

Thursday, March 26, 2015

Buying an Illinois Home in 2015 - New Low 3% Downpayment Mortgage

Buying an Illinois Home in 2015 - New Low 3% Downpayment Mortgage 

Freddie Mac is scheduled to start buying mortgages with down payments of only three percent – the first time down payments have been this low on Freddie Mac loans in nearly five years.

The program is called Freddie Mac Home Possible Advantage.

In a recent Executive Perspectives, Dave Lowman EVP, Single-Family Business Freddie Mac, explained the potential impact this program will have on the housing market:

“There's a new reason Realtors and lenders may expect more qualified borrowers at the closing table during this spring's home buying season. In addition to low mortgage rates and rising job growth, the down payment hurdle is starting to shrink for creditworthy borrowers, including first-time homebuyers.”

And the mortgage industry agrees with Mr. Lowman.

In a recent survey of mortgage originators by the National Association of Realtors (NAR), it was revealed that most loan officers believe the move to a lower down payment will increase access to mortgage credit.

Here are that survey’s findings:


Many potential buyers are “ready and willing” to buy a home but have been afraid they may not be “able” because of a lack of adequate savings for a down payment.

Click here to search Lake County Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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Buying an Illinois Home in 2015 - New Low 3% Downpayment Mortgage

Selling Your Lake County Illinois Home in 2015

Selling Your Lake County Illinois Home in 2015

The National Association of Realtors (NAR) released their latest Existing Home Sales Report this week.

Amidst reporting on the fact that sales of existing homes rose 1.2% from January, and outpaced year-over-year figures for the fifth consecutive month, was the news that total unsold housing inventory is at 4.6-month supply.

This is down 0.5% from last February and remains below the 6 months that is needed for a historically normal market.

Consumer confidence is at the highest level in over a decade.

Pair that with interest rates still under 4%, new programs available for down payments as low as 3%, and you have an attractive market for buyers.

Buyer demand for housing remains twice as high as this time last year.


February marked the 36th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $202,600 (up 7.5% from 2014).

The chart below shows the impact that inventory levels have on home prices:



NAR’s Chief Economist, Lawrence Yun gave some insight into the correlation:

"Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices. Stronger price growth is a boon for homeowners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before (interest) rates rise."


If you are debating putting your home on the market this year, now may be the time.

The amount of buyers ready and willing to make a purchase is at the highest level in years.

Click here to search Lake County Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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Selling Your Lake County Illinois Home in 2015

Wednesday, March 25, 2015

River Park, McHenry - 4 Bedroom Home for Sale with Pond

River Park, McHenry - 4 Bedroom Home for Sale with Pond

119 Geneva Lane, McHenry IL 60051




Click here to search McHenry Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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River Park, McHenry - 4 Bedroom Home for Sale with Pond

Mystic Cove, Antioch - 4 Bedroom Home for Sale

Mystic Cove, Antioch - 4 Bedroom Home for Sale

1180 Bayshore Dr, Antioch IL 60002




Click here to search Antioch Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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Mystic Cove, Antioch - 4 Bedroom Home for Sale

Tuesday, March 24, 2015

Deer Point Trails, Hainesville Home For Sale - Backs to Park

Deer Point Trails, Hainesville Home For Sale - Backs to Park

378 Buck Dr, Hainesville IL 60030




Click here to search Hainesville Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


Deer Point Trails, Hainesville Home For Sale - Backs to Park