Friday, September 19, 2014

Illinois Home Buying in 2015 - Interest Rates

Illinois Home Buying in 2015 - Interest Rates

Where Do The Experts Think Interest Rates Will Be This Time Next Year?

Here are the latest projections for the third quarter of 2015 directly from the experts themselves.



Mortgage Rate Projections:

  • Fannie Mae projection 4.6%
  • Freddic Mac projection 4.8%
  • Mortgage Banker Assoc projection 5.2%
  • National Assoc of Realtors projection 5.2%

Click here to search Northern Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

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

      

Illinois Home Buying in 2015 - Interest Rates

Home Sales Generate $52,205 Impact on Economy

Home Sales Generate $52,205 Impact on Economy 



The National Association of Realtors (NAR) compiled data from research conducted by the Bureau of Economic Analysis & Macroeconomic Advisors on the economic impact of a home purchase.

After reviewing the data, they concluded that the total economic impact of a typical home sale in the United States is an astonishing $52,205.

Here is the breakdown of their report:

Economic Contributions are derived from:

  • Home construction
  • Real estate brokerage
  • Mortgage lending
  • Title insurance
  • Rental and Leasing
  • Home appraisal
  • Moving truck service
  • Other related activities

When a House is Sold in the United States:

$15,912 of income is generated from real estate related industries.

New homeowners spend an additional $4,429 on consumer items such as furniture, appliances, and remodeling.

It generates an economic multiplier impact. There is a greater sense of community associated with owning a home; therefore there is greater spending at restaurants, sports games, and charity events. The size of this “multiplier” effect is estimated to be: $9,764

Additional home sales induce additional home production. Typically one new home is constructed for every 8 existing home sales. Therefore, for each existing home sale, 1/8 of new home value is added to the economy, which is estimated in the U.S. to be: $22,100

When you add the numbers up it comes to $52,205!

Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

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

      

Home Sales Generate $52,205 Impact on Economy

40418 N South Newport YouTube Drone Video

Antioch Home for Sale: YouTube Drone Video

Newport Cove

40418 N South Newport, Antioch IL 60002





Click here to search Antioch Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

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

      

40418 N South Newport YouTube Drone Video

Thursday, September 18, 2014

Notting Hill Gurnee Drone Video

Notting Hill Gurnee Drone Video 

The Estates at Churchill Hunt 

5316 Notting Hill, Gurnee IL 60031






Click here to search Gurnee Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

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 

      


Notting Hill Gurnee Drone Video

Wednesday, September 17, 2014

21230 West Engle Drive LAKE VILLA, IL 60046

New listing just posted: http://tour.illinoisproperty.com/home/H9SMY5
This ranch style house is a great first home or investment opportunity. The big living room with a picture window opens to the kitchen with room for your table. Three bedrooms with a big master bedroom. Laundry room in home. Large two car garage on a double lot. Covered front porch. Fenced back yard. Newer roof. Venetian Village neighborhood with parks, lakes. Home is approx 1016 sq ft. Yard is a little over 1/3 acre. Grade school district 41 and Grayslake North high school district 127. Close distance to forest preserve. Near shopping and restaurants. Near Metra train for your work commute.
Home information
Bathrooms: 1.00
Square feet: 1,016
MLS #08709428

33109 North John Mogg Road GRAYSLAKE, IL 60030

New listing just posted: http://tour.illinoisproperty.com/home/AU4U2M
This gorgeous home is a pleasure to see! Youll love the great location - walking distance to the neighborhood beach and park. Wooded lakeside community offers boating, swimming, fishing and lake rights. Beautifully updated home throughout. Arched entryway from the formal dining room into the living room with a large bay window. Enjoy cooking in the gourmet kitchen updated with granite counters and new cabinets. Plus theres room in the kitchen for your breakfast table. Tile flooring and crown molding in the foyer, living room, dining room and kitchen. Big family room with crown molding and a new sliding glass door to the patio and fenced backyard. Updated half bath off the family room. Upstairs the master bedroom has a luxury bath updated with a whirlpool tub, tile surround, tile flooring, new vanity cabinet with new granite top. Two additional bedrooms on the second floor. Second full updated bath including a granite countertop off the upstairs hallway. The 4th bedroom and a newly updated 3rd full bath are located on the lower level. The finished English basement has a great room with new wood flooring, and makes a perfect home office, exercise room or playroom. Laundry room with utility sink. Additional 325+ sq ft of walk in crawl space storage. New furnace in 2013. New AC condenser in 2012. All new interior paint in 2012 and 2013. New first floor and second floor windows plus a new sliding glass door in 2012. New hot water heater in 2009. New light fixtures. New door hardware. Updated baths. Hardwood floors underneath carpeted stairs and second floor carpeting. Large patio, fenced backyard and raised garden. Attached two car garage with extra side driveway area for additional parking. Wildwood subdivision. Home is approx 2386 sq ft. Woodland grade school district 50 and Warren Township high school district 121. Just minutes to the Metra train for your work commute. Near shopping, hospital, restaurants and entertainment. Close to parks and schools. This home is very clean and well-kept with no pets and no smoking. A must see home!
Home information
Bathrooms: 4.00
Square feet: 2,386
MLS #08709344

359 Niagara Drive VOLO, IL 60073

New listing just posted: http://tour.illinoisproperty.com/home/6TFSAG
This beautiful ranch home offers peaceful water views from every room! Relax on the backyard patio overlooking the pond. Youll love this open spacious floor plan with cathedral ceilings. Large living room opens to the kitchen and dining room. Upgraded 42" kitchen cabinets. In the kitchen there is plenty of cabinet and counter space available. Sliding glass doors lead to the patio overlooking the pond. The master bedroom offers pond views and has a big walk in closet and a full private bath with double sinks. Two additional bedrooms in the home with a second full bath located off the hallway. Large laundry room. Attached two car garage. White six panel doors and trim. Symphony Meadows subdivision. Built in 2013, this home is still brand new. Ranch home is approx 1575 sq ft. Wauconda grade school and high school district 118. Close to shopping and restaurants. Near Route 12 for your work commute. Symphony Meadows neighborhood has 130 acres of open space with parks, trails, natural conservation areas and ponds.
Home information
Bathrooms: 2.00
Square feet: 1,575
MLS #08709144