lake county real estate. and then some…

selling homes…a family tradition


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Homeownership finally entered the Presidential race this week…

Regardless of anyone’s political affiliation, it is welcoming to see the importance of living the American Dream, including owning a home, becoming an important topic.  Real estate is an important part of the American economy, not matter which side of the aisle you are on.

Homeownership Finally Makes Political Debate | Keeping Current Matters

This is not a political post!

Finally, the issue of homeownership has become a platform talking point in this year’s presidential debate. Yesterday, one of the candidates running for President spoke out about the importance of homeownership in America.

Hillary Clinton detailed a new economic agenda yesterday. In announcing her new agenda, she remarked:

“Homeownership is about more than just owning a home. It is about putting roots down in a community with better schools, safer streets and good jobs. And it is about building wealth, as homeowners build equity in their home one mortgage payment at a time…We must make sure that everyone has a fair shot at homeownership.”

This post isn’t political!

It doesn’t matter that it was Clinton who said it first. It doesn’t matter that she is a Democrat.

What matters is that EVERY candidate for our country’s highest office realizes the important role homeownership plays in the development of our nation.

The fact that homeownership was finally brought to the forefront of the debate is great news – no matter which way you lean politically.


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265 Meadowlark Circle, Lindenhurst Illinois

Cozy 4 bedroom home situated on interior lot that backs to green space. Nature trail to McDonald Woods Forest Preserve, Bonner Farm, and Millennium Park. Hardwood flooring, granite kitchen, fireplace in family room. Updated master bath. Full basement. Brick patio. Priced to sell at $239,900

To see interior photos, click on the home picture below

https://plus.google.com/+KieronQuaneRealEstateatPropertiesLibertyville/posts/ShU119mZy32


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How much equity is in your home?

While real estate prices are no where near the peak prices of 2004-2007, the market is showing signs of rebounding.  That may mean increased equity in your home.  Wondering if you have what you need to upgrade?  Call me, and I will help you find the answer.

Do You Know How Much Equity You Have In Your Home? You May Be Surprised! | Keeping Current Matters

CoreLogic’s latest Equity Report revealed that 256,000 properties regained equity in the third quarter of 2015. This is great news for the country, as 92% of all mortgaged properties are now in a positive equity situation.

Price Appreciation = Good News For Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

“Home price growth continued to lift borrower equity positions and increase the number of borrowers with sufficient equity to participate in the mortgage market. In the last three years, borrowers with at least 20 percent equity have increased by 11 million, a substantial uptick that is driving rapid growth in home equity originations.” 

Anand Nallathambi, President and CEO of CoreLogic, believes this is a great sign for the market in 2016 as well, as he had this to say:

“Homeowner equity is the largest source of wealth for many Americans. The rise in home prices, expected to be at least 5% in 2016, will continue to build wealth and confidence across America. As this process continues, it will provide support for the housing market and the broader economy throughout [the] year.”

This is great news for homeowners! But, do they realize that their equity position has changed?

study by Fannie Mae suggests that many homeowners are not aware that they have regained equity in their home as their investment has increased in value. For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic’s report shows that only 8% of homes are in that position (down from 9% in Q2).

The study also revealed that only 37% of Americans believe that they have “significant equity” (greater than 20%), when in actuality, 74% do!

Do You Know How Much Equity You Have In Your Home? You May Be Surprised! | Keeping Current Matters

This means that 37% of Americans with a mortgage fail to realize the opportune situation they are in. With a sizeable equity position, many homeowners could easily move into a housing situation that better meets their current needs (moving to a larger home or downsizing).

Fannie Mae spoke out on this issue in their report:

“Homeowners who underestimate their homes’ values not only underestimate their home equity, they also likely underestimate 1) how large a down payment they could make with their home equity, 2) their chances of qualifying for mortgages, and, therefore, 3) their opportunities for selling their current homes and for buying different homes.”

Bottom Line

If you are one of the many Americans who are unsure how much equity you have built in your home, don’t let that be the reason you fail to move on to your dream home in 2016! Meet with a local real estate professional today, who can help you evaluate your situation and assist you along the way!


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Yes, I do a great job.

Yes, I am affiliated with a fantastic company.  But this is not about me, or @ properties, this is about YOU.  All about you.  Want to know how we can help YOU?  Just give me a call 224-206-8813

What You Don’t Need To Hear From Your Listing Agent | Keeping Current Matters

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:

  1. Set the market value on possibly the largest asset your family owns (your home)
  2. Set the time schedule for the successful liquidation of that asset
  3. Set the fee for the services required to liquidate that asset

An agent must be concerned first and foremost about you and your family in order to garner that degree of trust. Make sure this is the case.

Be careful if the agent you are interviewing begins the interview by:

  • Bragging about their success
  • Bragging about their company’s success

An agent’s success and the success of their company can be important considerations when deciding on the right real estate professional to represent you in the sale of the house.

However, you first need to know that they care about what you need and what you expect from the sale. If the agent is not interested in first establishing your needs, how successful they may seem is much less important.

Look for someone with the ‘heart of a teacher,’ who comes in prepared well enough to explain the current real estate market and patient enough to take the time to show how it may impact the sale of your home.

Not someone only interested in trying to sell you on how great they are.

You have many agents from which to choose. Pick someone who truly cares.


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When I bought my first home 25 years ago…

… our interest rate was over 10%.  Today, a homebuyer can get a mortgage for over half of that.  The big question is where are rates going?  Industry speculation is that the interest rates will rise, some experts are predicting it could increase by 1%.  Your buying power is greater with a lower interest rate.  When will you act?

Where Are Interest Rates Headed This Year? | Keeping Current Matters

With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year.

If you look at what the four major reporting agencies are predicting for 2016, it may make the decision for you. The chart below averages the predictions by quarter.

Mortgage Rate Projections | Keeping Current Matters

With the exception of Fannie Mae, the experts agree that interest rates will increase by three-quarters of a percentage point, costing you more to pay back your loan.

Bottom Line

Even a small increase in interest rates can put a dent in your family’s wealth.


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I love watching “Shark Tank”…

…and can appreciate what each one of the Sharks brings to the show.  However, I do hope that Mr. Wonderful is dead wrong on his Millennial assessment on home buying

This Time “Mr. Wonderful” is just WRONG!! | Keeping Current Matters

Recently, on CNBC’s Closing Bell, Shark Tank investor Kevin O’Leary, also known as “Mr. Wonderful,” said Millennials “don’t give a poo-poo about owning a house.” This thinking couldn’t be further from the truth. Let’s give a few examples to make this point.

1.) In the recent National Housing Market Survey conducted by Fannie Mae, it was revealed that:

“…data indicates that millennial renters today have as much desire to own a home as the general population of renters. According to NHS data, the substantial majority of renters age 25-34 say that owning makes more sense than renting from a financial perspective. A majority also agree that owning makes more sense than renting from a lifestyle perspective. The vast majority of millennial renters tell us they plan to own a home at some point in the future.”

2.) A recent Merrill Lynch report found that 81% of Millennials agree that “homeownership is an important part of their personal American Dream”

3.) The most recent H.O.M.E. Survey explained that 85% of Americans ages 34 and under believe that “homeownership is a good financial decision”.

Bottom Line

Kevin O’Leary might be a great white shark when it comes to investing in companies. However, he is just a guppy when dealing with the residential real estate market.


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1142 Vineyard Drive, Gurnee Illinois

NEW LISTING!! Updated custom 4 bedroom sits on a wooded lot in the heart of a golf course community. Designer paint tones, decorator lighting, designer plumbing fixtures, crown and chair molding, Viking appliances. New furnace & air conditioning. New brick patio with 7 person hot tub. FABULOUS! $447,000  

For interior photos, click on home below

https://plus.google.com/u/0/b/115646405800507356024/photos/115646405800507356024/album/6247205804767944801