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November 2016

 

First-Time Buyers Make Up One Third of Existing Home Sales

Existing-home sales increased in all major regions in the U.S. in September, and first-time homebuyers accounted for 34 percent of those sales. Consistent job gains and affordable mortgage rates have contributed to more first-time homebuyers entering the market. The good news continued as distressed sales fell to 4 percent, which is a new low. In the Midwest specifically, existing-home sales grew 3.9 percent in September, which is up 2.3 percent from year ago.

 

Chicagoland Has Best Year-to-Date Growth in New Construction of Any Metro Area 

Chicagoland continues to lead the nation in new construction in 2016 among major metro areas. Chicago’s year-to-date construction spending (the amount Chicago has invested into new construction) totals $5.948 billion according to Dodge Data & Analytics, which is an impressive 72 percent increase over the same time period last year. In September 2016 alone, Chicagoland spent $446 million on total residential construction, which is a 13 percent increase over September 2016. 

 

Search by Snap? KoenigRubloff is the First to Offer Branded HomeSnap App to Home Buyers and Sellers

Our brokerage firm was the first major brokerage in Chicagoland to offer every agent a branded version of the incredibly popular Homesnap app. Getting information about a home for sale is as easy as snapping a photo. And that’s only the beginning. Access home property tax records, census data, geographic boundaries, property polygons, school information and more! Contact your agent to start snapping today. 

 

FEATURED LISTING

 

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619 S Park Avenue, Hinsdale

Discover luxury at every turn in this 5 bedroom, 4.5 bath Southeast Hinsdale beauty. Entire home transformed, through meticulous re-construction, just completed July 2016. Perfect blend of elegance and comfort offers the ideal setting for making memories with both family and friends!  Click here for more.

 
good to know
 

Not Your Standard Wreath

Looking for a way to dress up your door? HGTV.com offers 10 fall decorative ideas that aren’t wreaths! Stand out with DIY door tags, corn, baskets of flowers, or wheat. Check out all of the suggestions by clicking here.

 

Thankful for Saving Time 

If you’re planning on hosting Thanksgiving this year or are bringing over a dish to a potluck, Real Simple magazine has 24 recipes that you can make beforehand! Thanksgiving Day is often met with limited oven space and rushing to get everything done. These recipes can be made a day ahead of time, and just reheated for serving. Whether it’s a goat cheese spread as an appetizer, cranberry sauce, or a pumpkin cheesecake for dessert, these recipes will have you feeling more relaxed on Thanksgiving! To see all of the suggestions, please click here.

 
 
McCleary Group
Luxury Property Specialist
mmccleary@bhhschicago.com
312.848.9370
McClearyGroup.com
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35 S. Washington St. Hinsdale, IL 60521

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