2019 Market Outlook-Chicago North Shore Real Estate

Leave a comment

2019 First-time buyers who stayed out of the market – either for demographic reasons or because they just couldn’t find the right Chicago North Shore home – will find less competition as more buyers are priced out, but feel an increased sense of urgency to close before it gets even more expensive. Their largest struggle next year will be reconciling wants, needs, and budget versus the heavy competition of 2018. Although the number of homes for sale is increasing, which is an improvement for buyers, the majority of new inventory is focused in the mid-to-higher-end price tier, not entry-level. Rising mortgage rates and prices will keep a lot of new inventory out of their budget and make it especially tough for first time home buyers.

2019 predictions are based on housing data that shows rents continuing to skyrocket while the for-sale market levels off. That economic reality increased inventory, and millennials getting married and having children after delaying those choices, are forecasted to give North Shore buyers and sellers more negotiating power. In fact, a recent study predicts the millennial generation will overtake Generation X as the biggest group of Chicago-North Shore home buyers in 2019.

In light of these trends, Realtor.com took a look at income data, home-value growth and the number of entry-level homes-for-sale to rank the best markets for first-time home buyers in 2019. More information HERE.

Start 2019 off with trusted, top producing North Shore Chicago real estate guidance from Gloria and/or Zack Matlin. With over 25 years of steadfast expertise, Gloria Matlin has been helping her clients realize their real estate dreams with enthusiastic, sincere, confident, graceful, tenacious, attentive and personalized top-tier service.

 

Seasons Change Means 2018 Opportunity Arises: North Shore-Chicago Real Estate Trends

Leave a comment

School has begun, days are getting shorter, and the networks are eagerly trying to gear us up for football. And 2018 home sales are still brisk—despite historical four-seasons-layered-croppedseasonally adjusted outcomes we’re used to seeing.

Seasonal adjustments help make data that are inherently seasonal easier to compare month to month. You can’t get a good picture of whether it’s a good or bad year by comparing typically slow January with typically busy July. But they also lull us into a false sense of reality that all months are similar, or merely go up and down based on the strength of the market.

The raw data tell us that real estate follows a clear seasonal pattern. Inventory peaks in the summer. Sales peak in the summer. Real estate Web traffic peaks in the summer. Notice the trend?

But each local market has its own cycle. The school calendar plays a big role since families with kids prefer to move while school is out. And not all schools start at the same time.

Looking at existing-home sales data at the national level over the past several years, June averages almost twice the volume of sales as January. But inventory doesn’t vary quite as much. The typical peak for inventory is in July, but the inventory in July is usually only about 25% higher than in December. The discrepancy between the variation in sales and the variation in inventory presents an opportunity for buyers.

When sales are slower due to the season, the age of inventory rises. We monitor the median days on market of active listings, which typically bottoms in June and peaks in the winter months of December and January.

As the age of inventory increases, buyers could gain more leverage. That’s why prices are also seasonal, often peaking each summer when demand is highest and the age of inventory is lowest.

So take heart, would-be buyers! If you can resist the herd and ignore the school calendar, you will face less competition in the off-season. And if you can find a home that fits your needs, you will have more bargaining power! More info HERE

2018, October: With more than 25 years of top producing, high ranking, client-focused performance, Gloria Matlin and partner Zack Matlin remain consummate real estate professionals for Chicago’s North Shore. Dedicated to making dreams come true and providing the highest quality service for each and every client, Gloria Matlin is the real estate resource you want for every season. See intro HERE

Summer 2018 Home Buying Benefits – Chicago North Shore Real Estate Experts

Leave a comment

Across the country as well as here on Chicago’s North Shore March through September are the most popular months for buying a house. In the spring and summer, you’ll often find a large selection of homes for sale.

Reasons to Buy a Home in the Summer
Do you have kids in school? If so, you probably want to sell your house and move into a new one before the next school year starts. Moving over the summer lets kids finish the term at their old school, as well as explore the neighborhood and make friends before the first day at their new school.

Be Ready to Close
If you determine that summer is the best time for you to buy, be prepared to make an offer quickly, . Make sure you know your limits: Which home features are must-haves, and what is the most you are willing to spend? Also, keep in mind that even if you’re pre-approved for a loan and are ready to push paper, it may take weeks or a couple months to close on the home. If you want to move in midsummer, you may need to start house-hunting in spring.

To get a glimpse of the properties for sale on Chicago’s North Shore, see the videos and images below or click HERE and HERE for a complete list of details and/or tips.

https://www.yelp.com/biz_photos/gloria-matlin-glencoe?select_biz_video=2EfetbXpsXlayKF4wUARhA

With top producing, top performing sales volume results for over 25 years, Gloria Matlin has been a Chicago North Shore, Illinois real estate expert representing Coldwell Banker’s top ranking Glencoe office. She and partner Zack Matlin, proudly serve North Suburban Winnetka, Wilmette, Highland Park, Kenilworth, Northbrook, Deerfield, Northfield, Lincolnshire, Buffalo Grove, Glenview, Skokie and Glencoe communities. As a seasoned North Shore Realtor, she is a trusted resource, and maintains national top 1% performance success with grace and tenacity. Look to her and Zack for all things real estate on the North Shore of Chicago this summer season, 2018!

 

Spring 2018-May Means Mother’s Day Month – Chicago North Shore

Leave a comment

Spring 2018 well wishes, and happy Mother’s Day Month from Gloria Matlin and Zack Matlin. With over 25 years of dedicated Chicago North Shore real estate experience, personable, driven, top producing, high ranking real estate professionals with a client centered focus for making real estate dreams come true; look to this dynamic team for an elite level of North Shore real estate service on the North Shore of Chicago:

The Mash Team Blog

Home is where Mom is, so why not give Mom a piece of home this Mother’s Day?

Don’t forget Mother’s Day is May 10th this year! As we discovered last year, Home is Where Mom is.  So, why not give Mom a little piece of home this Mother’s Day? These 5 unique homemade Mother’s Day Gifts are guaranteed to show her how much you care.

Lemon-Sugar-Scrub-DIY-CraftLemon Sugar Scrub via Living Locurto – Mom deserves a little R&R. Give her a spa day at home with a DIY lemon sugar bath scrub and then leave her alone long enough to take a nice relaxing bath.

CoastersTile Photo Coasters – Give mom a gift that’s worth a thousand words and serves a practical purpose. These tile photo coasters are an easy do-it-at-home Mother’s Day Gift that will make Mom smile every day over her morning coffee.

Chalkboard Flower PotsChalkboard Flower Pots via Learning, Creating, Living –…

View original post 103 more words

Holiday Home Prep-Less is More: Chicago North Shore Real Estate

Leave a comment

The time is almost here! Relatives, friends, neighbors, coworkers, acquaintances, all potentially gathering in your Chicago North Shore home for the 2017-18 holidays. Commonly, the appropriate gesture may be to get or give a gift. For those planning to list their North ShoreHolidayCurbAppeal home in the months of November, December, even January, your house becomes the gift! As silly as it may seem, you’re presenting a rather large gift to potential buyers. One of the first things to attract attention is the overall packaging. The goal: First impressions mean everything. You want buyers to take in the scene and say “this is it, this is the house!” The plan: 6 Curb appeal tips that get you ready for your North Shore holiday festivities, which will make all of your guests (including potential buyers), say “WOW”:

1. A Tidy Lawn Whether there is snow covering your lawn or not; be sure to keep your lawn free from any leaves, twigs, etc… that may have blown through with the harsher winds. Just because your North Shore lawn is not expected to be as lush as the summer months, doesn’t mean to ignore the state of its appearance. Keeping it cleaned up will show thorough care.

2. Winter Weather Greenery Hearty plants and Evergreen trees, appropriate for season can withstand the winter months while adding  huge visual appeal to the outside of your North Shore home. Evergreen Holly will add a splash of color with its red berries and can stand up to the cold weather.

3. Refined Decorations and Lighting While you can have fun with the season’s bright lights and characters of the holidays, it can be easy for some to get carried away. Try small white lights around your North Shore homes’ bushes or front porch post, a simple wreath and garland to enhance your home’s appearance without being overly distracting. The use of lights can really make your home stand out with the shorter winter days. Since there is more time without the suns rays, using a variety of lighting can give your home a warm and inviting glow. Indoor window lights in each room provides a comforting appeal, while lights along the pathway up to your home, a bright porch light and tasteful holiday lights are all huge but not too fussy ways in which to enhance your North Shore homes’ curb appeal.

4. Remember Safety You may have friends and family planning to visit soon, so you’ll want to put safety at the top of the list! Be sure your driveway, sidewalk and front porch are cleared of debris, ice or any snow. It’s always better to be on the cautious side and put down salt, as even rain can freeze and make walking up to your home dangerous.

5. Touch Up Paint Your North Shore home is more visible in the winter months as trees are free from their leaves and your home’s condition is more exposed. Touching up chipped or faded paint is a great way to help your Chicago Northern Shore home look refreshed.

6. Clear Gutters It’s not too late to make sure your gutters are free from leaves and other debris. You’ll want these cleared so that melting snow or rain that can easily run through the gutters will not cause damage. More information HERE

Have a happy, safe, and prosperous pre-holiday season. This time of year is beautiful on Chicago’s North Shore.  The sparkling lights and presence of well-manicured North Suburban homes bring a warmth and charm to this already distinct area. Feel free to stop into the top performing Glencoe Coldwell Banker Residential Real Estate office for information on upcoming holiday events, things to do, places to go or community/real estate market performance reports for the North Shore communities.  640 Vernon Avenue, Glencoe, Illinois, 60022; in the heart of the downtown village district.

New Generation of Real Estate-See Top 2017 Changes-Chicago North Shore Real Estate

Leave a comment

A lesson just in time for back-to-school….Ever changing and evolving technology, the flow of information, the global economy and a shift in societal structures have altered the real estate landscape on Chicago’s North Shore and around the world, forever. Times have changed since the real estate boom of the early 2000’s. This isn’t our parents’ real estate market. And some of the strategies that were put to use in the ‘80s and 90’s, if implemented today, would cause financial harm or result in missed opportunities — or both. Before venturing into the vast world of North Shore real estate, contact a trusted North Shore real estate professional. In addition, here are five tips to consider as you explore North Shore buying or selling in this current and next generation of North Shore real estate:

1. Technology speeds things up: But don’t rush a real estate purchase

Not unlike most industries, technology and the Internet have sped up the processes of looking for, transacting or selling a North Shore home. A great new listing could hit a buyer via a text from their agent, an email alert from the local MLS, a notification from Zillow on a mobile device and maybe even an old-fashioned phone call from the buyer’s agent. The actual real estate transaction process has been sped up as well. Clients can sign contracts or review property inspection reports and disclosures on a mobile device during their beach vacation. Even so, no matter how quickly we move or how much technology can make our world efficient today, buying or selling a home should never be rushed.

2. The real estate agent’s role has shifted: But a good agent still matters

Before the Internet and online listings, some people believed the real estate agent’s only value was to provide access to the listings. It’s always been a highly emotional and financial decision, and a good, experienced, local North Shore agent likely did more than just open doors in the 1980s. Today, an additional part of the agent’s role is to make sense of the information. Data alone is meaningless without color. A good local North Shore agent, living and breathing their market, will add more value than ever. Finally, in many parts of the country, where attorneys are not involved in real estate transactions, the agent is the center of the transaction. Don’t settle. If you are not impressed with your agent, find another. The right agent can make all the difference.

3. Often a seller-beware culture today: Do your homework

Search is in the DNA of millennial or Gen Y buyers today. They simply won’t take anyone’s word for anything. They will search, research and double-check everything. A smart seller today needs to be armed and get one step ahead of the buyer. Today’s buyers have much more at their disposal, and so it’s the seller who needs to beware. Not knowing what the buyers are seeing or staying one step ahead of them can affect your bottom line when going on the market today. Leverage today’s resources and technology and think like a buyer before going on the market. Once you go live, there’s no turning back. If you aren’t completely ready to sell, don’t list.

4. We have evolved: Owning might not be for everyone

The typical home buyers of last generation got married in their early 20s, moved to a single-family home in the suburbs, got a 30-year fixed mortgage and planned to pay it off. Buying a home happened once, maybe twice in a lifetime.

It’s no longer standard practice to live in your hometown after high school or college. In fact, it’s more common for today’s professional to take a job in Denver, Dallas or even Dubai. Additionally, that stable long-term job, with access to a pension after retirement, has all but evaporated. Buyers change jobs more often than ever. The flexibility granted by renting has provided a different picture of today’s American Dream for many.

5. Know all of the loan options available today: Choose carefully

Access to dozens of loan products didn’t exist just 15 years ago. Banks have developed new products to evolve with the times. The acceptance and use of some of those products, for some people, led to a steady stream of foreclosures years later. When I bought my first home, my father suggested I get a 30-year fixed mortgage. I thought he was crazy. I didn’t know what I’d be up to in five years, much less 30. A buyer today needs to spend some time researching loan options and consider them in the context of their personal situation. Work closely with a good local mortgage professional to help decide which type of loan makes sense for you – now and in the future.

Special Tip: It’s emotional — and that’s not likely to change

No matter the decade, the changes in consumer behaviors, or the type of home, real estate transactions will always be more personal than any other. Add to this the changes in technology and the access to information, and it’s easy to lose sight of what’s important. Unlike buying a new flat-screen TV or selling a used car online, buying or selling a home will always be an emotional purchase. A home is where people have made some of their most important memories, a place that has been constant through the ups and downs of life. While the world may be speeding up on what seems like a daily basis, it’s always a good idea to take it slow when buying or selling a home. More information HERE.

With over 25 years of dedicated client focused results, top producing, high-ranking , top performing outcomes, Gloria Matlin and partner Zack Matlin are the consummate Chicago North Shore real estate representatives. Sustained North Shore community insight, and a passion for making North Shore real estate dreams a reality, look to them for questions on marketing, technology options, area conditions, or simply to discover things to do and places to go on Chicago’s Northern Shores.  640 Vernon Avenue, Glencoe, Illinois-Coldwell Banker residential real estate office is where Gloria Matlin has called her home office for over 2 decades.  Feel free to stop in today!

Home Highlight- 10 Crescent Drive in Glencoe

Leave a comment

Stunning Architecture,Premier East Location! …This Meticulous Weeping Brick Tudor, Near Beach, Town and Transportation is Truly A Wonderful Place To Call Home! Ready To Move in Elegant Residence – Click the images or video below for additional details:

Crescent-NewFront

10 Crescent Drive in Glencoe for Sale – Click Image for Details

Crescent-NewFront-2

10 Crescent Drive in Glencoe for Sale – Click Image for Details

Details Include Gleaming Hardwood Floors, Crown Moldings and Built-Ins. Updated Kitchen and Baths. Sun-room Overlooks The Beautiful Setting:

 

 

Older Entries