In the wake of the pandemic, supply chain issues and labor shortages resulted in a historic inventory squeeze on new construction. However, as those constraints begin to ease, the number of new homes on the market is stabilizing, slowly returning to normal levels. According to Cyndy Salgado, executive vice president with @properties Development Group, which handles sales and marketing for residential developments nationwide, the stage is currently set for more new construction to hit the market, with a healthy pipeline of projects that will continue to deliver into 2023 and beyond. Here is a window into new homes currently on the market in Chicagoland.
In the Midwest, many homeowners wish the climate would allow for more time to enjoy their homes’ outdoor spaces. But despite the cold weather, there are actually plenty of ways to take advantage of yards and patios throughout the winter months. Bundle up and step outside to enjoy these creative activities in your own backyard this season.
With the onset of the holiday season, many homebuyers and sellers take a pause from real estate to focus on other activities. But a December market surge is actually fairly common thanks to some of the most motivated sellers and buyers of the year. In some cases, sellers are looking to get their homes on the market ahead of the spring rush. Buyers also might be trying to get a jump on the competition, especially with today’s historically low inventory. And some have the added incentive of a year-end bonus or a job relocation.
One of the special things about Chicago’s inner ring suburbs is how these communities effortlessly blend and balance the best attributes of busy city life with the slower pace and residential streets of a small town. A true standout in this category, Park Ridge boasts not one, but two central downtown districts, top public schools, and a housing inventory that’s equally diverse in aesthetics and price points.
Northwest Indiana, an area most known for its proximity to Chicago and the Lake Michigan shoreline, shouldn’t be overlooked with its vast collection of outdoor adventures, cultural attractions and seasonal events. In the wintertime, residents and visitors alike can find plenty of things to do. Whether you’re a nature lover or looking for kid-friendly activities, these towns offer something for everyone. The following list is just a sample of things to do in Northwest Indiana as the temperatures begin to fall.
Historically, the last few weeks of the year aren’t the most active on the real estate calendar. But the spring market, which can begin as early as mid-January, brings a spike in activity from both buyers and sellers. Changing market conditions will make this coming spring market much different from the last one, so the time to start strategizing is now, real estate experts say. If you’re selling your home next year, here are some tips to start preparing.
Get In Showing Shape
According to Natasha O’Connor, managing broker in @properties Christie’s International Real Estate’s Northbrook and Glenview offices, “Now is a great time to think about hiring a contractor for updates and repairs.” Not only do many pre-sale renovation projects take several weeks, but contractors are usually less busy at this time of year. That means you not only should be able to get on their schedule; you might also be able to negotiate better pricing.
By Jen Furlong, @properties broker
Buying a condo isn’t quite like buying a single-family home. While individual homeowners are typically responsible for the entirety of a home’s maintenance and repairs upon purchase, condo owners delegate part of this responsibility to a Homeowners Association (HOA), thus incurring a monthly cost known as an ‘HOA fee’ or ‘monthly assessment.’ Continue reading
Over two extraordinary days last week, Christie’s conducted the largest art auction in history, selling the unparalleled art collection of Paul G. Allen, the late philanthropist and co-founder of Microsoft. When the final hammer came down on Nov. 10, Visionary: The Paul G. Allen Collection had shattered the record for the most valuable auction of all time, achieving $1.5 billion in a single evening and a staggering $1.62 billion in aggregate. All of the estate’s proceeds from the sale will be dedicated to philanthropy, pursuant to Mr. Allen’s wishes.
The sale included 155 works spanning a period of 500 years. Bidders from around the globe participated live in New York City, as well as by phone and online. The auction was 100% sold, and the $1.62 billion total was well in excess of the pre-auction estimate.
Rising mortgage rates have been the big story in real estate this year. However, buyers are still in the market, adjusting to the “new normal” and confident their dream home is within reach. National mortgage lender – and @properties Christie’s International Real Estate strategic partner – Proper Rate, notes that thoughtful planning and a wide range of available loan products can help buyers and sellers deal with the evolving market conditions.
Party guests tend to congregate in the kitchen, and this holiday season we’re all about an eye-catching spread worthy of the space it’s served in. An essential for any fete, the charcuterie board can be a stand-alone appetizer or the showpiece among an array of hors d’oeuvres.
We’ve laid out some creative ideas for putting your own board together along with quick catering options. And what better backdrop than a kitchen that accommodates the host and guests with an aesthetic as appealing as the snacks.
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