Chicagoland buyers in search of a new home this spring are benefitting from Zenlist, a newer technology that offers access to the most complete and up-to-date database of homes in the local marketplace. Zenlist enhances the way that buyers and their agents work together to successfully navigate the home-buying process, especially in today’s very competitive, low-inventory market.
Whether you’re in the process of buying or selling a home, or just keep up with real estate news, you’ve probably heard about the lack of inventory in housing markets throughout the country.
While fewer properties on the market means increased competition for buyers, there are still ways for home shoppers to navigate inventory challenges and have an edge in the marketplace. Here are a few tips : Continue reading
The Federal Housing Finance Agency (FHFA) recently announced that it will raise loan limits for mortgages backed by Fannie Mae and Freddie Mac, giving some homebuyers greater purchasing power. Starting in 2021, the maximum conforming loan limit for single-unit properties will increase to $548,250 – a 7.4% increase from the current limit of $510,400.
