Will Tveit - Real Estate | My Blog - Market Conditions | willtveit.com - dreamtown

Recently, I've been asked by friends, prospects, and acquaintances, as well as former and current clients about our current market, specifically what's going on?  Well, folks, we seem to be entering a buyer's market. To better understand this market, let's first look at the current real estate conditions: 1. Prices at all-time highs For the past several years, home prices grew at twice the rate of inflation and faster than incomes. Not surprisingly, we are now at record price levels. However, price growth has definitely been slowing over the past several months. And we're even seeing some softness in the market, with an increasing number of price cuts. 2. Mortgage rates rising The current 30-year fixed mortgage rate stands at 4.63%. That's almost a 1% increase over just a year ago and the highest level we've seen since 2011. 3. Dropping affordability and demand Combined with current high prices, the rise in mortgage rates is causing a decrease in affordability. Earlier in the year, affordability was estimated to be at a 10-year low. Not surprisingly, this is having an effect on demand, with mortgage applications down 16% over last year. When these factors are viewed together, there appears to be a fundamental shift in the market. Home price growth is slowing, and home prices might eventually start to decrease. Mortgage rates are expected to continue to grow. And if that happens, we will slowly but surely enter a market where buyers, not sellers, have the final say. So what does this mean for you? Well, if you're looking to sell, it means the time to act is now. Around Chicago, I still see a lot of demand for homes. However, over the next several months, it's likely that national trends will catch up with us here in the Chicago area as well. The good news is, you have an opportunity to act before this happens. If you decide to list your home this winter, you might benefit from the current high prices as well as the solid demand around Chicago. In other words, you could sell quickly and for top value. In case you’re considering it, you can get more info on what your home is currently worth by filling out this home evaluation form: Enter your home address here to find out what your home is currently worth And if you are ready to get the process rolling while this opportune moment still lasts, give me a call. I'm here to help. Have a great day, Will Tveit | MBA - Broker - Realtor Dream Town Realty | Chicago & North Shore

Real Estate News from Will Tveit | Realtor - dreamtown

Spring 2019 REAL ESTATE NEWS Brought to you by 2019's Hottest Home Decor By Barbara Pronin Comfort is trending for 2019, a consensus of home decorators agree, with more people seeking warm colors, intimate spaces, and a casual but sophisticated lifestyle. Designers looking to pair physical coziness with emotional comfort forecast seven decor trends: Scaled down furnishings - After years of favoring large furniture and open spaces, consumers are aiming for a ‘nesting’ environment and choosing smaller pieces arranged in more intimate settings. Wall coverings - The return to traditionalism brings with it a return to wallpaper, fabric wall coverings and murals. Expect to see plenty of rich shades of green in fabric and wallpaper patterns. Color changes - While blues and indigos have been huge in recent years, green is the new blue for 2019 and is likely to be used in everything from upholstery patterns to kitchen furnishings. Color ‘pops’ - People are ditching beige minimalism in favor of fun colors, especially in family-friendly spaces. Yellow is the hottest color for small accent pieces–from ceramics to lamps to sofa pillows. Warm woods and traditional styles - Antiques and even second-hand items are having their moment again, with consumers looking for skirted tables, wooden chests and other wood pieces with a sense of history. Indoor and outdoor fireplaces - The coziness trend favors indoor fireplaces, working or not, with homey hearths as a nice spot to gather. Outdoors, fireplaces are preserving the joy of summertime barbecues. Crafts and artisanal accents - In a world of increasing mass production, there has been a shift back to artisanal and boutique choices in pillows, wall hangings, quilts and other accent pieces all around the home. How to Reduce Your Home's Carbon Footprint You may work to reduce your personal carbon footprint by driving less and recycling, but do you consider the footprint of your home? Here are some tips to make your home and your wallet a little greener. Buy efficient appliances. Appliances are getting more efficient every year, and some have better energy and water-use ratings than others. The energy rating of an appliance is easy to find and can be a great guide for those looking to reduce their electricity and water consumption. Install low-use fixtures. Shower heads, toilets, faucets, and other fixtures now come in models that use less water than others. These fixtures can lower a home's utility bill as well as reduce the amount of water a home uses. Plant a garden. Plants remove carbon dioxide and give off oxygen. Keeping a garden can help counteract your carbon output, provide a fun hobby and supply you with homegrown vegetables or beautiful flowers. Install a drip irrigation system so that plants get only the water they need. Landscape using climate-appropriate plants. Local plants are better adapted to the environment, are non-invasive to other species and require less water than outsiders.                                      ______________________ If you are thinking about buying and/or selling a home, contact your real estate expert, Will Tveit | Real Estate with Dream Town Realty first!  Will Tveit's direct number is 312.498.8348, and his email is Will@dreamtown.com. Also, feel free to check out Will Tveit | Real Estate's website at WillTveit.com.  For the best service and most fastidious attention to detail in Chicago and on the North Shore, contact Will Tveit | Realt Estate today!   🏡                                      ______________________ Will Tveit | MBA-Broker-Realtor Dream Town Realty | Chicago - North Shore 1567 Maple Ave., Evanston, IL 60201 mobile: 312.498.8348 | email: Will@dreamtown.com web: www.WillTveit.com | www.1640MapleEvanston.com

Open House & Brokers Open | 4615 Elm Terrace, Skokie | willtveit.com - Dream Town Realty

|   OPEN HOUSE
4615 Elm Terrace, Skokie OPEN HOUSE | SUNDAY, MAY 6, 12:00PM - 2:00PM BROKERS OPEN | TUESDAY, MAY 8,  9:30AM - 12:30PM
SEE MORE PHOTOS & INFORMATION ABOUT ALL LISTINGS
4 BED   |   3.5 BATH SKOKIE  | $485,000 Beautifully updated home on a quiet street. Newer white kitchen with stainless steel appliances, marble countertops, and tile backsplash. Pretty four season sunroom overlooking the private yard. Gleaming hardwood floors throughout, recently renovated bathrooms, spacious bedrooms, and great flow. Wonderfully generous family room with fireplace and built-in bar, perfect for entertaining. Heated 2-car attached garage. Move-in ready, a lovely home with several amenities on a coveted street. Lovely Mid-Century Split-Level Updated Kitchen & Baths Refinished Hardwood Floors Spacious Bedrooms Attached Heated Garage WILL TVEIT Residential Specialist 312.498.8348 will@dreamtown.com http://willtveit.com
© 2018 Dream Town Realty Inc. All information subject to errors, omissions, prior sale, or withdrawal without notice ⌂

http://www.willtveit.com/featured-property/?id=09870783

Property For Sale $485,000 - 4615 Elm , SKOKIE, IL 60076 www.willtveit.com Get more information about the property 4615 Elm , SKOKIE, IL 60076 listed at $485,000

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Home - Will Tveit www.willtveit.com So, are you looking for an extravagant condominium with  elegant terraces; or an awesome loft in an industrial building  with exposed brick walls; maybe a bungalow with a front  porch and a backyard; or a single room studio with a view?

Open House | Buffalo Grove, Illinois | WillTveit.com - Dream Town Realty

OPEN HOUSE 🏠 Sunday, June 18th from 12 to 2 p.m.

106 Copperwood Drive, Buffalo Grove, Illinois  |  4 bedroom - 2 bathroom  |  $485,000 

 

© 2016 Dream Town Realty Inc. All information

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Will Tveit 

Broker | Realtor

Dream Town Realty

Chicago & North Shore

will@dreamtown.com

 www.willtveit.com

312.498.8348
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Tveit Tips for Buyers & Sellers: The Spring 2017 Market Starts in January! Be Prepared - Contact me NOW!

ATTENTION BUYERS, SELLERS & INVESTORS!

If you or anyone you know is either moving to, from or within Chicago or the North Shore, contact me! 🏠

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Will Tveit | Real Estate | Chicago & North Shore

WillTveit.com | Buy - Sell - Invest

Will@dreamtown.com | 312.498.8348

WillTveit.com | Buy - Sell - Invest

Will@dreamtown.com | 312.498.8348

WillTveit.com | Buy - Sell - Invest

Will@dreamtown.com | 312.498.8348

Open House - 5 bedroom/ 3 bath - Totally Updated Edison Park - Chicago Home

‬‪Open House Sunday, April 17th, 1:00 to 3:00 PM 

5 bedrooms/ 3 full-bathroom - Totally Updated Home! 

🔹🔸

Price Reduced to $575,000

🔸🔹

Beautiful Large Edison Park Home, Completely Updated, High End Finishes, 5 Bedrooms, 3 Full-Baths. Kitchen with Quartz Counter-Tops, Stainless-Steel Appliances. Formal Living & Dining Rooms.

Master on Main Level with Custom Walk-In Closet. Natural Stone in Bathroom. Family Room, Media Room Equipped with Surround-Sound & Office. Laundry Rooms on Upper Floor & Basement.

Large Deck & Garden with Fire Pit. 2 Car Garage + Storage Shed. Bright, Spacious, Large Indoor & Outdoor Living-Area. High-End BBQ on Deck Included!

Walking Distance to Downtown Edison Park. Motivated Sellers! Come-By & Say Hi! ...& Buy!

‪‎WillTveit‬ | ‪‎Buy‬ - ‪‎Sell‬ - ‪‎Invest‬

‪Dream Town‬ ‪‎Realty‬ | ‪Chicago‬ - ‪‎North Shore‬

WillTveit.com | Will@DreamTown.com | 312.498.8348

WILLTVEIT.COM  | BUY - SELL - INVEST

WILLTVEIT.COM  | BUY - SELL - INVEST

WILLTVEIT.COM  | BUY - SELL - INVEST

WILLTVEIT.COM  | BUY - SELL - INVEST

WILLTVEIT.COM  | BUY - SELL - INVEST

Rent or Buy: Either Way You’re Paying A Mortgage

There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return.   That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” Christina Boyle, a Senior Vice President, Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent: “With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.” As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity. The graph below shows the widening gap in net worth between a homeowner and a renter: Bottom Line Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting.   I’m an expert in providing a rent vs buy comparison to any possible leads looking to buy.    Let me help you make three to four more sales this year. WillTveit.com  |  BUY - SELL - RENT - INVEST  |  Will@DreamTown.com WillTveit.com  |   BUY - SELL - RENT - INVEST  |  Will@DreamTown.com

  WillTveit.com  |  Buy  -  Sell  -  Rent  -  Invest  |  Will@dreamtown

  D r e a m   T o w n   R e a l t y  |  C h i c a g o - N o r t h  S h o r e 

  1567 Maple Avenue, Evanston, Illinois  60201

WillTveit.com |  Will@dreamtown.com

WillTveit.com |  Will@dreamtown.com

WillTveit.com |  Will@dreamtown.com

WillTveit.com |  Will@dreamtown.com

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