#MarketUpdateMondays : For the week ending in March 18th | The number of existing #HomeSales was down last month, indicating that there is still a large divide between #SupplyandDemand . However, we need to keep in mind that the value of the #HousingMarket is the highest it has been in years. Confidence and #household incomes are increasing, which are indicators of future #HomeBuying , which should lead to a continued strong market. | For a market update specific to your neighborhood, reach out to us at any time!
#MarketUpdateMondays : For the week ending in March 11th | In the last three months, the #FederalReserve has now twice increased its benchmark #InterestRate a quarter point. The good #news is that this was an expected move due to strong confidence in the #economy . #MortgageRates will likely increase as well. That said, homes are still #selling quickly, and there is little indication that the trend will slow down in the #spring and #summer months | As always - for a market update specific to your neighborhood, reach out to @thegridgroupchicago at any time!