Skip to main content

Buying a Grayslake Home in 2015

Buying a Grayslake Home in 2015

Whether you are a first time or a move-up buyer, there are two factors that will impact the amount of house you can afford in your price range: home prices and mortgage rates.

Let’s look at what the experts are predicting over the next twelve months for these two areas:

PRICES

Over 100 economists, real estate experts and investment and market strategists were recently polled as a part of the Home Price Expectation Survey. They were asked to project where home prices are headed. The average value appreciation projected over the next twelve-month period is approximately 4.4%.

MORTGAGE INTEREST RATES

In the latest Economic and Housing Market Outlook from Freddie Mac, they predict that the 30-year fixed mortgage rate will be 4.7% by this time next year. As of last week, the Freddie Mac rate was 3.69%.


If you are a first-time buyer currently looking at a home priced at $250,000, this is what it could cost you on a monthly basis if you wait until next year to buy:


If you are a move-up buyer currently looking at a home priced at $500,000, this is what it could cost you on a monthly basis if you wait a year to buy:



Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


Buying a Grayslake Home in 2015

Comments

Popular posts from this blog

Waterfront Location on Gages Lake: Grayslake Ranch Home for Sale

Waterfront Location on Gages Lake: Grayslake Ranch Home for Sale

33440 N Lake Shore Dr, Grayslake IL 60030




Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online




Waterfront Location on Gages Lake: Grayslake Ranch Home for Sale

Choose Better Homes and Gardens Real Estate Grayslake Agents For all Your Real Estate Needs

Choose Better Homes and Gardens Real Estate Grayslake Agents For all Your Real Estate Needs

Choosing the right real estate agent, when buying or selling your Grayslake home, is paramount to your success.

The benefits of choosing a company with national recognition and a proven strategy will save you time and money.

Contact our office today at 847-548-2625!



Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online





Choose Better Homes and Gardens Real Estate Grayslake Agents For all Your Real Estate Needs

Sell Your Grayslake Home with Better Homes and Gardens Real Estate

Sell Your Grayslake Home with Better Homes and Gardens Real Estate

Thinking about selling your home?

You don't have to do it alone.

Let Better Homes and Gardens Real Estate Star Homes lend a hand - with tools, information, and an agent you can trust.

With intimate knowledge of your area and the expertise necessary to give you a detailed assessment, our Better Homes and Gardens Real Estate Star Homes agent can help you set the right price and put together a comprehensive marketing plan.

Your Better Homes and Gardens Real Estate Star Homes agent will be there to guide you through every step of the listing process.

Ready to take the first step? Call our office now at 847-548-2625!



Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online