Lake County, IL Real Estate News

By Marco Amidei
(RE/MAX Suburban )
Samanthas Way, Deerfield, Illinois - February 2020Samanthas Way is an 8 home subdivision in Deerfield, Illinois. Average taxes in Samanthas Way $0 Average association fees in Samanthas Way $0 Average home size in Samanthas Way 0 ft2 Average lot size in Samanthas Way 0.00 acres Average year built in Samanthas Way 0 Homes for sale in Samanthas Way Address Beds Baths Built Price 1560 Samanthas Way 4 4.1 2019 $1,140,000 1585 Samanthas Way 4 3.1 2019 $885,000 Sales Summary for Samanthas Way  (Feb 20, 2019 - Feb 20, 2020) # of Sales Average Days on Market Average List Average Sale Ratio% 6 81 $1,035,667 $1,035,867 100.0% HomesByMarco has sold 25 homes in Deerfield Thinking of selling your home in Deerfield? We are experts in the area. We'll sell your home quickly and for the highest price. C...
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By Debra Kukulski, Broker Associate, SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL
(RE/MAX Suburban)
I love this article from the National Association Of Realtors Magazine. So appropriate for October and DEFINITELY entertaining!    10 Most Horrifying Decorative Trends. Demons. Monsters. Zombies. … Your house? Click here for the full article    
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By Debra Kukulski, Broker Associate, SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL
(RE/MAX Suburban)
The Lake County, IL Treasurer,  Holly Kim Will Be Hosting Free Financial Literacy Classes for Lake County IL Residents!Per Today's Press Release:"Classes will be held free of charge at –The University Center 1200 University Center Dr. Grayslake, IL 60030 Thursday August 1st, 5pm-7pm - Keep it Safe Saturday October 5th, 10am-12pm - Securing Your Identity Thursday November 7th, 5pm-7pm - Financial Recovery For more information or to enroll call Anton Mathews at 847-377-2043 or email AMathews@lakecountyil.gov." For All Information and Dates: https://content.govdelivery.com/accounts/ILLAKE/bulletins/254df91
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Barrington IL summer has started. We all felt it in the heat of last weekend. How's the real estate heat though, now we are half way through the year 2019.Barrington IL Home Sales January Through June 2019This market report contains all the home sales in Barrington IL 60010. That means Barrington and the surrounding villages that share the zip code of 60010. Average Marketing Time - Single Family Homes Sold - 265 Properties Sold - 212 Days Average Marketing Time - Condos and Townhomes Sold - 56 Properties Sold - 115 Days Average on Market Time - Single Family Homes - Currently 264 Days showing an increasing trend. Average on Market Time - Condos and Townhomes - Currently 118 days showing a marginally increasing trend. Average List to Sale Percentage - Single Family Homes Sold - 95% Aver...
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By Granite Heroes, Marble, Granite & Terrazzo Restoration
(Granite Heroes)
       Deer Park Stone Restoration  Date: 02-02-19  County: Cook  City: Deer Park, IL 60010  Job Details: Granite Counter tops are the best choice for elegance and durability in the Kitchen. Marble is very prone to etching and water marks. The same can be said for limestone. Concrete counter tops look great however the are susceptible to cracking and etching as well.  That's why when its all said and done , granite is the best choice for a kitchen. Its durability is such that it doesn't etch or get water marks. Its also scratch resistant. However granites polish and overall luster will begin to look dull after time, that's why it recommended you cleaning, polish and seal your granite every couple of years.   This project document a typical granite counter top polishing project in Deer ...
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By Granite Heroes, Marble, Granite & Terrazzo Restoration
(Granite Heroes)
   Deerfield Stone Restoration  Date: 02-17-19  County: Cook  City: Deerfield, IL 60015  Job Details: Marble counter tops are absolutely gorgeous, lets be honest.  They really do look nice, that is Intel the etch marks, water rings, and spots start driving you nuts. When its time to restore your marble bathroom vanities contact Granite Heroes today for professional marble cleaning, polishing and restoration needs.  This project documents a marble vanity polishing job in Deerfield, IL 60015. Deerfield is hot zone for natural stone maintenance and repair because a large percentage of homes are furnished with Granite, marble, bluestone, slate, travertine, quary tile, and terra cotta. This Deerfield stone restoration project scope of work was focused on the master bathroom marble vanities....
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By Granite Heroes, Marble, Granite & Terrazzo Restoration
(Granite Heroes)
       Carpentersville Stone Restoration Contractors  Date: 02-02-19  County: Cook  City: Carpentersville, IL 60110  Job Details: Slate flooring was very popular during 1960's-80's as a high end flooring option for home endways. The Chicagoland areas more established cities are littered with slate entry's in desperate need for restoration services. The most popular cites are places like River Forest, Oak Park, The Northshore, Skookie, Lombard etc.. However the methods to seal, clean and maintain are nowhere close to today's standards. This Carpentersville stone restoration project we stripped about 10 layers of slate from this slate kitchen in Carpentersville, IL 60110. The first picture is the floor after we removed layers of was from the slate tile surface. Utilizing modern stripping...
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By Granite Heroes, Marble, Granite & Terrazzo Restoration
(Granite Heroes)
       Buffalo Grove Stone Restoration  Date: 02-05-19  County: Cook  City: Buffalo Grove, IL 60089  Job Details: Kitchen Countertop & Travertine Floor Polishing Service This was a really enjoyable project because the home was empty and we got to listen to some music while doing what we do, polish stone! This Buffalo Grove stone polishing project consisted of the kitchen granite counter tops and the kitchen travertine floor.First thing we worked on was the granite. This granite required diamond honing and complete resurfacing. Over the years granite can develop what called spider webbing. The  starts looking like scales on a reptile or micro cracks that finish develop. This happens because the  factory finish is braking down.  This Buffalo Grove granite polishing project utilized a 5 s...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
Do You Know How Much Your Home Has Increased in Value?   Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:“Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.”     The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report. Since 2011 home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. When surveyed, homeowners revealed the top four reasons why they felt their homes had increased in value. Desirable Location Improved...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
Do You Prefer the Charm of an Existing Home?When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams? According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home! They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase. Below are some reasons why buyers are interested in purchasing a new build: Everything in the house is new/never used (49%) To be close to family (41%) The home is the best value fo...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
24 Hours that Suddenly Improved the Real Estate Market   This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row. To many, the outlook heading into 2019 appeared dim… at best. Then, in a 24-hour window last week, things seemed to change. On Wednesday, the National Association of Realtors’ (NAR) revealed in their Existing Homes Sales Report that home sales had INCREASED for the second consecutive month. The next day, NAR’s economic research team announced that the percentage of first-time buyers in the market was higher than last month and even higher than a year ago.What happened to turn a...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
4 Quick Reasons NOT to Fear a Housing Crash in 2019  There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s market is much different:1. There are fewer foreclosures now than there were in 2006A major challenge in 2006 was the number of foreclosures. There will always be foreclosures, but they spiked by over 100% prior to the crash. Foreclosures sold at a discount and, in many cases, lowered the values of adjacent homes. We are ending 2018 with foreclosures at historic pre-crash numbers – much fewer foreclosures than we ended 2006 with. 2. Most homeowners have tremendous equity in their homesTen yea...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
Homeownership Remains a Huge Part of the American Dream As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news for sellers as many of them have been able to capitalize on the demand in the market and sell their homes quickly and at a great profit. One of the big reasons why inventory has remained so low for so long is that an entire generation of home buyers is finally buying! The millennial generation (ages 19-35) has been the driving force behind bidding wars in many areas of the country as they ditch their renter lifestyles and put down roots in new communities. First Am...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
4 Reasons to Sell Your House This Winter Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire.  Jim StarwaltManaging Broker Better Homes and Gardens Real Estate Star Homes783 N Barron Blvd, Grayslake IL 60030 Cell Phone: 224-627-7581Jim@StarHomeTeam.com Search for Homes at www.StarHomeTeam.com Find Me Online: 4 Reasons to Sell Your House This Winter 2019
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
No Bubble Here! How New Mortgage Standards Are Helping Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008. As it becomes easier for buyers to obtain mortgages, many are suggesting that this is definite proof that banks are repeating the same mistakes they made a decade ago. Today, we want to assure everyone that we are not heading to another housing “bubble & bust.” Each month, the Mortgage Bankers’ Association (MBA) releases a measurement which indicates the availability of mortgage credit known as the Mortgage Credit Availability Index (MCAI). According ...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
How to Simply Increase Your Family Wealth by Paying for Housing Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases you also gain home equity. Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential ho...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
What If I Wait A Year to Buy a Home?National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price but instead about the ‘long-term cost’ of the home. The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Insights Report, home prices will appreciate by 4.8% over the next 12 months.What Does This Mean as a Buye...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
Where Are Interest Rates Headed in 2019?   The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily throughout 2019. How Will This Impact Your Mortgage Payment?Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. But don’t let the prediction that rates will increase stop you from purchasing your dream home this year!Let’s take a look at a h...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
4 Reasons to Buy a Home This Winter! Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.2. Mortgage Interest Rates Are Projected to Increase  Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4.8%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac a...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
Home Prices Up 6.34% Across the Country! Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!  Jim StarwaltManaging Broker Better Homes and Gardens Real Estate Star Homes783 N Barron Blvd, Grayslake IL 60030 Cell Phone: 224-627-7581Jim@StarHomeTeam.com Search for Homes at www.StarHomeTeam.com Find Me Online: Home Prices Up 6.34% Across the Country!
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