Dympna Fay-Hart
Serving Chicago Area Sellers & Buyers

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Hike in Mortgage Rates Erases Affordability Relief

NAR Daily News Magazine - August 3, 2018 - 12:00am

Mortgage rates are now at their fourth highest level of the year, Freddie Mac reports.

Categories: Real Estate

Would Your Neighborhood Score an ‘A’ or ‘F’?

NAR Daily News Magazine - August 3, 2018 - 12:00am

More than 10,000 neighborhoods across the country were recently ranked and assigned a letter grade based on their prospects for real estate buyers and investors.

Categories: Real Estate

Fed Leaves Rates Alone But Hints at Future Hikes

NAR Daily News Magazine - August 2, 2018 - 12:00am

The Fed’s key interest rate does not have a direct impact on mortgage rates, but it usually influences them.

Categories: Real Estate

Empty Lot to Be Listed for Record $1B

NAR Daily News Magazine - August 2, 2018 - 12:00am

A vacant parcel in Beverly Hills could potentially become the most expensive piece of real estate ever sold.

Categories: Real Estate

Wildfires Could Be Boon for Some California Markets

NAR Daily News Magazine - August 2, 2018 - 12:00am

Eighteen blazes in the state have scorched an area larger than Los Angeles, but despite the devastation, home prices may surge. Here’s why.

Categories: Real Estate

Inventory Climbs in a Third of Largest U.S. Cities

NAR Daily News Magazine - August 2, 2018 - 12:00am

However, the expanded supply of homes for sale is not relieving the upward pressure on prices, realtor.com® reports.

Categories: Real Estate

Too Much Income Devoted to Making Rent

NAR Daily News Magazine - August 1, 2018 - 12:00am

Renters are struggling, and it's no wonder why. The income that the average American needs in order to pay rent tops six figures in some cities.

Categories: Real Estate

Where Home Improvement Loans Are Hot

NAR Daily News Magazine - August 1, 2018 - 12:00am

Higher home prices and tighter inventory seem to be causing some to turn toward home remodeling projects. Find out which cities are seeing more homeowners spending significant money to spruce up their properties. 

Categories: Real Estate

The Real Reason Your Client’s Offer Was Rejected

NAR Daily News Magazine - August 1, 2018 - 12:00am

Sometimes even the most attractive offers still fall short, and explaining why can be a tough part of your job. Here are four scenarios that might help you become a better adviser in the negotiation process.

Categories: Real Estate

4 Financial Lessons Boomers Can Teach Millennials

NAR Daily News Magazine - July 31, 2018 - 12:00am

Younger buyers are on a better financial path than most people assume, and they'll continue to be if they don’t make the same missteps as previous generations.

Categories: Real Estate

How Much Cigarette Smoke Decreases Resale Value

NAR Daily News Magazine - July 31, 2018 - 12:00am

The odor can also linger in a home for months after the smoking owner moves out, according to a realtor.com® study.

Categories: Real Estate

Consumers: Family Ties Don’t Trump Free Dream Home

NAR Daily News Magazine - July 31, 2018 - 12:00am

A new survey reveals just how much prospective buyers would sacrifice in order to score the perfect home at no cost.

Categories: Real Estate

Homeowners Stand to Save More Than Renters

NAR Daily News Magazine - July 31, 2018 - 12:00am

Owners can often conserve more money once housing costs and living necessities are all covered. However, a new study shows those who rent can barely get by in some cities.

Categories: Real Estate

NFIP Extended to Nov. 30, But Reforms Still Needed

NAR Daily News Magazine - July 31, 2018 - 12:00am

The Senate approved a bill Tuesday to keep the National Flood Insurance Program operating for four more months.

Categories: Real Estate

How Move-Up Buyers Are Saving for Their Next Home

NAR Daily News Magazine - July 30, 2018 - 12:00am

Many can’t afford the increasing prices of larger properties. But they’re using this method to add to their income and take on a second mortgage.

Categories: Real Estate

Renters Accuse Invitation Homes of Poor Maintenance

NAR Daily News Magazine - July 30, 2018 - 12:00am

They complain of incessant water leaks, bug infestations, mold—and even raw sewage soaking into crawl spaces, according to an investigative report.

Categories: Real Estate

Where Homeowners Are Moving the Most

NAR Daily News Magazine - July 30, 2018 - 12:00am

These cities show the highest turnover in property ownership.

Categories: Real Estate

‘Anything Goes’ Pricing Strategy ‘No Longer Working’

NAR Daily News Magazine - July 30, 2018 - 12:00am

Buyers are more cautious about how much they spend on a home, which should prompt sellers to rethink their high asks, experts say.

Categories: Real Estate

The Kitchen New-Home Buyers Want

NAR Daily News Magazine - July 30, 2018 - 12:00am

Is the all-white kitchen still the most in-demand aesthetic?

Categories: Real Estate

Has the Inventory Crunch Begun to Subside?

NAR Daily News Magazine - July 30, 2018 - 12:00am

Housing supply nationwide in June posted its first increase in three years, according to NAR.

Categories: Real Estate