Chitownproperty

Sales of previously owned homes fell for the second month in a row in November. What does this mean for you? As the market slows, homes will typically stay on the market longer and buyers will find themselves in a much better bargaining position. Sellers may not be able to reach for the stars anymore with their asking prices, but the market is cooling at a reasonable pace because mortgage rates have been rising moderately–not the crash many have predicted, especially in Chicago where prices were never artificially inflated in the first place.