This week, the average 30-year fixed mortgage rate  inched up from 6.26% to 6.3%  — a modest increase and the first in several weeks.But what does this small rate change actually mean for homebuyers in real terms? Monthly Mortgage Payment Difference According to  Realtor.com ’s mortgage calculator , if you purchase a  median-priced home ($429,990)  with a  20% down payment , your monthly mortgage payment this week would be  around $2,123 .Last week, the same loan would have c

If you’ve been thinking about moving to a smaller home—whether to reduce living costs, simplify your lifestyle, or live closer to family— now is the time to pay attention. A growing number of U.S. homeowners are selling their homes and buying their next one entirely with cash, without a mortgage. If you’ve owned your home for years, you may be in the same position to make this move comfortably. Over 40% of U.S. Homes Are Now Mortgage-Free According to ResiClub ’s analysis of

As the year-end season approaches, many homeowners assume it’s better to wait until spring to sell. However, recent market data suggests that  listing your home now may actually be more advantageous. Buyers are actively searching, and competition among listings is declining. According to recent analyses, here are  four key reasons  homes are landing on buyers’ “Wish Lists” right now: 1️⃣ Buyers Shopping Now Are Truly Ready to Move While the holidays may seem like a slow seaso

According to newly released official data,  Illinois home sales in October 2025 rose about 2.6% year-over-year , while the  median home price increased 5.6% .At the same time, the  number of homes for sale dropped 3.4% statewide , and inventory in the  Chicago metro area (nine-county region)  fell about 6.7%. In short, demand remains steady while supply continues to tighten. What This Means for Sellers Rising prices and higher transaction volumes are clear positive signals fo

Recent analyses from major institutions and economists reveal that although recession fears are widespread,  most experts agree that the U.S. housing market and household finances remain strong .While high interest rates, inflation, and supply chain uncertainties persist, the data suggests that a crash similar to past economic crises is  highly unlikely . Why Experts Aren’t Too Worried Here’s what many economists are pointing to: Stable household debt levels  — Compared to pa

According to a recent housing market report, a large portion of homes that went unsold this year failed for two major reasons:  incorrect pricing  and  poor timing .Redfin data shows that only  about 25.3%  of homes sold above the asking price. Realtor.com also reported a  57% increase  in listings being withdrawn from the market compared to last year. In other words, if you want your home sale to succeed in today’s market, two elements are absolutely essential: 1) Pricing i