Articles in the Heard in the News Category
People who study the housing market often make predictions about what will happen based on certain stats: average sale price, number of starts (new home construction that has begun), number of closings (home sales that have closed), and housing inventory. Some of these, like home prices, are easy for buyers to understand how it impacts them—low prices mean it’s a good time to buy, and rising prices mean it may be a good idea to buy soon. You can get a great value on a home that will likely be worth more in the near future. But others may be a little more difficult to compute if you aren’t used to looking at housing stats. We’ll break down just the basics of inventory here, and explain why the current low inventory levels mean it’s a great time to buy.
When we talk about finding deals while shopping over the holidays, usually we are thinking about people waiting in lines outside of retail stores for $5 toasters. In this case, buyers are saving $20. We usually don’t think about homes—but record low mortgage rates may change that. According to CNN Money, mortgage rates hit record lows recently for both 30 year and 15 year fixed rate loans. The 30-year was at 3.31% and the 15-year was at 2.63%. These rates can save homeowners potentially tens of thousands of dollars in interest over the life of a mortgage. Talk about Black Friday savings!
Read the full article, including a comparison of the value of a 15-year mortgage versus a 30-year.
Visit Highland Woods today to find your dream home and take advantage of these record low rates today. We have several immediate delivery homes available for every price range. Make an appointment now.
When you live at Highland Woods in Elgin, you will be happy to be home for the holidays each year. Elgin is a great place to celebrate the holiday season. The city loves to celebrate in style with a huge variety of concerts, holiday-themed events, and more. Check out a few highlights:
Downtown Elgin Window Wonderland
When: Saturday, December 1, 12-5 PM
Where: Streets of Downtown Elgin
What: Bring the entire family to downtown Elgin to get a great start celebrating the holidays. View decorated windows, visit with live reindeer, ride a horse-drawn carriage, roast chestnuts, enjoy holiday entertainment, get pictures take with Santa, and more. You don’t want to miss this annual event.
Who: The Downtown Neighborhood Association in Elgin does an amazing job all year designing events for the community. Downtown Elgin is full of great restaurants and entertainment venues.
Heartland Voices’ Home is Where the Heart Is Concert, Featuring the Elgin Children’s …