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John R. Russell, Ltd.

Category: Real Estate

image of stacked coins next to a house and a calculator

Higher Limits For Conforming & FHA Loans Could Make a Home Purchase More Affordable

Posted on February 12, 2023 by Stephanie Walters

Last month, I talked about how high housing prices, unpredictable and rising mortgage rates, combined with runaway inflation were making it tough for consumers to buy homes. In making suggestions for ways that might help consumers make buying a home more affordable, one of the ideas was to investigate the recent changes in “conforming loan”… Continue reading

image of a house with the USA flag in the background

HAPPY NEW YEAR, 2023! WHAT’S THE HOUSING MARKET LIKE? IS IT TOO LATE TO BUY?

Posted on January 12, 2023 by Stephanie Walters

What a difference a year makes. A year ago, the real estate market still seemed hot. 2021 had seen mortgage interest rates hit an almost unheard-of annual average low of 2.96 percent. The supply side problems of the pandemic made new construction materials hard to obtain, and therefore much more expensive. Home buyers turned to… Continue reading

view of the chicago downtown skyline from the south side of the city's real estate market

Chicago’s South Side Real Estate Market is Hot!

Posted on May 8, 2022 by johnr1note

ABC News in Chicago reported on May 7, 2022 that “an analysis of property values reveals new insight about the real estate market on Chicago’s South Side, which is also home to some of the city’s largest new development plans.” Apparently, the real estate market on Chicago’s south side can be summed up in one… Continue reading

image of piggy banks for each home utility bills

Steep Rise in Home Utility Bills

Posted on April 19, 2022 by johnr1note

Home utility bills have been increasing for many consumers as more people spend more time at home. Extreme weather events also seemed to contributed to higher utility bills in 2021. In 2020, median household electricity usage rose by 8.2 percent year-over-year, and only declined slightly in 2021. Between April and October, the period of peak… Continue reading

image of a for sale sign in front of a home

Home Values Keep On Climbing

Posted on April 10, 2022 by johnr1note

After 2021 marked the largest home price gains on record, home prices seem poised to continue to grow in 2022. In 2021, the median sales price for a home rose to $346,900, up 17 percent from one year earlier, a gain of $50,200 for the average homeowner in just one year. Many economists cite this… Continue reading

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Recent Posts

  • BLACK HISTORY – LEGAL HISTORY – CHICAGO HISTORY: The Story of Carl Hansberry
  • Black History Month In Illinois: The Legacy Preceding the Civil War
  • Higher Limits For Conforming & FHA Loans Could Make a Home Purchase More Affordable
  • The Roots of Black History Month are in Illinois
  • HAPPY NEW YEAR, 2023! WHAT’S THE HOUSING MARKET LIKE? IS IT TOO LATE TO BUY?

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Homewood Illinois 60430
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