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John R. Russell, Ltd.

Category: Real Estate

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

image of a couple in front of a moving van

How has the Pandemic Impacted Moving Trends?

Posted on April 3, 2022 by johnr1note

The COVID-19 pandemic has been a game-changer for interstate migration. MoveBuddha (an internet based company that advertises it helps coordinate cross-country moving services) conducted a study of over 400,000 relocation queries in 2021 to uncover Americans’ patterns for moving. Another company connected to helping people relocate, United Van Lines, did a survey of their own,… Continue reading

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Recent Posts

  • HAPPY NEW YEAR, 2023! WHAT’S THE HOUSING MARKET LIKE? IS IT TOO LATE TO BUY?
  • Chicago’s South Side Real Estate Market is Hot!
  • Steep Rise in Home Utility Bills
  • Inflation Like You’ve Never Seen
  • Home Values Keep On Climbing

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Homewood Illinois 60430
P: 708.359.4906
F: 708.310-3555
E: john@jrusslaw.com

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