February 2024 Real Estate: Analyzing the Housing Inventory Crisis

February’s real estate market witnessed a surprising 10% jump in existing home sales from January, a development far surpassing consensus forecasts. However, sales still lagged slightly behind the figures from the same period last year. his phenomenon unfolds within a broader context of a persisting inventory crisis and fluctuating home prices, painting a complex picture […]

APR Fees in Real Estate: Title Insurance & Closing Costs Explained

When navigating the complexities of real estate transactions, understanding the Annual Percentage Rate (APR) and its implications becomes even more crucial. The APR not only reflects the interest rate on a mortgage but also encapsulates various other fees, providing a comprehensive view of the loan’s true cost. This deeper insight into APR, particularly its relation […]

January 2024 Housing Market: Exploring the New Year’s Insights

The January 2024 housing market has emerged as a focal point for analyzing the recent economic and financial developments impacting the real estate sector. With interest rates experiencing fluctuations, the dynamics of buying, selling, and investing in properties are witnessing significant shifts, prompting stakeholders to reevaluate their strategies amidst ongoing challenges. These issues, especially concerning […]

Illinois Title Insurance Myths: Separating Fact from Fiction

Illinois title insurance myths can often lead to confusion and misconceptions for homebuyers and sellers alike, clouding the true value of this essential protection in real estate transactions. Plymouth Title Guaranty Corporation, a leader in the Illinois title insurance industry, is here to dispel these myths and shed light on the facts. Our extensive experience […]

Real Estate Commissions: Understanding the Evolutionary Shift in Chicago Housing

In the ever-evolving and competitive world of real estate, real estate commissions have emerged as a key focal point, igniting widespread discussions and legal challenges within the industry. This comprehensive blog post aims to dissect the current changes and controversies surrounding real estate commissions. We delve into the specific developments occurring in Chicago’s real estate […]

October 2023 Housing Market: Declining Inventory and Home Builder Sentiment

The October 2023 Housing Market in the U.S. presented a complex landscape of high mortgage rates intertwined with a fluctuating economy, creating a scenario of contradictions. While there was a slight uptick in single-family housing starts and permits, indicating a possibility for future construction expansion, the overall market dynamics continued to exhibit inconsistency. Housing Inventory […]