Subject: ❄️Jeff's February Realty Update for Friend

The supply of homes for sale has experienced a significant increase.

Jeffrey Cobb

Charles Rutenberg Realty

708-203-0800

Jeff's February 2023, Realty UPDATE

We Celebrate Black History Month!

Hey there, Friends!


The supply of homes for sale has experienced a significant increase, with 65% more real estate listings in January than in the same month the previous year, according to a report from Realtor.com®. Despite being higher than the previous year, home prices have decreased from their peak during the COVID-19 pandemic.


January's median home list price was $400,000, steady since December but lower than the record high of $449,000 in June. Furthermore, mortgage rates have dropped from their 20-year high of 7% in November, with an average of 6.13% for a 30-year fixed-rate loan in the week ending Jan. 26.


With these factors, lower mortgage rates, stable home prices, and a surge in listings, it provides an excellent opportunity for homebuyers to enter the market and find a good deal.


Did you know that owning a home is a powerful way to build wealth and secure your family's future? Your home is a wise investment that can bring financial opportunities as it increases in value over time.


If you're considering investing in a home or selling your current one, I'd love to help you make it happen. I'm confident in my ability to exceed your expectations and guide you through the process every step of the way.


Let's chat!


Best, Jeff Cobb

How Experts Can Help Close the Gap in Today’s Homeownership Rate

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As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to ...

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Lower Mortgage Rates Are Bringing Buyers Back to the Market

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As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, ...

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You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] | MyKCM
 

Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%. Let’s ...

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Why It Makes Sense To Move Before Spring

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Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to ...

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Rely on an Expert When You Sell Your House

If you’re thinking about selling your house, don’t go at it alone. Let’s connect today so you have a trusted professional to rely on when you’re ready to sell.

Watch Now

Sellers: With 3D Video, your potential buyers can now safely "virtually" visit your home online before ever "physically" visiting your property. Ask me about it.

"ZenList" (a Simple to Use, Powerful Search Tool) 

See Private Listings NOT Available on Zillow or RedFin

(NOTE: This is Private between us, too, I'm the only one who sees your info within the "ZenList" program.)  

Click Here for access through Jeff.  By invitation only. (Yes, you've just been invited.)

Here's a 2-minute video showing this awesome "ZenList" software. 

Best, Jeff

Jeff's INVITATION ONLY Search App.  

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Presently "ZenList" is the ONLY way for the public to see the 10-20% of Chicago-area listings that have PRIVATE listing status on the MLS (THE main database of properties for sale).

*Private listings are properties that are for sale without any public knowledge.

The Winter Guides for Buying or Selling a Home Are Here

There’s a lot going on in the housing market right now. Let’s connect so you can get the latest digital copies of the Winter Buyer and Seller Guides.

Watch Now

Looking for another personal resource from Jeff that’s easy to understand and can prepare you for buying or selling a home? These guides break down need-to-know information to give you confidence in every step of the process. Click below to get your own digital copies!

Things to Consider When Buying a Home

The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.

You may be wondering if now is a good time to buy a home ... or if interest rates are projected to rise or fall. I put together a free eGuide for you that will answer many of your questions and likely bring up a few things you haven't even thought about yet. Just click the button below to read it now!

Read Your Guide Now

Things to Consider When Selling Your House

It's difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.

You may be wondering if prices are projected to rise or fall... or how much competition you may be facing in the market. I put together a free eGuide for you that will answer many of your questions and likely bring up a few things you haven't even thought about yet. Just click the button below to read it now!

Read Your Guide Now

Go with Experience, Licensed in 1985

CNE "Certified Negotiation Expert" & SFR "Short-Sale & Foreclosure Resource," (Designations of Natl. Assn. of Realtors) 

Charles Rutenberg Realty

Corporate Offices: 3135 Book Road, Naperville IL 60564