Steph Sells Chicago

There are reasons to be optimistic about our housing market!

Yes, home prices are increasing...but growth is slowing.

Yes, mortgage rates are still high, but analysts expect them to soon stabilize.

And we never know what's going to happen in the future!

What I do know is that if your home doesn't serve you, that's costing you too.

It might not be costing you in the traditional sense if you're locked into a record-low interest rate, but it is costing you time and happiness and you can't put a price on that.

If you're on the fence right now, believe me, you won't regret the equity you'll have build up five years from now or the memories you can make in your new space.

Drop me a message anytime and I'd love to connect you with a lender to see if now is the right time for you.

"Quiet luxury" is said to be 2023's biggest fashion trend.

And this month, I'm all about bringing the latest fashion trends into your home.

So, how do you incorporate timeless, sophisticated interior decor into your aesthetic at any budget?

Choosing high quality, sustainable natural materials, like leather and linen, custom furnishings for the perfect fit, and selecting investment pieces that feel iconic but will be enjoyed for years to come are all ways to invite quiet luxury into your home.

My love of soft colors and elegant, neutral atmospheres is no secret, so I am excited to see this design (and fashion) trend!

It's not the same as it was...and that's good news!

Realtor.com recently released their 2023 Forecast Update, which is a snapshot of what the economists predict for the remainder of the year.

Now that we're halfway through the year, there are a few things we know about this shifting market:

➡️ Home affordability is improving, albeit slowly. Realtor.com expects a modest 0.6% decline in home prices for the year.
➡️ Mortgage rates are expected to dip to 6% by the end of 2023, but many homeowners are locked into lower rates and hesitant to sell, impacting inventory.
➡️ There's good news for renters! The recent uptick in new multi-family construction is likely to decrease competition for new rental homes, leading to a slight annual price decrease.

Swipe for more information about what this all means!

If you're curious about the local market, DM me and I'd love to talk more with you.