If you’re out shopping for a home this weekend, bring your checkbook. There may still be ice on the ground in much of the nation, but the spring housing market is the hottest it’s been in a decade. Consumer sentiment in both the economy and the housing market is rising and that is translating into strong demand from homebuyers. The trouble is, the supply of homes for sale is incredibly weak and getting weaker. What is for sale is selling fast.
Families spend an average of $9,073 more per year to cover basic housing and child care costs in the city than in the suburbs, according to a new Cost of Living analysis from Zillow and Care.com
Glenview, Ill.-based homebuilder Edward R. James Companies has announced only three cluster single-family homes remain available for sale at Westgate at The Glen, a 171-unit maintenance-free community located in Glenview, Ill.
This is unmistakable evidence that homeownership is a critical building block of household wealth. Owning a home is a key reason why the median net worth of a homeowner is almost $200,000 while the median net worth of a renting household is just over $5,000.
For 22 years, Sandy Zedella enjoyed a comfortable lifestyle at her spacious three-level townhouse in Lake Barrington. Then one day last March, the avid golfer bent down to put on her house slippers and broke her back, which had deteriorated from a pre-existing condition. Two months later, she broke her arm after the kitchen chair she was leaning on tipped over, sending her crashing to the floor.
Glenview, Ill.-based homebuilder Edward R. James Companies has announced that Brighton Mews, a 29-unit luxury townhome development in the heart of Park Ridge, Ill., has only one unit left for sale.
Maintenance-free community to deliver 32 single-family homes in prime North Shore location
CHICAGO (Jan. 3, 2017) – Glenview, Ill.-based homebuilder Edward R. James Companies announced it received seven Gold Key Awards from the Homebuilders Association of Greater Chicago (HBAGC) for two of its communities. Brighton Mews, a 29-unit townhome community in Park Ridge, Ill., was awarded two Gold Key Awards in the Townhome and Duplex category for Excellence in Architectural Design and Excellence in New Construction, and one for Excellence in Community Design in the category of Landscape Design. Westgate at The Glen, a 171-unit community in Glenview, Ill., earned three Gold Key Awards for Excellence in Architectural Design in the categories of Single Family, Rowhome and Townhome, as well as one for Excellence in Community Design in the category of Land Planning.
Buying a home in some markets is like being in a gladiator ring. Multiple rounds of showings and getting into — and losing — bidding wars can leave you feeling defeated. If you’re growing weary of wading through an increasingly shrinking inventory of resales, there’s another possibility worth considering: buying new construction.
The high-density product type is spreading out from its California roots.
