Featured Blog Posts

For buyers, the market is beginning to show signs that are in the buyer’s favor following two years of an extremely strong seller’s market. However, we are seeing interest rates remain high despite the long-term projections. It is important for buyers to take into consideration their buying power as higher rates put pressure on monthly payment amounts.

It is most notable that while there is still a significant shortage of homes available in inventory, the market is showings signs of moving back to a state of relative equilibrium. Prices remain strong though marketing times are increasing significantly. This is likely due to seasonality of the market (see graph “Number of Sales by Month”), combined with high interest rates.

Investing in residential real estate can be a great way to build wealth and financial security for you and your family. There are many benefits to this type of investment, including the potential for long-term appreciation, steady rental income, and the ability to leverage your investment. In this blog post, we will explore the benefits of investing in residential real estate and how it can help you build generational wealth.

Month-over-month sales in Champaign-Urbana saw and increase of 8.1% between October and November ($181,000 in October and $195,500 in September). This follows a decline in median sales prices in Q3, which stabilized in September. Marketing times have risen significantly, at 100 days on average, and is well above the average for the prior two years

Month-over-month sales in Champaign-Urbana saw median sales prices stabilize after two months of decline in August and September. ($181,000 in October and $181,500 in September).  Marketing times remain low – below 30 days.  Please also note that year-over-year median sales price increases are still above average 6.1%.