An agent with Baird & Warner Real Estate, Anne Ewasko leverages extensive knowledge of the Chicago real estate market to serve her clients. In transacting properties, Anne Ewasko emphasizes a research-driven approach that takes into consideration the latest sales trends.
As reported in Chicago Agent Magazine, mortgage activity, a strong bell weather of overall market performance, is seeing robust gains. According to a U.S. Residential Property Loan Origination Report focused on the second quarter of 2016, Chicagoland mortgage activity rose 24 percent from the previous quarter, with refinance loans down by double digits.
At the same time, pending home sales, as tracked nationally, witnessed their second-highest levels over the past decade. This reflects a scenario of a strong labor market, coupled with increased affordability, as construction costs and sizes of homes have diminished. A key question is whether homebuilding activities can keep pace with demand and ensure that prices remain in the ballpark of what families looking to purchase can afford.
