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More Recovery on the Way For Housing Market?

by mbraddick

Confidence in the Chicago metro real estate market continues to grow.  Real estate professionals, buyers, and sellers are viewing the market more favorably and are encouraged by data that shows a continued recovery.  Although the overall economy continues on a slow rebound, the housing market has been boosted by increases in new construction, reduction in distressed properties, and record low interest rates. There has been a rise in new home starts as buyer confidence grows.  Both of these indicators contribute to the overall health of the real estate market.  The market for new single-family homes in June showed the largest one month gain in almost a decade.  Every region of the country showed an increase in buyer confidence regarding current market conditions, the possibility of future sales, and an increase in potential buyers. It is important to remember that the housing market is always in flux.  What is true today may not be true tomorrow, but the overall trend supports the prediction that we will continue on the path to recovery. Take advantage of a strong Illinois home sales market right now and get in touch with The Rullo Teamtoday at 888-457-8005. Image via: stock.xchng

57th Annual Ginza Festival in Chicago Coming Up in August

by mbraddick

The Annual Ginza Festival is one of August's most anticipated events in Chicago. Sponsored by the Midwest Buddhist Temple this Japanese cultural festival is a celebration of the people, art, and history of Japan. The Ginza Festival is held each year on the second weekend in August in Historic Old Town Chicago. Highlights include:

  • 5 Waza craftspeople from Japan
  • Continuous live stage performances of music, dancing, and martial arts
  • Japanese cultural demonstrations including bonsai, Ikebana, Japanese literature, and Japanese textiles
  • Vendors selling Japanese items
  • A wide variety of Japanese cuisine

The Ginza Festival will be held Friday, August 10 from 5:30 - 9:00 pm, Saturday, August 11 from 11:30 am - 9:30 pm, and Sunday, August 12 from 11:30 am - 6:00 pm. A benefit donation of $6 for adults and $5 for students and senior citizens will be collected at the door.  Children 12 and under are free with a paying adult.  Saturday night's special performance of Yoke Noge's Japanesque Band will begin at 8:00 pm.  The admission fee will be $10 after 7:00 pm on Saturday night. The Ginza Festival is an excellent way for you and your family to enjoy a summer day while learning more about Japanese culture! And for more info and events from the metro Chicago and St. Charles area, make it a point to regularly visit us here at the Alex and Vicky Rullo real estate blog. Image via: stock.xchng

If you enjoy antique shopping and are in the Chicago area, you don't want to miss St. Charles IL antique shopping.  For many years, the Chicago area has been known as being a good place to shop, as there have always been numerous unique shopping opportunities as well as a fair amount of wealth.Kane County Flea Market.  It is worth planning your trip around the Kane County Flea Market.  It is located at the Kane County Fairgrounds between Routes 64 and 38 on 525 South Randall Road in St. Charles.  Parking is free and located off of Randall just past the front gate.  The next flea market dates are August 4 and 5.  Admission is $5.00 for adults.  Children under 12 get in for free. St. Charles Antique Stores.  St. Charles offers nearly 30 different antique stores.  Start with Amazing Grace Antiques, which features over 14 rooms of everything antique from primitive through Victorian.  You don't want to miss Arbor Avenue Antiques with unique antiques including home decor and vintage finds housed within an 1840s stone cottage. For more information about St. Charles IL antique shopping and other things to do in the St. Charles area, be sure to visit our official Alex and Vicky Rullo real estate blog every week. Image via: Flickr

So you finally feel the time is right to look about buying a home in the Chicago metro area. With interest rates at historic lows, this is definitely time to do so. However even previous home-owners can make first-timer mistakes when it comes to buying a new home. Before buying, make sure you are aware of the following things. Be Prepared:

  • Check your Credit: With 4-out-of-5 credit reports have errors, you might not be getting the loan amount you should .
  • Know Your Limits: Figure out home much you can afford and then get a pre-approved loan which takes into account not just the mortgage payment also such things as property taxes, utilities and the like.
  • Hit the Books: Do the research before ever starting looking at homes. The internet is filled with property value info, crime statistics and economic information for the neighborhood you are interested in.
  • Do the Research: Knowing the values of nearby homes can help one in negotiating an inflated price down. If not mandate by the state, be sure to have the home inspected so you don’t end up with a lemon of a home.
Be Knowledgeable
  • Seller’s Needs: Knowing how much the seller needs to sell and by when can help in price negotiations.
  • No Strings! Make sure to find out if there are any liens on the property you may be liable to pay.
  • Not a Race: Don't get yourself sucked into a bidding war. Walk away before you pay more than you should.

If you're looking to buy a home in the metro Chicago area, get in touch with The Rullo Team today at 888-457-8005. Image via: Flickr

There's no denying that home sales have an overall effect on a community's economic outlook.  Home sales in the Illinois real estate market have an impact on a variety of local retailers including furniture, hardware, appliances, and housewares. There are many ways that home sales can affect the retail market:

  • Furniture Many new homeowners discover their old furniture isn't quite right for the new house or they need to purchase specific pieces to fill spaces.  Local furniture stores see an increase in sales as more new homeowners are looking for  pieces to furnish their home.
  • Home improvements Some homeowners choose to complete home improvement projects themselves while others opt to hire the work done.  Both stimulate the economy by either spending money at a local hardware store or hiring a small business to complete the work.
  • Appliances Depending on the sales contract the appliances may not be included.  When homeowners move into a new house they may need to purchase a refrigerator, washer, or dryer. They may also want to upgrade the appliances that were included with the home.
  • Housewares Some of the unforeseen costs for new homeowners are small items such as hoses, trash cans, hand towels, or area rugs.  Local retailers see a boost as homeowners visit stores to stock their new homes!

As the Illinois real estate market continues to recover there will be a greater demand for local retail outlets. This is good news for both real estate and retailers! Take advantage of a strong Illinois home sales market right now and get in touch with The Rullo Team today at 888-457-8005. Image via: Flickr

Bob Leonard 5k Run/Walk Event Coming Next Month

by mbraddick
There are a variety of family friendly community events in St. Charles, IL this summer that you can participate in.  The Bob Leonard 5K Run/Walk benefits the River Corridor Foundation of St. Charles. There is a $25 fee for both the run and walk that includes a race t-shirt.Held on August 11, there are three fun events your family can choose from:
  • 5K Challenge Run This chip timed race begins and ends at Pottawatomie Park and follows a USATF certified course. Sign in begins at 7:00 a.m. and the race steps off at 8:00 a.m.
  • Family Walk The pet and stroller friendly 2.7 mile walk follows the Fox River through downtown. The walk begins at 9:30 am and sign in starts at 8:30 am.
  • Kids' Turtle Hurdle Obstacle Course This fun event designed specifically for children ages 4-11 begins with a sign in at 8:45 a.m. Course practice begins at 9:30 a.m. with timed trials kicking off at 10:30 a.m.
For more information about the Bob Leonard 5K Run/Walk you can visit the River Corridor Foundation of St. Charles' website.  This fun day offers plenty for the entire family and is an excellent way to support the local community. For information on living in the St. Charles and metro Chicago areas, always come visit our website at www.TheRulloTeam.com. Image via: Flickr

Check Out Some of the Best Furniture Stores in Chicago

by mbraddick
You've just moved into your new house and suddenly your furniture just doesn't seem right.  The style may be wrong, the size may not fit the scale of the new rooms, or you need new pieces to fill a bigger space.  Don't worry, there's plenty of great furniture shoppingin the Chicago metro area.
-Room and Board This furniture store has a little bit of everything filling its three floors of retail space dedicated to classic designs updated for today.  They are committed to working with small furniture companies as their primary furniture suppliers.  80% of all furniture sold at Rom and Board is produced in the United states. 
- Jayson Home and Garden Serving both your interior and exterior furniture needs, this Clybourn corner store is inspirational.  Everywhere you turn you'll feel inspired to design, transform, and update your new home. You'll find unique, high quality furniture, accessories, and fixtures. 
- Affordable Portables Lifestyle Furniture If you're furnishing your new home on a budget this is the store for you.  This store specializes in ready to assemble pieces that are fashionable, durable, and affordable.  There is an extensive selection of futons, tables, bookshelves, chairs, and dressers.
Photo Courtesy of: tachyondecay on Flickr

Taste of Chicago Event Happening Soon

by mbraddick
The Taste of Chicago, one of the most anticipated summer events in Chicago, is nearly here.  This annual event brings over 2.5 million visitors to Grant Park in downtown Chicago for delicious food and drink, amazing musical performances, and numerous other family friendly events.Details of the Taste of Chicagoinclude: -July 11 - July 15 from 11:00 am - 9:00 pm each day -Admission to the Taste is free and tickets for food and beverages are $8.00 for 12 tickets.
  • Discounted tickets are available at all Dominick's stores from July 5 - 10 for $7.00
  • Tickets to the Chef du Jour events and concert seating are available at the Taste of Chicago website via Groupon.
  • Guests are encouraged to use public transportation to reach the festival.  If you choose to drive you can park at the Millennium Garage.
  • There are multiple events that are a part of the Taste.  They include the Dominick's Cooking Corner, Humana Race to Taste, Fleet Feet Sport's Kids' Dash, Chicago SummerDance, and the Wine Garden. Details for all of these events can be found at the website.
  • It is best to plan ahead for your trip. You can get more details and a downloadable map online.
Photo Courtesy of: epSos.de on Flickr

Displaying blog entries 1-8 of 8

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