McCleary Group January Sales

House sold signMcCleary Group is proud to announce January has been a very busy month for its clients!  Megan and Tom McCleary are thrilled to have closed on four west suburban homes, all within the past few weeks. Plus, the month isn’t over yet! McCleary Group has two more listings about to close as well. So while some say winter is slow, Megan and Tom want to assure buyers and sellers they will provide top real estate services any time of year!

Looking to sell your luxury listing? The McCleary Group would be happy to set up an appointment. Please visit McClearyGroup.com to learn more. If you choose to work with Megan and Tom McCleary, you will have the top real estate team in the western suburbs working hard to sell your home quickly and professionally.

Please see below for more information on our latest sales in the western suburbs of Hinsdale and Burr Ridge, IL.

434 S Vine Street Hinsdale, IL
434 S Vine Street Hinsdale, IL
6231 Cove Creek Court, Burr Ridge, IL
6231 Cove Creek Court Burr Ridge, IL

2016: To Buy or Not To Buy A Home

Home Buying_iStock_000082193423_FullJust a few months ago, analysts were predicting 2016 to be the year of rising mortgage rates, but January’s stock market volatility has proven otherwise.  So, if you have been holding off on buying a home, you may want to reconsider.  According to recent articles from the Chicago Tribune , Crain’s and CNN Money, there are several factors influencing how the real estate market will perform this year.

Despite the Federal Reserve’s December increase, mortgage rates have actually gone down. A 30-year mortgage is currently under 4 percent.  Of course, the stock market plays a daily role on the real estate front, but those who are looking to buy, or refi, are in a good position to do so.  According to the Chicago Tribune article, Fannie Mae economist Mark Palim anticipates mortgage rates will rise in 2016, but the growth will be gradual.

iStock_000010047551_Full
CNN Money says another factor helping boost buyer confidence is home prices are expected to even out.   This varies from market to market, but overall, home values are expected to stabilize. Another bonus for buyers, inventory is set to increase.  Inventory, or the number of homes for sale at any one time, plays a large role for both buyers and sellers.  The more homes for sale, the more options, and bargaining power, buyers will have.

Rental costs are another reason you may want to consider owning sooner than later. According to Crain’s Chicago Business, the median net suburban rent per square foot rose 5.5 percent in Q3 of 2015, 25 percent higher than in 2009. DuPage County was slightly lower, but still increasing 4.6 percent from 2014.

While the economy, mortgage rates and rental costs play a factor in the overall housing market, buying a home is still a very personal decision.  If you have any questions about whether it is the right time for YOU to purchase a home, the McCleary Group can help.  Please feel free to contact Megan McCleary and Tom McCleary here.

 

 

Top Home Design Trends in 2016

Pantone recently announced Rose Quartz and Serenity as the top two tones of 2016!  These complimentary colors are just one element influencing design ideas in the new year.  Houzz also put together a list of 25 home design trends, so we thought we would bring you our top 5 favorites!

Kitchen Cabinet TrendsColor Blocking Kitchen Cabinets
Love it or hate it, two-tone cabinets have slowly been making their way into modern kitchens and this theme is now high on buyers’ look lists.  Designers suggest keeping the upper cabinets a clean white or light color and then choosing a darker, even whimsical, tone for the bottom drawers and doors.  If you have an island, flow the darker color through to tie the whole look together.

Go Big!
Extra-large tile formats are the go-to look for today’s contemporary rooms.  Houzz suggests dimensions closer to 31 x 71 over the already widely used larger 12 x 24 tiles. Consider updating your kitchen back-splash or the fireplace surround which will draw eyes for a minimal and clean look.

Formal Diningdining room design
While many homeowners have turned their dining rooms into more casual eating areas, 2016 wants you to bring back the beauty! If you entertain frequently, consider amping up your space with a dramatic lighting fixture or bold wall covering. High-back, upholstered chairs are also a nice touch for a formal feel.

Fabulous Reflections
Statement mirrors are an easy way to upgrade your bathroom. Rather than one large, wall mirror, or the traditional medicine cabinet variety, consider mounting two circular mirrors above each sink.  The trend is to mix and match materials such as wood and metal.  Suspending the mirrors with ropes or from a metal rod can also add an industrial element to your bathroom.

Bold Bedrooms
Striking features are not just for dining these days.  This trend also extends to the bedroom.  Bedroom DesignDesigners suggest statement wall-coverings and continuing the look on to the ceiling. Reclaimed wood headboards that frame the bed and extend up the wall are also an idea for those who prefer a more rustic look.

 

For more 2016 home design trends, you can read the full Houzz article here and don’t forget to follow the McCleary Group while you’re there!