West Suburban Holiday Event Guide 2016

Holiday Events 2016

The western suburbs are full of holiday cheer and events for the whole family. From Hinsdale to Oak Brook, Burr Ridge to Naperville, below are just a few of the top events happening over the next few weeks!

Christmas Walk
Dec. 17
Hinsdale
Santa is making an appearance in Burlington Park this Saturday from 11a – 3p. Visitors can also take part in gingerbread cookie decorating and horse-drawn carriage rides.

Giving Tree
Now – Dec. 24
Burr Ridge Village Center
Help bring a smile to the faces of families in need this holiday. Pick an ornament, buy a gift, feel warm & fuzzy.

Lunch with the Grinch
Dec. 18 – 23
Hinsdale
An annual tradition where kids can enjoy food, a photo with the Grinch, and watch the animated classic!

Christkindlmarket & Adventure to Santa
Now – Dec. 24
Oak Brook Center
Village Green inside mall is featuring various holiday events, including a traditional European holiday market, as well as DreamWorks DreamPlace’s interactive experience where Kung Fu Panda travels to see Santa.

Illumination
Now – Jan. 2
Mortem Arboretum
Lisle

Merry & Bright
Now – Dec. 24
Naperville
Naper Settlement is also featuring a sparkling display of gorgeous glass ornaments from around the globe.

Festival of Lights
Now – Dec. 30
Wheaton
Cosley Zoo becomes a winter wonderland with 20,000 twinkling lights making for a dazzling display of holiday cheer. Trees and holiday crafts are also for sale.

Bubble Bash 2016
Dec. 31
DuPage Children’s Museum
This annual fundraiser is celebrating 15 years. This holiday tradition is for young and old alike. This year’s theme is “Under the Sea” and features music, games, and a ball-drop at noon!

New Year’s Eve with the New Philharmonic
Dec. 31
Glen Ellyn
Maestro Kirk Muspratt will be conducting four special New Year’s Eve performances at the McAninch Arts Center at College of DuPage. Special VIP tickets are available. 

We recommend checking out Discover DuPage for even more holiday events happening in your area this season! Happy Holidays!

Your Real Estate Insider: December 2016

McCleary Group, in cooperation with Berkshire Hathaway HomeServices KoenigRubloff Realty Group,  is pleased to release Your Real Estate Insider for December. This month’s newsletter has updates on trends in Illinois home prices, tips for winterizing your home, as well as a new, McCleary Group luxury listing with stunning water views in Oak Brook! To read the full newsletter, please click the image below, or click here.

Real Estate Insider Dec. 2016 Newsletter

How Will the Election Impact the Housing Market?

HiResThere has been a lot of discussion about how the election may impact the housing market and home owners have been asking a lot of questions.  For many, the item top-of-mind is mortgage rates. Will they go up? If so, how high? Should I re-fi now?  The truth is, even before the election results were in, the Federal Reserve was hinting at increasing interest rates, citing the U.S. economy was finally stable enough to handle the bump. That said, views are mixed in regards to what lies ahead and it has little to do with who you voted for.

Just after the election, Forbes contributor, David Trainer, an independent researcher, believes mortgage rates will likely stay low, despite a slight uptick after the vote.  He believes, despite previous trends, our recent economy has sparked a “new normal” and now it’s the market, not the Fed, ultimately dictating how rates will respond. Historically, homeowners tend not to make big moves when the market is uncertain.  In turn, how consumers respond to real estate impacts other sectors like employment and investments, so the Fed may choose to respond accordingly.  On the other side, experts with CNN Money do predict an increase coming after the Fed meets in December.  The article qualifies this by saying an increase will likely be with short-term rates as 30-year loans are still quite low comparatively.

Ultimately, it still is too early to call according to Janet Yellen, Federal Reserve Chairwoman, in a recent New York Times article. Yellen admits the true economic impacts of the Presidential election are not fully understood at this time. More recently, Business Insider indicated the Fed is leaning towards increasing rates, citing an excerpt from the November’s meeting minutes: “Most participants expressed a view that it could well become appropriate to raise the target range for the federal funds rate relatively soon, so long as incoming data provided some further evidence of continued progress…”.

The takeaway, homeowners and buyers should aware and cautious.  The economy will dictate home price increases, as well as the direction of mortgage rates.  Still, while rates may rise, they are still comparatively low overall.  Also, as the economy improves, so would home valuations.  McCleary Group will do its best to answer any questions its clients may have. Feel free to reach out to the team here.