05/04/2026
I talk to a lot of buyers who say, "๐โ๐ฆ ๐ ๐จ๐ข๐ง๐ ๐ญ๐จ ๐ฐ๐๐ข๐ญ ๐ฎ๐ง๐ญ๐ข๐ฅ ๐ ๐๐๐ง ๐ฌ๐๐ฏ๐ ๐ฆ๐จ๐ซ๐."
But hereโs the thing โ in the Chicago area, home prices rose as much as 6-8% across Chicago and Suburban Cook County over the last year. That means the home youโre eyeing today could cost thousands more next spring.
If you bought a $400,000 home one year agoโฆ
๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐
๐๐ ๐๐๐๐๐ $424,000โ$432,000 ๐๐๐
๐๐.
๐ป๐๐๐โ๐ $24,000โ$32,000 ๐๐ ๐๐๐๐๐๐ โ ๐๐๐๐ ๐๐๐๐๐. Equity you built simply by owning the home.
If you waited insteadโฆ๐ป๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐ $24,000โ$32,000 ๐๐๐๐ ๐๐๐๐ ๐๐ ๐
๐๐
๐๐๐๐ ๐๐๐๐.
Thatโs money you now have to pay, instead of money you could have gained.
๐จ๐๐
๐๐๐๐๐๐๐๐ ๐๐๐๐๐? Theyโve barely moved โ hovering within roughly 0.25โ0.50% of last yearโs levels.
๐ฉ๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ = ๐๐๐ ๐๐๐๐๐๐
$24๐ฒโ$32๐ฒ.
๐พ๐๐๐๐๐๐ = ๐๐๐ ๐๐๐ $24๐ฒโ$32๐ฒ ๐๐๐๐.
๐ฐ๐ถ๐๐ ๐๐๐๐ ๐๐๐๐๐
๐ ๐๐๐๐๐๐.
๐ป๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐.
