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What’s Your House Worth Now? The Answer May Surprise You

(Published on - 4/26/2025 5:14:16 PM)

Let’s talk about something you might not check nearly as often as your bank account – and that’s how much your home is worth. But when it comes to your financial situation, it’s an important thing to remember. When’s the last time you had a professional show you the value of your home?

Think about it. For most people, your house is probably the biggest asset you have. And if you’ve owned your home for a few years (or longer), chances are it’s been quietly building wealth for you in the background. And honestly? You might be surprised by just how much. 

What Is Home Equity?

This wealth you may not even realize you have comes in the form of home equity. Home equity is the difference between what your house is worth and what you still owe on your mortgage. It grows over time as home values rise and as you pay down your mortgage each month. Here’s an example to help you really understand how this works.

Let’s say your house is now worth $500,000, and you have $200,000 left to pay off on your loan. That means you have $300,000 in equity. And most homeowners are sitting on some pretty significant equity right now.

According to Cotality (formerly CoreLogic), the average homeowner with a mortgage has about $311,000 in equity.

Why You Probably Have More Than You Think

Here are the two main reasons homeowners like you have record amounts of equity right now:

1. Significant Home Price Growth. According to the Federal Housing Finance Agency (FHFA), home prices have jumped by more than 57% nationwide over the last five years (see map below):

a map of the united statesAnd if you purchased your home a few years ago (or more), this means your house is likely worth much more now than when you first bought it, thanks to how much prices have climbed lately.

2. People Are Living in Their Homes Longer. Data from the National Association of Realtors (NAR), shows the average homeowner stays in their home for about 10 years now (see graph below):

a graph of blue bars with orange textThat’s longer than it used to be. And over that decade? You’ve built equity just by making your mortgage payments and riding the wave of rising home values.

So, if you’re one of those people who’s been in their home for that long, here’s how much the behind-the-scenes price growth has helped you out. According to NAR:

“Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation.”

What Could You Actually Do with That Equity?

Remember, your house might be your biggest financial asset – and, if you’re smart about how you leverage your equity, it could open up some exciting opportunities for your future.

  • Use it to help buy your next home. Your equity could help you cover the down payment on your next home. In some cases, it might even mean you can buy your next house in all cash.
  • Renovate your current house to better suit your life now. And, if you’re strategic about your projects, they could add even more value to your home if you do sell later on.
  • Start the business you’ve always dreamed of. Your equity could be exactly what you need for startup costs, equipment, or marketing. And that could help increase your earning potential, so you’re getting yet another financial boost.

Bottom Line

Chances are, your house is worth a lot more than you realize. Whether you’re thinking about selling, upgrading, or simply want to understand your options, your equity isn’t just a number. It’s a tool.

If you sold your house and had significant equity to work with, what would you do with it? Connect with an agent to figure out how to turn your home’s value into your next big move.

Source: Keeping Current Matters

Realty Executives Midwest

1310 Plainfield Rd. Ste 2 | Darien, IL 60561

Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


Do You Think the Housing Market’s About To Crash? Read This First

(Published on - 4/18/2025 9:48:13 PM)

Do You Think the Housing Market’s About To Crash? Read This First

Lately, it feels like a lot of people have been asking the same question: “Is the housing market about to crash?”

If you’ve been scrolling through social media or watching the news, you might have seen some pretty scary headlines yourself. That’s why it’s no surprise that, according to data from Clever Real Estate70% of Americans are worried about a housing crash in 2025.

But before you hit pause on your plans to buy or sell a home, take a deep breath. The truth is: the housing market isn’t about to crash – it’s just shifting. And that shift actually works in your favor.

Today’s Inventory Keeps the Housing Market from Crashing

Mark Fleming, Chief Economist at First American, says:

There’s just generally not enough supply. There are more people than housing inventory. It’s Econ 101.”

Think about it. If there’s a shortage of something – like tickets to a popular concert – prices go up. That’s what’s been happening with homes. We still have a shortage of supply. Too many buyers and not enough homes push prices higher.

Check out the white line for 2025 in the graph below. Even though the number of homes for sale is climbing, data from Realtor.com shows we’re still well below normal levels (shown in gray):

a graph of sales and pricesThat ongoing low supply is what’s stopping home prices from dropping at the national level. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“… if there’s a shortage, prices simply cannot crash.”

More Homes for Sale Means Price Growth Is Easing

And, as more homes become available, that takes some of the intense upward pressure off home price growth – leading to healthier price appreciation.

So, while prices aren’t falling nationally, growing inventory means they also aren’t rising as fast as they were. What we’re seeing is price moderation (see graph below):

a graph of green barsAnd according to Freddie Mac, that moderation should continue through the rest of this year:

“In 2025, we expect the pace of house price appreciation to moderate from the levels seen in 2024, while still maintaining a positive trajectory.

Put simply, that means prices will continue going up in most areas, just not as quickly. That’s good news for anyone who’s been having trouble finding a home and feeling sticker shock from the rapid price appreciation of the past few years.

But of course, what’s happening with prices and inventory is going to vary by local market. So, talk to your agent to find out what’s happening where you live.

Bottom Line

Don’t let the talk scare you. Experts agree that a housing market crash is unlikely in 2025. As Business Insider reports:

 

. . . economists who study housing market conditions generally do not expect a crash in 2025 or beyond unless the economic outlook changes.”

 

Instead, we’re heading into a housing market that’s healthier and more balanced, with slower price growth and more opportunity.

 

Chat with a local real estate agent about what’s happening in your local market and how you can make the most of it.

Source: Keeping Current Matters

Realty Executives Midwest

1310 Plainfield Rd. Ste 2 | Darien, IL 60561

Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


Take your real estate career to its pinnacle at Realty Executives Midwest in Darien, IL

(Published on - 4/15/2025 6:55:36 PM)

If you were to create your own real estate company, what would it be like? What would you put on the list of “musts” to make it work for YOU?


Would these be included on your list?

  • Make it a culture of top real estate agents in the western Chicagoland area that possess the highest degree of integrity, give them the freedom and flexibility to make the business choices that would bring about the best results for their clients.

  • Provide agents the latest real estate technology tools to best promote their business and save time, such as Transaction Management System which would allow them to conduct their business paperless from anywhere and anytime. This great tool comes with a digital signature feature which allows agents to complete agreements in a quick and efficient manner.
     
  • Have the best skilled real estate support team to help with marketing, implementation of all the savvy tools available, as well as training (including one-on-one).

  • Offer choice of custom commission plans that allow you to keep more of your hard earned dollars, including 100% commission plans.

  • Create an inspiring environment, one of mutual respect, fun, camaraderie and team spirit where agents are always willing to help one another and share ideas.

If this resembles your list, then you'll be glad to know that we've already created such a company for YOU!

Realty Executives Midwest in Darien has been attracting the best of the best ever since opening its doors in 1991, creating a culture of entrepreneurial real estate professionals who are passionate about what they do and motivated by a sense of healthy competition.

Jana Pinc, managing broker of Realty Executives Midwest in Darien says:
 “When we chose to join the REALTY EXECUTIVES International network 25 years ago, it was the best decision we could have made. This franchise is built on exactly the same ideals and concepts that we believe in and I am impressed by the innovative tools and resources offered to help agents promote themselves and grow their business.”

See what our agents and others have to say about us. Make a smart decision - stop being an Agent and start being an Executive. Explore Realty Executives Midwest in Darien today.

Contact Jana Pinc, CRB, Managing Broker, by calling 630-969-8880, via email at experts@realtyexecutives.com, or simply complete the form on our Join Us page.


Best Faux Greenery for the Home

(Published on - 4/12/2025 5:34:45 PM)
Two fake plants potted nicely.

Adding greenery to a space instantly makes it feel more inviting, but keeping real plants alive isn’t always easy. If you’ve struggled with watering schedules, low-light conditions, or just don’t have time for plant care, realistic fake plants are the perfect solution. They bring the same fresh, vibrant look without maintenance. The trick is choosing high-quality options that mimic the texture, color, and movement of real foliage. Here’s a roundup of the best faux greenery to elevate your home décor.

Best Faux Greenery for Any Room

1. Fiddle Leaf Fig Tree

One option for faux greenery is the fiddle leaf fig tree.

The fiddle leaf fig is a designer favorite, but it’s notoriously finicky. A high-quality faux version captures its broad, veined leaves and upright growth without the hassle. Look for options with a mix of deep green and lighter hues to mimic natural variation. A sturdy base and flexible branches add to the realism.

2. Monstera Plant

Known for its dramatic, split leaves, the monstera brings a tropical feel to any room. The best faux versions feature realistic perforations, a mix of matte and glossy textures, and a slight curl at the edges. Place one in a decorative pot with moss or small pebbles for an authentic touch.

3. Snake Plant (Sansevieria)

High quality snake plants fit in well with modern home decor.

Snake plants have stiff, upright leaves with striking variegation. A well-made faux version should have slightly rough edges and a natural color gradient, from deep green at the base to lighter yellow or white streaks. These look great in modern, minimalist spaces and require no upkeep.

4. Pothos Vine

Trailing plants like pothos add a lush, cascading effect to shelves and hanging planters. A high-quality faux pothos should have a mix of new-growth lime green leaves and mature deep green ones, along with flexible, draping vines. Arrange them naturally to avoid a stiff, artificial look.

5. Olive Tree

A popular option for faux greenery in the home is a potted olive tree.

The olive tree trend is here to stay, but real ones need plenty of light and care. A realistic faux olive tree should have thin, slightly dusty green leaves, tiny faux olives, and a natural-looking trunk with some texture. It fits beautifully in neutral-toned spaces.

6. Ferns

Ferns add softness and movement to a room, making them perfect for bathrooms, bookshelves, or entryways. The best faux versions have delicate, feathered fronds with slightly curled tips. Look for a mix of bright and dark green shades to replicate fresh growth.

7. Eucalyptus Stems

Fake eucalyptus stems can easily be used in home decor.

Eucalyptus adds a modern, elegant touch to vases and floral arrangements. Real eucalyptus dries out quickly, but high-quality faux stems maintain their silvery-green color and delicate round leaves. Choose flexible wire stems to adjust the shape as needed.

8. Succulents

Succulents are often mistaken for fake plants because of their waxy appearance—but low-quality fakes can look too plastic-like. The best ones have a soft, powdery finish on the leaves, subtle color variations, and slightly asymmetrical growth patterns. Group them in small ceramic pots for a natural effect.

9. Palm Trees

A high quality palm tree is one way to use faux greenery to change the aesthetic in your home.

A faux palm tree brings instant vacation vibes to a room. The most convincing ones have long, arching fronds with slightly jagged edges and textured trunks. They work well in bohemian, coastal, or tropical-inspired interiors.

10. Topiary Plants

For a polished, structured look, topiaries are an excellent choice in faux greenery. Boxwood or myrtle topiaries in decorative pots create an elegant entryway or tabletop display. Opt for versions with varying leaf sizes and slight imperfections to avoid a too-perfect, artificial look.

How to Make Fake Plants Look More Realistic

  • Choose high-quality materials – Look for silk, PE (polyethylene), or latex-coated leaves instead of shiny plastic.
  • Fluff and bend branches – Adjust the shape and spacing of leaves for a natural, non-uniform appearance.
  • Use real pots and planters – Place faux greenery in ceramic, terracotta, or woven baskets instead of cheap plastic pots.
  • Add natural elements – Cover the base with real soil, moss, or small pebbles to blend seamlessly with real plants.
  • Place them strategically – Position fake plants where real ones could realistically grow, like near windows or grouped with live plants.

Faux greenery offers the beauty of live plants without the work. Whether you prefer towering fiddle leaf figs, trailing pothos, or modern eucalyptus stems, there’s a high-quality option that suits your space. The key is choosing well-made pieces and styling them thoughtfully for a natural look. Which one are you adding to your home?

Source: Realty Executives

Realty Executives Midwest

1310 Plainfield Rd. Ste 2 | Darien, IL 60561

Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


Things To Avoid After You Apply for a Mortgage

(Published on - 4/5/2025 5:52:51 PM)

Some Highlights

  • Once a lender has reviewed your finances as part of the homebuying process, you want to be as consistent as possible. Don’t make any big changes that could affect your mortgage application.
  • Here are a few tips. Don’t change bank accounts or apply for new credit. And this one may surprise you, don’t buy appliances or furniture for your next home yet either.
  • The best tip of all? Before you do anything financial in nature, talk to your lender first.

 

Source: Keeping Current Matters

Realty Executives Midwest

1310 Plainfield Rd. Ste 2 | Darien, IL 60561

Office: 630-969-8880
E-Mail: experts@realtyexecutives.com


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