Author: Modern Times Homes

New housing data released in July 2025 reveals a changing landscape for home sellers across the country—and Illinois is no exception. If you own a home in Rockford and are thinking about selling, here’s what you need to know about the latest market shifts and how they could affect your plans. National Trends Are Shifting … Continued

In the midst of rising homelessness across Illinois, state leaders have announced a $14.6 million cut to affordable housing and homelessness prevention programs. This move, effective as of July, has left housing advocates stunned and worried — especially as demand for housing assistance reaches record highs. But what does this mean if you’re a homeowner … Continued

If you’re a homeowner in Rockford, Illinois, you may have noticed something alarming on your most recent insurance bill. Home insurance premiums in Illinois have skyrocketed by 27% year-over-year — one of the largest increases in the nation. According to a recent CNBC report, only Nebraska, Arizona, and Illinois have seen rate hikes this steep. … Continued

June’s real estate trends show a surprising shake-up: home delistings jumped 47% year-over-year in May. That means more sellers are withdrawing listings rather than dropping prices or accepting lower offers The MortgagePoint -+5Realtor+5RISMedia+5MarketWatch+6RealEstateNews.com+6New York Post+6. But what does this mean locally in Rockford, Belvidere, and Machesney Park—and how can it impact your home-selling strategy? ❗ … Continued

President Trump’s proposed “Big Beautiful Bill” is making headlines again — and for good reason. If passed, this sweeping tax and housing legislation could significantly impact homeowners, sellers, and real estate investors across the country, including right here in Illinois. But what exactly is in this bill? And what does it mean if you’re thinking … Continued

When Warren Buffett’s Berkshire Hathaway makes predictions about the housing market, people listen. Recently, Berkshire’s real estate division sounded the alarm: agent-led home sales are expected to decline sharply in 2025. With fewer agents, slower sales, and rising mortgage rates, the traditional way of selling a house is starting to crumble. So what does that … Continued

Mortgage rates have been a central focus for homeowners, buyers, and real estate investors ever since they began surging in 2022. Fueled by inflation and the Federal Reserve’s interest rate hikes, these elevated rates have priced many buyers out of the market and left would-be sellers stuck in place. But a new approach from the … Continued

If you’ve been waiting for the right time to sell your house in Rockford, Belvidere, Hoffman Estates, or anywhere in the greater Chicago area, the latest housing market predictions for 2025 are worth paying attention to. According to a recent article by TheStreet, real estate experts are anticipating a “major market reset”—and that shift could … Continued

If you’ve been wondering why home prices are still sky-high—even as interest rates have climbed and buyers are more cautious—you’re not alone. Many homeowners in Rockford, Hoffman Estates, Belvidere, and across Illinois are shocked that prices haven’t dropped like they expected. In fact, home prices in many areas are still rising, and supply remains tight. … Continued

If you bought your home a few years ago and locked in a low interest rate — somewhere in the 2–3% range — you might feel like you won the mortgage lottery. But now, maybe your lifestyle has changed. You need more space, you want to downsize, or you’re relocating for work or family. Unfortunately, … Continued

According to recent Realtor.com data, the U.S. housing market is presenting a shift: home inventory is up 31.5% year-over-year, marking the 19th consecutive month of increases realtor.com. While demand hasn’t collapsed, homes are now taking longer to sell, signaling a more competitive market. 🔍 Key Trends From May 2025 Why This Matters to Illinois Sellers … Continued

According to a recent MSN report, the U.S. housing market could see a noticeable cooldown this year—meaning home prices may finally start to soften. With higher mortgage rates and increasing inventory, sellers across Illinois (including Rockford, Belvidere, and surrounding areas) may find themselves facing a slower market and more competition. Wondering how this impacts your … Continued

With the 2025 election season heating up, former President Donald Trump is proposing a sweeping new tax reform bill, calling it his “big, beautiful tax bill.” While most of the media focus has been on its political implications, this proposal could have a major ripple effect on the U.S. housing market — including in places … Continued