Hoffman Estates IL Real Estate - Is cash really king?
By Lyn Sims, Real Estate Broker Retired
Cash is king again? Conventional financing has officially taken back the crown for financing types in Hoffman Estates so far this year. I was poised to write about how cash has taken over the market from a national survey but was surprised to find that is not the case in Hoffman Estates! Still have to wonder where all these folks are getting their cash to purchase these homes. Investors are obviously working with it so they can purchase those sub-level properties that will not be able to be financed because of condition. We will see by the end of the year or the 1st quarter of 2014 if Conventional takes an even larger market portion because of the higher FHA costs that were implemented in 2013. Schaumburg Market showing opposite RealtyTrac Graphs are national.Inman Article