Real Estate with Jake | October Newsletter

Real Estate with Jake

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Assorted orange, cream, and green pumpkins and gourds packed together.

“There is no season when such pleasant and sunny spots may be lighted on, and produce so pleasant an effect on the feelings, as now in October.” 

— Nathaniel Hawthorne
 

Read on for homeowner seasonal tips you should consider and discover lifestyle tips curated just for you!

Market Updates

September market charts show rising sale prices, faster sales, flat inventory, and homes selling closer to list price.

Compass Coming Soon

Compass Coming Soon promotion: “Early to list. Early to sell. Only with Compass Coming Soon.”
Check out Jake's monthly hand-curated picks for Compass Coming Soon listings. Chicago has real estate in all shapes, sizes, and price-points. Let us help you find your place in the world before someone else finds it first.

Real Estate in the News

Aerial view of a suburban cul-de-sac surrounded by colorful autumn trees at sunset.
 
Will The Housing Market Cool Off This Fall?

Today’s hot housing market is one of the peculiar outcrops of the pandemic. Housing supply was already low before Covid-19, but it was further hampered as lockdowns took place and people began looking for new homes, driven by a host of reasons—from the desire to leave populated cities to better home offices or just fear of missing out.

The Federal Reserve’s steps last year to keep the financial markets liquid and to ensure mortgage rates stayed low have continued. But the low mortgage rates pale in comparison to soaring housing prices in the past year.

Local Events

Pumpkin festival with a pumpkin-covered house, visitors, and glowing lights beneath a city skyline.

Jack's Pumpkin Pop-up

September 23rd - October 31st

The interactive pop-up experience is back in Chicago! There's a corn maze, thousands of pumpkins, ax throwing, carnival games, food trucks, twinkling orange light displays and more fall fun to be had at this pop-up experience. Buy your tickets here.

Chicago Marathon

October 10th

It's almost that time of year again where the streets are filled throughout the city. Come out and run with us for the annual Chicago Marathon! You can also come out to cheer on all of the participants while enjoying the fresh fall air.

Bank of America Chicago Marathon

Lifestyle Tips & Tricks

White house with green shutters and a columned porch beneath colorful autumn trees.

U.S. Housing Market Dynamics Are Slowing and Shifting to Buyers’ Advantage

The U.S. housing market showed signs of normalizing in August, with more homes coming on the market and price growth slowing, according to a report Thursday from realtor.com.

New listings ticked up 4.3% year over year in August, although inventory was down 25.8% compared to the same time in 2020, the data showed. That’s an improvement compared to July, when inventory was down 33.5% annually. 

White two-story farmhouse with a covered porch decorated for fall with pumpkins and chrysanthemums.

Prep Your Home for the Season

As the season begins to change, it's time to prep your home for falling leaves, cooler weather, and, eventually, winter storms. Tackling a few fall home maintenance tasks now can help ward off issues later in the season, so you can enjoy everything you love about autumn worry-free.

Here's Why Fall Is the Perfect Time for Some Major Landscaping

We looked to landscape architect Margie Grace of Grace Design Associates and Joe Raboine, director of Belgard Residential Hardscapes, to share emerging landscaping trends and help us prepare our landscapes for a season of hosting, harvesting, and finding solace in the great outdoors.

Wooden hot tub and cushioned loungers in a shaded, boulder-lined garden.
Neuschwanstein Castle above a vivid autumn forest, with mountains in the distance.
The Best Places to Travel in October

As much as we love beach lounging in summer and exploring snowy wonderlands in winter, there's something extra special about traveling during the fall. Aside from fewer tourists and lower prices, October brings harvest festivals, Halloween parties, and the best foliage of the year.

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