Jay Caracci is a licensed real estate broker in the State of Illinois. A graduate of DePaul University School of Commerce with a major in marketing, and a concentration in sales leadership. With over 12 years of professional experience, and an extensive sales, negotiating, and marketing background.…
Jay updates his listeners on the Bears closing on the Arlington Park Race Track and some things he anticipates comes along with the move.
Jay shares some of his experience and the experiences of his clients from the last 18 months and gives his ideas on where the market is headed.
Jay shares his thoughts on how the media may be overblowing the demise of the Housing Market by reviewing the most recent MRED Market Reports.
Jay talks current mortgage rate and how that will impact Home Buyers and Sellers in both the short and longterm.
Jay talks about the state of the housing market and explains why now may be a good time to reenter the world of real estate.
Jay shares tips to help make your next open house a success.
Jay review market statistics from May and explains where things are headed.
Jay shares a simple tip to help home owners to help prevent major issues to your home.
Jay review April 2022 Statistics and shares what he is seeing in market.
Jay shares the very first thing a buyer should do before beginning the process to purchase a home.
Jay shares tips on how Sellers can best handle the same day or double closing, and help facilitate a smooth move.
With interest rates on the rise, I've been fielding a ton of questions on when we should start to see home prices fall. Looking at housing numbers, projections, and from my experience in market, I don't believe they will come down for a while. That being said they may begin to stabilize as the year progresses. For perspective, our local markets on average has been hovering around 1.5 months of inventory. That number was around 5 months at the end 2019. 6 months is a balanced market. Low inventory is the primary reason we are seeing so many bidding wars, which is driving prices up. Simply put, the supply isn't meeting the demand. For home prices to begin to fall we need to be at 7-12 months on inventory. Where is that inventory coming from? Even if we have a wave of foreclosures, move-up buyers pull the trigger on bigger homes, and we have a mass rush to downsize, it's going to take some time to build up inventory to a level where it's a buyers market and prices fall. IMO, this will take years, not months. Contrary to popular belief, I do not consult a magic ball when sharing my opinion on the real estate market. This is my opinion as a broker. Having lived in this business for the past decade, I've seen all types of markets; buyers, sellers, balanced, and broken. Nobody can predict what is going to happen. You can use numbers, statistics, trends, and experience to evaluate the situation and make an educated guess on what direction the market might be headed. In the meantime, If you are looking to sell now is still a great time. We need inventory! My buyers are eager to move and my sellers are happy to cash out on their built equity. If you are a homeowner and aren't planing a move, you should still see 3-6% annual appreciation even when the market stabilizes.
Jay explores an Inman article discussing when experts expect a return to normalcy in the housing market.
Jay shares information regarding the Chicagoland Real Estate market.
Jay shares a new service that can transform an outdated home for a fraction of the cost, while delivering a better experience for home sellers.
Jay shares his opinion and discusses some of the pros and cons of what the Chicago Bears move could mean to Arlington Heights.
Jay shares 5 tips to making your best offer.
Jay shares trends he is seeing from sellers and buyers and where he believes the fall market will end up.
Jay gives a recap on last weekends Arlington Amateur and how he fared in his second tournament.
Jay explains where interest rates are currently at and how you can take advantage of this if you are a home owner or a potential home owner.
Jay shares some types and tricks on how to create great listing copy.
Jay talks about what you should be prepared for during your next home inspection and gives some simple tips on how to maximize the time spent in the home.
Jay shares numbers from Freddie Mac and NAR that illustrate where the market is headed and what it will cost buyers to wait.
Thinking about selling your home? Jay shares some helpful tips on how to maximize your return.
Jay explains what appraisal gap coverage is and how it may come into play if you are bidding over ask in todays real estate market.
Jay reviews a report from Core Logic that talks about where home prices currently are and where they might be headed into 2022
Jay talks about some investing misses this past year and how he plans to learn and grow from those mistakes.
Jay talks about the new work from home environment and shares some emerging trends in interior design.
Jay is noticing a trend from sellers this year. Are these strategies creating artificial demand? or Are Buyers just yearning for homes to buy? We discuss on todays episode.
Jay shares some tips on how to stay relevant in a competitive market and how to make sure your offer is the winning one.
Jay shares 13 easy tips every seller should do to prepare their home for sale.
Jay talks about growing up a Bills fan and why all he can think about for this Saturday is the Buffalo Bills.
Jay shares some of his favorite golf courses he plays regularly or has played in the past.
Jay reviews economic data pointing to the Housing Market and reviews where things might be headed in 2021
In todays uncertain climate many sellers are delaying listing their home for sale. Jay discusses how many agents are adapting to help sellers get a deal done.
With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house.
Jay talks about an exciting new tool his brokerage is using to make delivery of earnest money deposits easier for buyers.
Jay shares his ideas on politics and how the politicians should go positive to sell themselves to Americans like myself.
Jay talks about his first individual golf event and how things went for him at the Arlington Amateur
Jay celebrates 7 years into his real estate career and shares some things he's learned along the way.
You are under contract! Congratulations! Now What? Jay shares 10 tips on how to make sure your inspection goes smoothly.
How are families adapting to work from home and home schooling?
Jay talks a recent experience with an HOA and how bogus rules and regulations killed a deal.
Jay talks about some creative ways agents are getting their listings in front of clients and how the current pandemic is sparking interest in home ownership
Jay talks about how he is staying busy while at home during this pandemic.
Jay talks about some of the reasons why real estate is considered "essential" during a pandemic.
Jay gives a real estate update on how the market is reacting to the current shelter in place order.
Jay talks about what the fed reducing rates to Zero really means to your mortgage and how to navigate the real estate market during these current times.