This summer, the real estate market is feeling the impact of rising costs. July saw existing-home sales dip by 1.7% from June, though sales are still up 0.7% compared to last year. With mortgage rates hovering around 6.6% and inventory remaining low, many buyers are taking a cautious approach. The median home price now stands at $434,100, creating real affordability challenges—especially for those entering the market for the first time. Having called Lake County home since 1959 and with over two decades of experience serving buyers and investors throughout Chicagoland and nearby Wisconsin, I understand how these market shifts affect families and investors alike. Whether you’re navigating residential, investment, or commercial decisions, having a local expert who can analyze both the numbers and the neighborhoods truly matters.
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