Posts by Eugene Beckles
Why we don’t really want U.S. Debt Default
U.S. Debt Default Could Spike Home Buying Costs by 22 Percent A Debt Default Would Immediately Overwhelm Buyers With 8 Percent Or Higher Mortgage Rates Based on new research by Zillow, the U.S. government defaulting on its debt, which could become a reality as soon as June 1, 2023 without intervention, could send the typical…
Read MoreMBS Highway’s May 2023 Housing Survey
More than half of respondents are now seeing home price increases. MBS Highway’s May 2023 Housing Survey showed that home prices have passed an inflection point and are moving higher. This marks the 5th-straight month of improving activity levels and sentiment. 72% of respondents characterized their local buyer activity as ‘Very Active”, ‘Somewhat Active’, or…
Read MoreMiddle-income Homeowners Gained More Than $120,000 in Wealth Over the Past Decade From Home Appreciation
KANSAS CITY, Mo. (April 18, 2023) – A new housing report by the National Association of Realtors® reveals middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% in the last 10 years. The report, Wealth Gains by Income and Racial/Ethnic Group, speaks to the value agents and Realtors® bring to consumers when helping…
Read More12 Ways To Make Passive Income From Real Estate Investing
12 Ways to Make Passive Income From Real Estate Here are 12 ways to make passive income from real estate investments. If you want to be a fully passive investor, the first four are for you! 1. Publicly-Traded Real Estate Investment Trusts (REITs) REITs publicly traded in the stock market are often considered the easiest, more…
Read MoreContracts narrow year-over-year gap in Chicagoland area
Last week’s 20% rise in residential listings under contract in MRED’s marketplace ushered in the largest single-week contract total since late August. That increase also narrowed the year-over-year gap to a 3% annual decrease, the smallest margin in three months.
Read MoreHow To Calculate ROI On A Rental Property
Real estate is widely considered the best and more consistent investment around. However, calculating the value of your investment is more challenging than checking your monthly bank statement. Multiple ways to calculate your return on investment (ROI) for a rental property exist. How you choose to do so depends on your situation. In this article, we’ll discuss…
Read MoreFirst-Time Home Buyer !!! – Why Buy Now?
Why it’s always smart to consider a buying a home Some information for the first-time homebuyer. You can use your federal tax refund and turn it into a down payment on your dream home There are down payment assistance programs out there like MSHDA where they can potentially receive up to $10,000 in down payment assistance while potentially putting…
Read MoreWhy Investing in Real Estate in 2023 Could Be A Good Decision
If you’ve had thoughts about investing in a property anytime soon, now may be the best time to do it! Keep reading to find out why. Strong rental demand One of the most compelling reasons to invest in real estate is the potential for steady rental income. With more and more people opting to rent…
Read MoreWhat the Housing Market Could Look Like in 2023
If you are considering buying or selling a home in 2023, please give us a call or email us at [email protected]! We’ll guide and help you to get a sense of what is happening in your local market! You can also reach us at (312)818-2584. The housing market has been a hot topic over the…
Read MoreNew-home sales rise again in November
New single-family home sales increased for the second month in a row in November, rising 5.8% month over month to an annual rate of 640,000, while the median price of a new home sold during the month fell from an all-time high set in October, the U.S. Census Bureau and the U.S. Department of Housing…
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