Posts by Eugene Beckles

How NFTs are making real estate investments more attainable

NFTS in Real Estate Although real estate is often considered a safer investment over stocks, it isn’t for everyone, a reality leading many to look to the digital realm as an alternative. Analysts continue to view real estate as a secure and lucrative investment based on its history of higher returns, especially when compared to…

Read More

Inside Hispanic homeownership rise

Inside Hispanic homeownership rise Inside Hispanic homeownership rise- The rate of Hispanic homeownership is steadily increasing, new data from The National Association of Hispanic Real Estate Professionals (NAHREP) shows. With 8.8 million Hispanic-owned households, more than 48% of Latinos now own homes, reflecting a continual rise since 2014. NAHREP’s 2021 State of Hispanic Ownership report, available…

Read More

Pros &; cons of buying out-of-state rental property

Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on…

Read More

What Happens to Home Prices When Interest Rates Rise?

This article is attributed to New Silver Hard Money Lenders The pandemic has brought about major changes to interest rates, and this has had a knock-on effect on the price of homes in an interesting way. We take a look at what happens to home prices when interest rates rise and what’s next for 2022.…

Read More

Zillow’s Latest Market Report- Zillow Premier Agent

ZILLOW PREMIER AGENT MAY 6, 2022  2 MINUTE READ On the heels of the latest Zillow market report, which showed rising inventory and cooling rents, we spoke with Senior Economist Jeff Tucker for three timely market insights agents need this spring. 1. Inventory rose substantially in March, a welcome return to seasonal norms as interest rates…

Read More

Chicagoland homes are getting snatched up — fast

Chicagoland homebuyers are facing increasingly tough competition as the amount of time homes spend on the market continues to shrink, according to a new report from the Mainstreet Organization of REALTORS®. The monthly report notes that the average number of days spent on the market for suburban detached homes shrank 22.9% in March, year over…

Read More

Reduce Your Tax Bill

5 Simple Ways to Reduce Your Tax Bill Like a Real Estate Pro “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” – Gregory…

Read More

Affordable Chicago Suburbs

8 of the 10 best affordable suburbs are in Chicagoland — with Crystal Lake at No. 1 In December, StorageCafe released a list of the most city-like suburbs with Chicagoland dominating the top spots of affordable Suburbs. Now, a new study from the site investigates the pricing of that premier suburban living — and Illinois suburbs ranked as the…

Read More

BUILDING MATERIAL PRICES MARGINALLY INCREASE DURING FEBRUARY

Building Materials Prices Increase Slightly, Held in Check by Metal, Gypsum, and Concrete Products BY DAVID LOGAN on MARCH 16, 2022 • (1) The prices of goods used in residential construction ex-energy climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials prices increased 20.4%, year-over-year, and…

Read More

New Home Sales Down 4.5% in January

New Home Sales Down 4.5% in January   The U.S. Government is reporting that sales of new single-family houses in January, 2021 were at a seasonally adjusted annual rate of 801k, which is 4.5% lower than December’s revised rate and is 19.3% lower than one year ago.  The median sales price of new houses sold in…

Read More