Home Ownership
LUMBER PRICE UNCERTAINTY PERSISTS AS HOUSING MARKET IS POISED FOR EXPANSION
Supply-side limitations, such as mill curtailments and forest fires, coupled with housing strength have caused lumber prices to rise in recent months. By Vincent Salandro Adobe Stock While the lumber outlook was bearish as recently as a few months ago, changes in the market that impacted supply—including mill curtailments and forest fires—and housing strength caused…
Read MoreAvoid The ComEd Rate Hike setting rate hike- ComEd requesting $1.5billion rate increase
ComEd’s requested $1.5 billion rate increase over the next four years would increase its profits more than improve its stated clean-energy priorities, the Citizens Utility Board says. Click Here to find out How To Avoid The Comed Rate Hike- About 8% less than ComEd- Lock in your Rate for 3 years. No penalties if you…
Read MoreHomeownership is Closer Than You Think- Downpayment Assistance
We’re always asked if we have lenders with access to downpayment assistance. The answer is yes. All of our lender partners have access to downpayment assistance, but our in house broker at Kale Realty has a near Nationwide Downpayment Program. The short 7 minute video below explains the 3 programs. 3.5% Forgivable downpayment assistance- Princeton…
Read MoreWhy 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 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 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…
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