Home Ownership

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…

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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.…

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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…

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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…

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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…

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Inflation Rate at 40 Year High

The U.S. Bureau of Labor Statistics, who tracks the inflation Rate is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in January, 2022.  However, the all items index was up 7.5% for the 12 months ending in January.  Inflation Rate Buckle up… Click here to read the full release at the Bureau…

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How Does New Credit Impact Your Score/FICO

We’re not credit experts but we have a referral partner National Care Credit  (NCC) who are.  This is the latest from NCC. The new credit section of your credit is broken down into basically two parts: Inquiries (where you have already received brilliant tips on) and new accounts. When obtaining a new account, regardless of…

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Eviction crisis unfolds as courts process backlog of filed cases

by Lindsey Wells  December 21, 2021   Eviction filings are rising as millions of Americans are being forced from their homes months after lawmakers allowed the federally imposed eviction moratorium to expire.  The federal eviction ban, along with other state and federal laws imposed during the height of the pandemic, was a lifeline for those…

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Down Payment Misperceptions Persist

Tackling Home Financing and Downpayment Misconceptions This is a reprint of a National Association of Realtors Article January 7, 2022 Financing & Credit By: Jessica Lautz The article below is a reprint from the National Association of Realtors (NAR). Please note that we have some referral lenders with conventional lending programs with as little as 3.5…

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WHERE ARE THE BEST SUBURBS FOR CITY-LIKE LIVING?

The Dallas and Chicago metro markets offer some of the best suburbs for city-living and suburban atmosphere, according to StorageCafe. By Vincent Salandro Courtesy Adobe Stock While the suburbs have not always been able to compete with cities in terms of lifestyle offerings, shifting expectations in recent years have caused many suburban areas to offer more…

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