Home Ownership

Lease Purchase Program- lets you pick out a home listed for sale to rent, and buy if you want to.

How Lease Purchase Began  When the Great Recession of 2008 hit, the mortgage market changed forever. Thousands of people across the country wanted to purchase a great single-family home, but were unable to as a result of the tightening credit requirements. Current Home Partners CEO, Bill Young, began strategizing a solution to this problem by providing access to capital that…

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May 2021 Market Snapshot

May 2021 Market Snapshot MARKET SNAPSHOT — CITY OF CHICAGO May 2021 Market Snapshot- *The City of Chicago Market Snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS®. 3,403 properties were sold in the City of Chicago in May 2021. This…

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The 26 Best Curb Appeal Ideas for Every Budget

  Curb Appeal Ideas for $0 – $500 1. Create a Seating Area on the Porch Estimated cost: Free – $500 Will you need to hire a contractor? No 2. Use Lawn Paint to Make a Brown Lawn Green Again Estimated cost: $150 Will you need to hire a contractor? No 3. Add New House Numbers Estimated cost: $20 –…

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Mortgage Rates Rise Above 3%

For the first time in 10 weeks, mortgage rates inched above 3%—and the era of 2% rates may be over. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year,” said Sam Khater, Freddie Mac’s chief economist. “For those homeowners who…

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Chicagoland Weekly Real Estate Snap Shot – Week of June 22

Chicagoland Weekly Real Estate Snap Shot- The final week of spring marked the third consecutive week of active listing increases in MRED’s marketplace. 61,025 total active listings were in connectMLS as the calendar flipped to summer, the first instance of 61,000+ active listings since December of 2020. Learn more in MRED’s Weekly Market Snapshot.        …

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Is The Housing Market Going To Cool Off Soon

Is the housing market going to cool down? According to data provided by the Federal Reserve, inventory bottomed out nationally in October, hitting levels we haven’t seen since 2004. This has led to one heck of a seller’s market over the last couple of months.  The months supply of inventory for single-family homes in Chicagoland…

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How Student Loans Impact Your Credit Profile- Need Help?

Student Loans Impact on Your Credit Student Loans- There are a lot of people out there who receive tremendous benefits from student loan assistance. This doesn’t include the 30% of people who obtain one only to drop out of school early, or for our 300,000 waiters and waitresses that have a Bachelor’s degree. It’s certainly…

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Cities Where Homes Are Selling The Fastest

Homes Selling Fast & Inventory Down The market has an unusually constrained supply of homes for sale. Real estate inventory usually shifts on a seasonal basis, dropping in the winter and picking up in the warmer months. COVID-19 interrupted these trends when the pandemic emerged in March. Inventory held flat during the spring but began…

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New Report Proves Owning a Home Is Cheaper Than Renting- Time To Buy

Owning Cheaper Than Renting ATTOM Data Solutions released its 2021 Rental Affordability Report earlier in January. The report gave many insights, but this was perhaps the most interesting: ATTOM found that owning a median-priced three-bedroom home was actually more affordable than renting the same type of property in 63% of the 915 counties analyzed across the United States.…

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