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What Does a Recession Do To The Housing Market?
A major concern plaguing the country right now is around the possibility of a recession. We haven’t seen a recession since the 2008 financial crisis, and now we could be headed for one. For real estate investors, we answer a pertinent question, what does a recession do to the housing market? While the US housing market took…
Read MoreWhat 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 MoreChicagoland 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 MoreAffordable 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 MoreSoaring Home Prices Are Roiling Appraisals and Upending Sales
This is a reprint of an article from the Wall Street Journal. We have a solution to the Appraisal Problem. Click the link at the bottom of the article. By Nicole Friedman Oct 11, 2021 Jason and Talitha Brooks listed their house in Orange Park, Fla., in June at $320,000. After receiving multiple bids, the couple…
Read MoreBiden’s Proposed Tax Changes: What Investors Should Know
Biden’s Proposed Tax Changes: What Investors Should Know This is a repeat of an article from Amanda Han – A CPA specializing in Tax Strategies Many of you have been anxiously awaiting this information for several months, and it is finally here. We now have more insight into what the proposed tax policies and…
Read MoreThe smart way to buy a new home before you sell your old one
The smart way to buy a new home before you sell your old one Knock +Kale Realty https://s3.amazonaws.com/reibb-users-media-library/u16029/wp-content/uploads/sites/28/2021/09/Social_Video_HowItWorks_Kale_Realty-1.mp4 How does the Knock Home Swap work? The Knock Home SwapTM empowers you to buy your new home prior to selling your old house on the market for maximum value. Here’s how it works: 1. We’ll get…
Read MoreBlack Knight Says 1.45 Million Mortgages Remain Seriously Past Due
The national delinquency rate saw a 5% reduction in July and at 4.14% is now down by nearly half since May of last year Delinquencies have now improved in 12 of the last 14 months, with the two monthly increases being calendar-related as opposed to being indicative of worsening performance While overall delinquency volumes continue…
Read MorePending Home Sales Down 1.8% in July
Pending Home Sales Down 1.8% in July WASHINGTON (August 30, 2021) – Pending home sales dipped modestly in July, noting two consecutive months of declines, according to the National Association of Realtors®. Only the West region registered a month-over-month gain in contract activity, while the other three major U.S. regions reported drops. All four regions…
Read MoreMay 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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