Posts Tagged ‘#chicago Real Estate’

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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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…

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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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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…

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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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14 Questions to Ask Before You Hire a General Contractor

When looking to hire a contractor for your building or remodeling project, you may feel a little overwhelmed and unsure of how to guarantee they are not only legit but also the best at what they do. Do you remember playing the game 20 Questions as a kid? Hiring a contractor is similar. You have…

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How Often Does An LLC Pay Taxes

If you’re considering starting a Limited Liability Company (LLC) or restructuring your business as an LLC, it’s important to know how often an LLC pays taxes and how to file business taxes for an LLC. As an LLC, your company benefits from receiving personal liability protection without the compliance formalities required of a C Corporation.…

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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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Property Management, When Is it Time to Oursource

  Adding properties to your investment portfolio diversifies your risk and can certainly lead to more passive income, but with more properties comes more challenges (and more work). If you have the time and skills to manage multiple properties on your own, more power to you. But, if you’re getting to a point where you’re…

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