Posts Tagged ‘#chicagodiscountproperties’
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 MoreUnderstanding the Real Estate Investment Return Metrics
Introduction Passive real estate investors will often find themselves bombarded with various deals to consider. Making sense of each opportunity to buy investment property can take time. Evaluating deals is some combination of art and science. Understanding the nuances of the local marketplace, competition, etc. is the art. The science involves digging into the numbers…
Read MoreFHA Move on Multifamily Loans to Spur More Housing
The Federal Housing Administration announced Thursday it is increasing the threshold for large multifamily loans for the first time in a decade. © MarkHatfield – iStock/Getty Images Plus With crisis-level inventory shortages plaguing the housing market, the National Association of REALTORS® praised the Federal Housing Administration’s decision Thursday to increase the loan threshold for large…
Read MoreUS Single-Family Rent Growth Continues Yearlong Descent in April, CoreLogic Reports
Single-family rent growth continued to slow year over year in April to 3.7%, down from about 14% at the same time in 2022 All U.S. metros for which CoreLogic tracks data saw rents increase by single digits or less, except for Las Vegas, which posted a small annual loss Despite the slowing gains, single-family rental…
Read MoreBuilder Confidence Moves into Positive Territory in June
Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in 11 months. If you are looking for new construction homes in the Chicagoland area check here Builder confidence in the market for newly built single-family homes in June rose five points…
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 More12 Ways To Make Passive Income From Real Estate Investing
Here are 12 ways to make passive income from real estate investments. If you want to be a fully passive investor, the first four are for you! 1. Publicly-Traded Real Estate Investment Trusts (REITs) REITs publicly traded in the stock market are often considered the easiest, more affordable way to invest in real estate. In the…
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