Posts Tagged ‘#sellyourhome’

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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Your Guide to Homeownership Assistance Grants, Loans & Programs

Homeownership Assistance Whether you’re a buyer, a seller (i.e. an investor trying to sell a newly renovated property) then you should become familiar with the programs below. These programs provide down payment assistance, closing cost assistance,  grants, loans,…. to help people purchase the homes of their dreams in Chicagoland and Illinois. The programs can save…

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FHFA Extending Foreclosure &; Eviction Moratoriums through March

Foreclosure & Eviction Moratoriums FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period Borrowers can now be in COVID forbearance for up to 15 months This is a reprint of a Press Release from FHFA. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the…

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6 Ways to Get Your Offer Accepted in a Hot Market

A number of U.S. housing markets remain red hot. Some are even hotter than they have ever been before! The reason? Low inventory & lots of homebuyers taking advantage of historically low-interest rates. And more buyers means more sellers are getting multiple offers for their properties. So, how can you make your offer stand out…

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2021 Housing Market Prediction

Top 10 Housing Market Prediction  Where is the Housing Market Headed in 202?. Daryl Fairweather of Redfin has made some predictions for 2021. Here’s a summary below. Our comments are included as well. General comment- the housing market will continue to hold strong as the rest of the economy rebounds from the coronavirus-driven. Housing Market…

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How the latest stimulus impacts renters and homeowners

The news has been dominated by whether or not those economically affected by COVID-19 will receive $600 or $1200 from the latest stimulus. As of this writing, the answer is $600.  As a renter or homeowner, what’s the impact of the stimulus. Home Wire provides some detail on how the latest stimulus impacts renters and…

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November 17 Chicagoland Market metrics buck trends with uptick

Several key metrics in MRED’s marketplace ended weeks-long streaks of declines in 2020 during the second week of November. New listings saw a 4% week-over-week increase, but also topped 2019’s totals from the same period by 21%. Other indicators that bounced back after recent declines included listings under contract (14% week-over-week increase) and closed listings (3% week-over-week…

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Economists cautiously optimistic as unemployment rate falls to 6.9%

This is a reprint from the Economist October marks the first month unemployment is half that of April’s 14.7% spike November 6, 2020, 4:16 pm By Alex Roha Share On The U.S. unemployment rate in October hit a new pandemic low of 6.9%, down a full percentage point from September’s 7.9%, the Labor Department said on Friday. With 1.5 million people making…

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