General

    QUOTE OF THE WEEK “A step backward, after making a wrong turn, is a step in the right direction.”—Kurt Vonnegut, American writer and humorist   NATIONAL MARKET UPDATE   The housing market appears to be picking up. Existing Home Sales surprised with a 9.5% gain in February, the biggest in a year, following […]

#MotivationMonday

    QUOTE OF THE WEEK “Indecision may or may not be my problem.”—Jimmy Buffett, American singer-songwriter   NATIONAL MARKET UPDATE   More homebuyers are appearing as we move into the hot spring selling season. Demand for purchase mortgages rose for the second week in a row—up 7.1% for the week, according to the Mortgage […]

#motivationmonday

  QUOTE OF THE WEEK “Why do they call it rush hour when nothing moves.”—Robin Williams, American actor and comedian   NATIONAL MARKET UPDATE   Buyers are back. The Mortgage Bankers Association reports applications for purchase mortgages, down for more than a month, jumped 11% over the prior week. Even refinance applications were up 8% […]

  QUOTE OF THE WEEK “One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.”—William Feather, American publisher and writer   NATIONAL MARKET UPDATE   January sales of new single-family homes rose for the second month in a row and are […]

#MotivationMonday

  QUOTE OF THE WEEK “Drawing on my fine command of the English language, I said nothing.”—Robert Benchley, American humorist and movie actor   NATIONAL MARKET UPDATE   Sales of existing homes in January scored a 3.1% gain over December. The National Association of Realtors saw this as “the start of more supply and demand,” […]

    QUOTE OF THE WEEK “If I were two-faced, would I be wearing this one?”—Abraham Lincoln, 16th president of the United States   NATIONAL MARKET UPDATE   The Mortgage Bankers Association reports January loan applications for new homes rocketed up 19.1% from a year ago and 38% over December, the strongest January read the […]

Here’s your monthly Chicago Housing Stats video, courtesy of The Jim Passi Team at Alameda Mortgage Corp. For all of your home financing needs in Illinois, Wisconsin, Michigan, Indiana, Georgia, Tennessee, or Florida, call The Jim Passi Team today at 847-899-1813! Follow our social media pages for more informational tools!