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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!

      QUOTE OF THE WEEK “Price is what you pay, value is what your get.”—Warren Buffett, American investor and philanthropist     NATIONAL MARKET UPDATE   The Mortgage Bankers Association reports purchase mortgage applications shot up 9% for the week. They see purchase activity, “ahead of last year’s pace…more green shoots as we […]

      QUOTE OF THE WEEK “I want my children to have all the things I couldn’t afford. Then I want to move in with them.”—Phyllis Diller, American stand-up comedian, actress, author     NATIONAL MARKET UPDATE   Pending Home Sales slipped just over 4% in January, but the National Association of Retailers noted: […]

  QUOTE OF THE WEEK “Your brand is what people say about you when you’re not in the room.”—Jeff Bezos, American businessman, founder of Amazon   NATIONAL MARKET UPDATE New home completions rose 7.6% in January and are up 9.8% the past year. Home starts and permits were down for the month, but single-family starts […]

GOALS DON’T MATTER IF YOU DON’T HAVE A PLAN At this point, you will likely have some exciting goals in mind for your business this year. To turn these goals into reality, it’s essential to have a solid plan in place. With a clear roadmap, you’ll be well-equipped to achieve your objectives and reach new […]

BUSINESS TIPS       A SIMPLE, STRAIGHTFORWARD GUIDE TO BUSINESS PLANNING   It’s been said that a goal without a plan is just a dream. If your goal is to succeed, you need a business plan outlining how you’re going to get there. A plan shows where to focus your time, energy, and money. […]

  QUOTE OF THE WEEK “Don’t wait to buy real estate. Buy real estate and wait.”—Will Rogers, American vaudeville performer, actor, and humorous social commentator   NATIONAL MARKET UPDATE Realtor.com reports the real estate market appears to be cranking up for spring, Inventory keeps growing—giving buyers more options versus last year—and prices keep falling, now […]

HOW SELLERS CAN USE THEIR EQUITY TO BUY THEIR NEXT HOME     One of the biggest financial advantages of owning a home is the amount of equity you build up over time. This happens as you pay off your mortgage and as your home’s market value may increase. Right now, homeowners across the country […]

  QUOTE OF THE WEEK “What’s the use of happiness? It can’t buy you money.”—Henny Youngman, English-born American comedian and musician   NATIONAL MARKET UPDATE Ending the year on a positive note, residential construction spending in December came in 1.5% ahead of the month before. The seasonally adjusted annual rate of $939.5 billion was 6% […]

  QUOTE OF THE WEEK “If you spend too much time thinking about a thing, you’ll never get it done”—Bruce Lee, Hong Kong-American martial artist, actor, filmmaker, and philosopher   NATIONAL MARKET UPDATE New Home Sales rose in December for the second month in a row, a 6.7% year-over-year gain, to their highest level since […]