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  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,” …

Inside Lending | Market Snapshot for the Week of February 26, 2024 Read More »

    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 …

Inside Lending | Market Snapshot for the Week of February 20, 2024 Read More »

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!

#MotivationMonday

    QUOTE OF THE WEEK “The problem with winter sports is that—follow me closely here—they generally take place in winter.”—Dave Barry, American humor columnist and author   NATIONAL MARKET UPDATE   For the week ending February 3, Realtor.com reports a 12.2% rise in active for-sale inventory, powered by a 12.8% boost in new listings, …

Inside Lending | Market Snapshot for the Week of February 12, 2024 Read More »

#MotivationMonday

    QUOTE OF THE WEEK “The chief function of the body is to carry the brain around.”—Thomas A. Edison, American inventor and businessman   NATIONAL MARKET UPDATE   Spending on residential construction in December went up 1.4% from November, with spending on single-family homes up a solid 1.6%. Spending is up 9.9% on single-families …

Inside Lending | Market Snapshot for the Week of February 5, 2024 Read More »

#MotivationMonday

    QUOTE OF THE WEEK “Doing nothing is very hard to do…you never know when you’re finished.”—Leslie Nielsen, Canadian-American actor and comedian   NATIONAL MARKET UPDATE   Sales of new homes finished 2023 up 8.0% in December, 4.2% ahead of 2022, their first yearly gain since 2020. Good news for buyers, the median price …

Inside Lending | Market Snapshot for the Week of January 29, 2024 Read More »

  QUOTE OF THE WEEK “I’m not always right, but I’m never wrong.”—Garfield, comic strip cat created by Jim Davis   NATIONAL MARKET UPDATE   Housing Starts were up a solid 7.6% compared to a year ago despite being off a bit during holiday-shortened December. The past year, single-family starts are up a very strong 15.8%, …

Inside Lending | Market Snapshot for the Week of January 22, 2024 Read More »