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    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 »

    QUOTE OF THE WEEK “If you can’t fly, then run. If you can’t run, then walk. If you can’t walk, then crawl, but whatever you do, you have to keep moving.” — Dr. Martin Luther King, Jr.   NATIONAL MARKET UPDATE   The Mortgage Bankers Association reports demand for purchase loans was up …

Inside Lending | Market Snapshot for the Week of January 15, 2024 Read More »

    QUOTE OF THE WEEK “The only normal people are the ones you don’t know very well.”—Alfred Adler, Austrian medical doctor and psychotherapist   NATIONAL MARKET UPDATE   Spending on residential construction in November grew a solid 1.1% above October, and 3.7% ahead of last year. Best of all, the emphasis was on single-family …

Inside Lending | Market Snapshot for the Week of January 8, 2024 Read More »

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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! Visit our social media pages for more informational tools!

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