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Info That Hits Us Where We Live After heading up in February and March, the Pending Home Sales index of contracts signed on existing homes dipped 1.3% in April. Economists expect a modest bump in closed sales in May. For the year, the National Association of Realtors (NAR) predicts existing home sales will grow to 5.54 million, …

Market Update for the Week of June 4, 2018 Read More »

Here's your market update for the week of May 29, 2018.

Start the day early. Get things done without interruption. Respond to emails.  Do your to-do list, beginning with what you need to accomplish the first two or three hours of the day. Throw in some exercise. Time block the day. Set aside time for research, contacting clients and prospects, cold calling for new leads, meetings …

8 keys to success in business—and in life! Read More »

Info That Hits Us Where We Live In home building, the overall upward trend remains, as April Housing Starts were 10.5% ahead of a year ago, at a 1.287 million annual rate. Single-family starts were up 0.1% for the month, though overall starts declined 3.7%. Single-family permits were up 0.9% in April, which bodes well for …

Market Update for the Week of May 21, 2018 Read More »

Info That Hits Us Where We Live Americans’ confidence in the housing market reached an all-time high in April’s Fannie Mae Home Purchase Sentiment Index. The share of Americans who say now is a good time to sell also hit a record high, so more listings should come to market. Rates have moved little, which Freddie …

Market Update for the Week of May 14, 2018 Read More »

Here are seven key steps to follow if your home suffers a major loss.

Info That Hits Us Where We Live Heading north for the second month in a row, Pending Home Sales posted a 0.4% gain in March. Tight inventories in many markets kept this measure of contracts signed on existing homes down from a year ago. Are homes really less affordable? The latest First American Real House …

Market Update for the Week of May 7, 2018 Read More »

Info That Hits Us Where We Live The first good news was that Existing Home Sales rose 1.1% in March to a 5.60 million annual rate. Yeah, they were down a tick from March 2017, but that month had the second highest sales pace last year. Then, March New Home Sales also surprised to the upside, …

Market Update For the Week of April 30, 2018 Read More »

Here’s your monthly Chicago Metro housing stats video. Please feel free to share. And think of us with any client financing needs!

Housing Starts were up 1.9% in March, at a 1.319 million annual rate. Yes, the gain was all from the volatile multi-family sector, but single-family starts are up 5.2% the past year and keep driving trend growth.