Market Update For the Week of April 16, 2018
Fannie Mae's latest Home Purchase Sentiment Index reports more people say now is a good time to buy--and more also say now is a good time to sell. Happy Spring!
Posts
How Does the New 2018 Tax Law Affect Homeowners?
Do you own a home? New tax laws are being implemented for 2018. See how these new laws may affect you.
Market Update For the Week of April 9, 2018
Info That Hits Us Where We Live Black Knight reports tappable equity hit $5.4 trillion in February, 10% higher than its 2005 all-time high. This is the amount a homeowner can borrow against before reaching an 80% loan-to-value ratio. First mortgage balances climbed to $8.8 billion, close to their pre-recession peak. But the report’s economist …
Market Update For the Week of April 2, 2018
Info That Hits Us Where We Live The spring buying season started off nicely, as Pending Home Sales reversed course and went up 3.1% in February. This measure of contracts on existing homes indicates more closed sales ahead. The National Association of Realtors (NAR) chief economist noted, “the expanding economy and healthy job market are …
March Chicago Metro Housing Stats
Here’s your monthly Chicago Metro housing stats video. Please feel free to share. And think of us with any client financing needs!
Market Update For the Week of March 26, 2018
Info That Hits Us Where We Live After heading down two months in a row, Existing Home Sales flew back up in February, increasing 3.3%, to a 5.54 million annual rate. Demand remains strong: 46% of homes sold in less than a month. New Home Sales were flat in February, off just 0.6%, to a 618,000 …
4 Questions to Boost Your Success This Year
For your most successful year ever, ask yourself the following four questions.
Market Update For the Week of March 19, 2018
Info That Hits Us Where We Live After a spectacular January, Housing Starts took a break in February, dipping 7.0%, to a 1.236 million annual rate, all due to multi-families. Starts are still close to a post-recession high, single-family starts up 2.9% for the month and 2.9% for the year. Building Permits also fell for the …
6 Ways to Boost Your Credit Score
Pay more than the minimum. Paying the minimum just covers the interest. Paying over the minimum can help credit scores. Pay on time. Late payments can hurt credit scores. For help, sign up for notifications from creditors, your bank or online services. Keep balances below 30% of your limit. If your limit is $3,000, your …
Market Update For the Week of March 12, 2018
CoreLogic reports January home prices gained 6.6% annually, noting: "Entry-level homes have been in particularly short supply, leading to more rapid home-price growth compared with more expensive homes."
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Jim Passi
Regional Manager
NMLS# 158000
1284 West Northwest Hwy.
Palatine, IL 60067
Mobile: 847-899-1813
Email: jim.passi@alamedamortgage.com
He was professional and easy to work with
Jim helped me with the purchase of my first single family residence. He was professional and easy to work with. My purchase was definitely not an easy transaction to complete as I also had a sale contingency, in the transition of becoming a full time employee and about to go on maternity leave. We closed both home transactions timely without any issues on the same day. Thank you and the team for making my first residential home purchase become reality especially on time before the baby’s arrival. I would recommend Jim and his team for your next home purchase.
Charlene C.