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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!

Do you own a home? New tax laws are being implemented for 2018. See how these new laws may affect you.

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 9, 2018 Read More »

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 …

Market Update For the Week of April 2, 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!

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 …

Market Update For the Week of March 26, 2018 Read More »

For your most successful year ever, ask yourself the following four questions.

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 …

Market Update For the Week of March 19, 2018 Read More »

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 …

6 Ways to Boost Your Credit Score Read More »

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."