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    QUOTE OF THE WEEK “The first of April is the day we remember what we are the other 364 days of the year.”—Mark Twain, American writer and humorist   NATIONAL MARKET UPDATE   The Pending Home Sales index of signed contracts on existing homes rose in February. The National Association of Realtors noted …

Inside Lending | Market Snapshot for the Week of April 1, 2024 Read More »

#MotivationMonday

    QUOTE OF THE WEEK “A step backward, after making a wrong turn, is a step in the right direction.”—Kurt Vonnegut, American writer and humorist   NATIONAL MARKET UPDATE   The housing market appears to be picking up. Existing Home Sales surprised with a 9.5% gain in February, the biggest in a year, following …

Inside Lending | Market Snapshot for March 25, 2024 Read More »

#MotivationMonday

    QUOTE OF THE WEEK “Indecision may or may not be my problem.”—Jimmy Buffett, American singer-songwriter   NATIONAL MARKET UPDATE   More homebuyers are appearing as we move into the hot spring selling season. Demand for purchase mortgages rose for the second week in a row—up 7.1% for the week, according to the Mortgage …

Inside Lending | Market Snapshot for the Week of March 18, 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! Visit our social media pages for more informational tools!

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  QUOTE OF THE WEEK “Why do they call it rush hour when nothing moves.”—Robin Williams, American actor and comedian   NATIONAL MARKET UPDATE   Buyers are back. The Mortgage Bankers Association reports applications for purchase mortgages, down for more than a month, jumped 11% over the prior week. Even refinance applications were up 8% …

Inside Lending | Market Snapshot for March 11, 2024 Read More »

  QUOTE OF THE WEEK “One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.”—William Feather, American publisher and writer   NATIONAL MARKET UPDATE   January sales of new single-family homes rose for the second month in a row and are …

Inside Lending | Market Snapshot for the Week of March 4, 2024 Read More »

#MotivationMonday