HUD AWARDS $10 MILLION TO BOOST SELF-HELP HOMEOWNERSHIP HOUSING OPPORTUNITIES
November 29, 2021
HUD AWARDS $10 MILLION TO BOOST SELF-HELP HOMEOWNERSHIP HOUSING OPPORTUNITIESWASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of $10 million in Self-Help Homeownership Opportunity Program (SHOP) grants.The funds awarded will support three national and regional organizations in facilitating innovative homeownership opportunities to communities, especially low-income communities, through the provision ...
Is the housing market cooling off?
November 25, 2021
The COVID-19 housing market underpinned by remote work, pandemic-induced low mortgage rates, and a demographic wave of first-time homebuyers has been among the hottest in the nation's history. Since the onset of the crisis, median home list prices are up 23%. Recently, some of that exuberance has finally left the market. Indeed, since bottoming out this ...
Auto Notification for HUD Properties
November 22, 2021
If for some reason, a property is no longer available when you search HUDHOMESTORE, there is a way to be notified if and when it comes back to market This property may have an accepted contract or it may have been removed a title related matter or another reason. You can be notified via email direct from HUD if ...
Retirement and Changing Housing Needs
November 17, 2021
Since the pandemic, many people have retired earlier than they expected. If you are recently retired, your current home may not fit your new lifestyle. The good news is that in this market, you have probably built up significant equity that can help you purchase your next home. Whether your goal after retirement is to move ...
NAR & DOJ
November 16, 2021
The National Association of REALTORS® (NAR) filed a response to the DOJ in federal court. Their statement is as follows: The Department of Justice’s (DOJ) withdrawal from a fully binding and executed agreement goes against public policy standards and consumer interests. NAR is moving forward on the pro-consumer measures in the agreement and remains committed ...
Commonly asked questions in Real Estate
November 15, 2021
1. How should I prepare my house before selling it?Preparing your home for sale can be a daunting task. Clutter and filth are the enemy here and you want to conquer those first. It’s better to stuff your closets and drawers with things than to leave them in plain sight. You should get ...
Something That May Surprise You
November 15, 2021
The practice of Real Estate differs in many ways from State to State. In Michigan we have several components involved during the course of a transaction. But the main ingredients are Buyers Agent, Seller's Agent, Loan Officer, Inspector and Appraiser. There's also clients too of course, but which one of the aforementioned professionals has a ...
More Homes For Sale - Inventory Growing
November 15, 2021
The number of homes available for sale is slowly rising. “After almost a year of declining inventory, Iowa has seen seven months straight with a gradual increase of homes on the market,” according to the Iowa Association of Realtors.While we are still in a Seller’s Market, the frenzy and multiple offer scenario has moderated, making ...
Is listing your Home a good ideal!
November 15, 2021
https://themreport.com/daily-dose/11-12-2021/is-listing-your-home-soon-a-good-idea ...
More Homes For Sale - Inventory Growing
November 15, 2021
The number of homes available for sale is slowly rising. “After almost a year of declining inventory, Iowa has seen seven months straight with a gradual increase of homes on the market,” according to the Iowa Association of Realtors.While we are still in a Seller’s Market, the frenzy and multiple offer scenario has moderated, making ...
Tips For Inspecting Your Fireplace
November 15, 2021
Preparing your house for winter may not be on the top of your to-do list right now. After all, most of us wouldn’t rather spend their down time doing home maintenance tasks when they could be enjoying the fall foliage, or sipping pumpkin-spiced lattes instead of winterizing their house. But, here’s the reality: you can’t ...
Case Study: Receivership and Probate Services
November 15, 2021
Case Study: Receivership and Probate ServicesClient: Nationwide BankThe ChallengeWhen a condo building in Chicago failed and the Association ran out of money, Parkvue Realty was retained to stabilize the defunct property that was in transition. The building was converted into condos from apartments and the majority of buyers were investors. Therefore, the building was largely tenant occupied. There was ...
Sellers: What to Do When You Can't Find a Home Before Yours Sells
November 15, 2021
https://www.hgtv.com/lifestyle/real-estate/staging-tips-for-selling-during-the-holidayst’s the time of year that calendars are packed with holiday parties, budgets are strained by gift-giving and the roads are covered in freshly fallen snow. Alas, 'tis not the season for real estate. But the good news is that the few brave house-hunters who do venture out are serious about buying a house and ...
3 Definitive Reasons Homes For Heroes is the Authority VA First Time Home Buyer Program.
November 15, 2021
AN OVERVIEW OF HOMES FOR HEROESHomes for Heroes is a service provider program, vetted and approved. It was established to give back to not only military (active, reserves, and veterans), but also firefighters, EMS, law enforcement, healthcare professionals, and teachers. The 2 minute Youtube explainer video above give a basic overview.Being a U.S Navy Veteran myself, I ...
STAGING TIPS - SELLING DURING THE HOLIDAYS
November 14, 2021
It’s the time of year that calendars are packed with holiday parties, budgets are strained by gift-giving and the roads are covered in freshly fallen snow. Alas, 'tis not the season for real estate. But the good news is that the few brave house-hunters who do venture out are serious about buying a house and stylish trimmings ...
Do You Need More Space?
November 12, 2021
Have your belongings outgrown your house? Maybe it's time to Move-up! If your things have reached critical mass, call me, and we'll start looking for a larger home. https://www.searchchicagohomesforsale.com/admin/marketingcenter/media/18776683/?materialtype=Postcards&saveddesign=1...
Lake County ‘Property Check’ program protects residents from mortgage fraud
November 12, 2021
LAKE COUNTY, Ill. (WBBM NEWSRADIO) -- With a nationwide uptick in mortgage fraud, Lake County is reminding residents of its free protection service.© Provided by WBBM Radio Chicago FBIAccording to the FBI, property and mortgage fraud is the fastest growing white-collar crime.“There are mechanisms where someone can have their property taken away from them without their ...
Preparing Your Home For Winter
November 12, 2021
Preparing Your Home for WinterIt is that dreaded time of year when the snow will be here before we’d like it to be, the sun sets earlier and it is colder than we’d like. Before these days are here use these few steps below to ensure your home is ready. It could save you money ...
Consumer prices jumped 6.2% in October
November 11, 2021
The EconomyConsumer prices jumped 6.2% in October, the biggest inflation in 30 years. core inflation, stripping out food and energy, increased 4.6%, the fastest gain since 1991. Wholesale prices rose 8.6% year over year in October, tied for the highest ever. With the big increase in inflation, markets are speculating the Fed will raise policy rates ...
Is The US In Another Housing Bubble?
November 11, 2021
Is The US In Another Housing Bubble?...
HUD AWARDS $36 MILLION TO BOOST LOCAL ECONOMIC DEVELOPMENT AND AFFORDABLE HOUSING PROGRAMS
November 11, 2021
HUD No. 21-184HUD Public Affairs(202) 708-0685FOR RELEASETuesdayNovember 9, 2021 WASHINGTON - More than 250 communities across the country will be able to increase the economic impact of their local community development and affordable housing programs for low- and moderate-income persons through $36 million in "capacity-building" grants awarded by the U.S. Department of Housing and Urban Development (HUD). ...
Ask Your Lender!
November 11, 2021
SO, YOU ARE BUYING A HOUSE…It seems that once a buyer signs a purchase agreement, they do not always realize that certain things that they do will affect their ability to purchase the home. It does not matter if it is a Holiday season, or Back to School time, and the lender will not be happy to ...
Affordable DIY Updates For Your Home
November 09, 2021
Thinking about selling or increasing the value of your home? You dont have to spend a fourtune or wait for a contractor for these DIY ideas 1. Paint: Fastest way to freshen up your home. Look for colors that coordinate with your flooring2. Update light fixtures: A new light fixture or special lighting can brighten up a room3. Get ...
Will Rising Mortgage Rates Make Homebuying More Expensive—or Less?
November 08, 2021
It could become a lot more challenging to buy a home in the coming months—or it may have just gotten a whole lot easier.The reason: After hitting historic lows, mortgage interest rates are creeping up. The U.S. Federal Reserve’s announcement on Wednesday that it will taper its purchases of bonds and mortgage-backed securities is expected ...
HEPING YOUR CLIENT TO IMPROVE THEIR CREDIT SCORES
November 04, 2021
HELPING YOUR CLIENT IMPROVE THEIR CREDIT SCORESHelp your Client find someone who can provide a full mortgage analysis and can help educate your client about Utilization, Ratios and Payment Histories.Disputed Items could cause inaccurate credit scores. Lenders may require loans to be reviewed with another level of scrutiny. Remind your client ...
