How 4 Experts Say You Can Prepare Now for a Busy Housing Market This Spring
June 08, 2022
Jason StaufferNet AdvisorMay 23rd 2022 The 2022 real estate market is shaping up to be something closer to normal. As we approach the busy spring homebuying season, homebuyers are still likely to face an uphill battle, but it shouldn’t feel anything like 2021.Home values skyrocketed by nearly 20% in 2021, according to the most recent data ...
Do you have a Preapproval or Prequalification?
June 07, 2022
PREAPPROVAL LETTER OR PREQUALIFICATION LETTER?In a time where there are multiple offers, and our market is extremely competitive, it is important to have a good Preapproval letter when you submit an offer. Is the letter that you are working with a Preapproval Letter or a Prequalification Letter? Always read the letter that you are provided with, ...
How fast your local housing market is cooling amid the Great Deceleration, as told by 2 interactive charts
June 07, 2022
As housing data rolls in for April and May, it tells us the housing market’s unprecedented acceleration—which saw a record 20.6% year-over-year jump in U.S. home prices between March 2021 and March 2022—is either on pause or over. In the coming months, don’t get confused by lagging home price data: All signs point ...
Single-Family Construction Is Going Soft
June 07, 2022
Builders are growing concerned that demand for new homes is leveling off, and they’re slowing production out of fear that too many buyers have been priced out of the market. Single-family construction in June dropped to its lowest level since April 2020, when the COVID-19 pandemic was just beginning, the Census Bureau reported Tuesday. Further, housing permits—a ...
THE HOUSING MARKET HAS PEAKED, TOP ECONOMIST SAYS
June 06, 2022
The US has officially gone from a housing boom into a “housing correction”, according to Mark Zandi chief economist at Moody’s Analytics.Zandi’s comments were in response to data which shows the US housing market is cooling down. US census figures released last week said sales of new single‐family houses in April 2022 fell for ...
Mortgage Market in a minute
June 04, 2022
https://sites.academymortgage.com/landingpage/?domain=sites.academymortgage.com&slug=markettracker&userId=96qIP ...
Market just hit a turning point
June 04, 2022
https://www.realtor.com/news/trends/housing-market-turning-point-may-inventory-report/ ...
VACANT ZOMBIE PROPERTIES RISING IN 2ND QUARTER AMID JUMP IN FORECLOSURE ACTIVITY
June 02, 2022
Vacant Zombie Properties Rising in Second Quarter Amid Jump in Foreclosure ActivityZombie Foreclosures Up 3 Percent from First to Second Quarter of 2022as Foreclosure Activity Increases 13 Percent; Increase in Empty Properties Facing Foreclosure Marks First Gain in a Year; Zombie Properties Still Represent Just One of Every 13,200 Residential Properties in U.S. and Remain ...
The Homebuying Timeline: How Long It Takes To Buy a House—and How To Speed Things Up If You’re in a Rush
June 01, 2022
Find a Real Estate Agent Get Pre-Approved for a mortgage Browse real estate listings Schedule home tours Make an offer Schedule a home inspection Set up the home appraisal Get your loan approved Close the deal...
Home inspections
June 01, 2022
Many times after a sale price has been agreed to, the homeinspection raises issues that the buyers were not aware of. After all, if you pay somebody money to look at a home and find something wrong, they will probably find a long list of things that are wrong. This can range all the way from a ...
Create an Evacuation Plan for Your Pets
May 31, 2022
An evacuation plan is a necessity for every home, especially if you live in an area where fires, earthquakes, hurricanes, flooding, and other disasters are a possibility. Many homeowners create evacuation plans for their homes and practice them with their kids, but far fewer have considered one for their pets. Take these steps to add your pets to your ...
DuPage County Housing Market Report
May 24, 2022
About DuPage County, ILDuPage County, IL has 4,815 homes on the market. The inventory of homes for sale in DuPage County, IL between March 2022 and April 2022 increased by 11.3%. In April 2022, listings were on the market for 18 days. During the same period, the median list price in this real estate ...
Contract cancellation and return of earnest money
May 21, 2022
If it is ever necessary to cancel a HUD transaction (contract) it is important to know how to do it and what is the likelihood of having the earnest money returned. The answer depends on whether you are an owner occupant or an investor. Owner occupants will receive their earnest money returned where they must cancel a contract due ...
DocuSign Offers with HUD
May 20, 2022
DocuSign Offers with HUDOnce a Realtor knows that they have a Verbally Accepted Offer, based upon the information that they uploaded, they just assume that the DocuSign offer will be coming their way within the hour.First, the Selling Agent must upload the necessary documents that HUD requests into Hudhomestore.com, including the Bank Preapproval Letter or Verification of ...
695 Conrad St Kalamazoo MI 49048 HUD HOME OPEN HOUSE
May 18, 2022
OPEN HOUSE SUNDAY 5/22/22 2-3 PM 695 Conrad St Kalamazoo MI 49048 This is a 3 bedroom 1 bath ranch style home. It sits on a .23 acre corner lot. It features a nicely fenced yard with a storage shed. Property is owned by the US Dept. of HUD Case #263-623863 Insurability Code is IE (insured) Hud homes are ...
Hidden Fees To Be Aware of When Purchasing A Home
May 16, 2022
Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don't forget there will be other costs associated with your purchase then the price of the home. Here are 5 fees to keep in mind as you begin to budget.Home inspection. This is a crucial ...
Chicago Housing Market: Prices | Trends | Forecasts 2022
May 16, 2022
We'll discuss the latest trends and projections for the Chicago housing market. Prices are expected to continue to increase through the rest of the year while the number of sales is expected to decrease. In February 2022, median prices rose in both Illinois and Chicago PMSA. Homes in Illinois sold at a rapid pace as inventory remained low ...
Investor Series – Evaluating a property to flip for profit
May 15, 2022
This is one of many articles we will be writing regarding investing in Real Estate. Today we’ll be looking at evaluating a distressed property for resale profit potential. Traditionally, we call these “flips” in Real Estate terms. Just a property you intend to purchase and sell quickly for profit after repairing.Flips are ...
Does The Municipality of Your Future Home Require An Inspection?
May 15, 2022
So you're closing date is just a few days away. You're all packed up and ready to move. Your lender has issued a clear to close and you're all set to go. What could possibly go wrong? Then you get a call from your agent and they tell you that the seller has not completed the ...
ARE WE IN A HOUSING BUBBLE?
May 15, 2022
Historically speaking, the ongoing housing boom is an anomaly. Over the past two years, U.S. home prices have soared 34.4%—including 19.8% over the past 12 months. For perspective, home prices have risen on average 4.6% per year since 1987.PAID CONTENTWhy operating sustainably is imperative for businessFROM ZURICH NORTH AMERICAWhile the hot ...
City may have a buyer - again - for historic Hayes Hotel building
May 13, 2022
City may have a buyer - again - for historic Hayes Hotel buildingUpdated: Apr. 04, 2022, 4:46 p.m. | Published: Apr. 04, 2022, 11:05 a.m.By Chloe Miller | cmiller@mlive.comJACKSON, MI – A proposal to sell the historic Hayes Hotel building downtown is expected to go before the Jackson City Council this week.J. Jeffers ...
Home Price Increases slowing down?
May 13, 2022
Some good information from Mutual Mortgage!!!Are Home Price Increases About to Slow Down? Home prices have spiked over the past year. The most recent S&P Case-Shiller Home Price indices, for example, shows, in the 12 months ending in February, prices rose at the third fastest pace in the 35 years they've been tracking them. S&...
Garage Organizing Tips
May 13, 2022
Lets organize that garage! Spring is a great time to clean out and reorganize that garage. Here are a few tips and organizing hacks for everything from sports equipment to tools.Bikes, Skates, and Other Wheels#1 Hoist bicycles to the rafters with a rope-and-pulley system (about $42) that makes it easy to raise the bike and lock it ...
Extremely Delinquent Mortgagors Struggling to Recover
May 13, 2022
Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic. In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency. This is defined as being at ...
Extremely Delinquent Mortgagors Struggling to Recover
May 13, 2022
Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic. In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency. This is defined as being at ...
