Real estate expert on whether home prices could come down amid Fed rate hikes
May 12, 2022
By Talia Kaplan FOXBusinessFirst American Financial Corporation chief economist Mark Fleming discussed where he believes home prices are going amid expected rate hikes from the Federal Reserve as a way to tame surging inflation. Fleming, who leads an economics team responsible for analyzing and forecasting trends in the real estate and mortgage markets, weighed in on current mortgage ...
Case Study: Preservation and Maintenance Services
May 12, 2022
Client: Local Community BankThe ChallengeDid you ever watch one of those home improvement shows where the owner or investor finds out the worst possible scenario becomes their reality? Parkvue Realty had one of those “DUN-DUN-DUUUN” moments when when we gained access to a newly assigned property and discovered that due to recent extremely cold temperatures, a frozen pipe ...
SPRING CLEANING FOR SELLING A HOME!
May 11, 2022
Spring has sprung and that means more would-be homebuyers emerging from winter hibernation. Here are four “spring cleaning” steps your clients can take before listing their home that can help make the process easier.1. Research the local housing market--You should understand home’s value and compare it to other listings near you. 2. Find a agent--Encourageselelr'...
Mistakes new homeowners make
May 11, 2022
Making Improvements Without Checking the ROIJust because you might personally value an upgrade doesn't mean the market will. "It's easy to build yourself out of your neighborhood" and invest more than you can recoup at resale, says Linda Sowell, a REALTOR® in Memphis, Tenn.What to do: Before you pick up a sledgehammer, check with an ...
Curb Appeal
May 10, 2022
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Carving Out Your Home Office Space
May 10, 2022
When COVID-19 emerged, a lot of employers realized the advantage of allowing at least some employees to work from home. Not only can it act as a benefit for employees, but it can also help to reduce the cost of stocking and maintaining a physical office space. As a result, the number of people working in home offices has ...
7 Things Every Buyer Should Know in This Market
May 09, 2022
The real estate market is on fire right now. More than 80% of Americans ages 18–34 said now was a bad time to buy a home, and the median home-sale price reached a record high of $365,000 in January. That’s a 28% increase from January 2019! The inventory simply hasn’t kept up with buyer demand. ...
McHenry County, IL Housing Market and Trends
May 09, 2022
McHenry County, IL Housing Market In March 2022, McHenry County home prices were up 10.8% compared to last year, selling for a median price of $277K. On average, homes in McHenry County sell after 49 days on the market compared to 10 days last year. There were 414 homes sold in March this year, down from 483 last ...
How to Prepare Your House for Sale
May 06, 2022
How to Prepare Your House for Sale - Little things can make a big differencehttps://www.thebalance.com/how-to-prepare-your-house-for-sale-1799018Every seller wants their home to sell quickly and for a large profit, but it takes more than luck to make that happen. It involves careful planning and knowing how to professionally prepare your home to convince buyers to pull out their checkbooks....
Home Prices on the Rise, As Well as Home Appreciation!
May 05, 2022
Home Prices on the Rise,As Well as Home Appreciation In housing news, New Home Sales, which measures signed contracts on new homes, were down 8.6% in March to a 763,000 annualized pace, which was in line with expectations. The report is stronger than it appears as there was an 8% positive revision to the previous month. ...
Get Ready for Spring!
May 03, 2022
Spring is here! The snow is gone here in Michigan (hopefully) and it is time to get your house ready for Summer. Here are some tips for maintaining your home and getting ready for the Summer season...1. Test your smoke and carbon monoxide detectors and change the batteries.2. Change your furnace filter.3. Check roof for any ...
Mortgage rates in a minute
May 02, 2022
Mortgage Rates in a minutehttps://sites.academymortgage.com/landingpage/?domain=sites.academymortgage.com&slug=markettracker&userId=96qIP ...
Buyers taking the sting out of Rising Mortgage rates
May 02, 2022
https://www.wsj.com/articles/home-buyers-are-finding-ways-to-take-the-sting-out-of-rising-mortgage-rates-11651445773 ...
Good credit!
May 02, 2022
Good credit! A good credit score is incredibly important. Poor crdit will limit your housing choices, cause higher loan rates, higher insurance charges. a good credit score will halp you meet your housing goals.What do you need to do? Make all payments on time, consistent bill paying really brings up your score!If you ...
Is a Mortgage Pre-Approval Letter Necessary to Make an Offer on a House?
April 29, 2022
The truth is, getting pre-approved can actually improve your chances of falling into the sellers' good graces, so you want to get it done as soon as possible in the home-buying process....
1612 S Rose St Kalamazoo MI 49001 OPEN HOUSE Sunday 5/1/22 2pm to 3pm
April 28, 2022
OPEN HOUSE SUNDAY 5/1/22 2pm to 3pm MULTIPLE OFFER SITUATION EXISTS HIGHEST AND BEST OFFER MUST BE SUBMITTED BY 5pm MONDAY 5/2/22 1612 S Rose St Kalamazoo MI 49001 3 bed 1 bathroom home for sale. Great investment opportunity or owner occupy. Cash, Conventional or FHA 203k rehab financing offers will be considered. Being sold AS-IS Buyer to verify ...
Rockford Market update
April 27, 2022
Mortgage rates soar, national and state housing markets cool in March, but not RockfordMortgage rates surged more than one full point in February, jumping to 4.17% from slightly above 3% since the start of the year.Data across the U.S. and Illinois housing markets suggest that many buyers are finally getting exhausted by declining affordability and stiff ...
UNDERGROUND??
April 26, 2022
So what is ICEBERG CONSTRUCTION?The cost of building new homes has skyrocketed due to supply chain issues, interest rates, low supply. Affordable housing is quickly disappearing from many major markets. The answer: Go underground!Iceberg homes are the market's response to the increasing costs of building up, building out or adding additional density. Owners ...
ARE PRE-LIST REPAIRS/UPDATES A GOOD IDEA IN THIS MARKET
April 26, 2022
Both buyers and sellers ask this question. The answer is both yes and no. Many home sellers are reluctant to improve the home stating “it was good enough for us” and most importantly, will I get my money back or more by making improvements?The YES answer depends on the market area of the home....
Housing Inventory Crisis
April 24, 2022
A top official from the U.S. Department of Housing and Urban Development joined policy experts from the National Association of Realtors® on Thursday to discuss solutions for the nation's historic housing supply shortage. The virtual policy forum went in depth on research commissioned by NAR and authored by the Rosen Consulting Group, which found that the ...
7 Reasons to Own A Home
April 24, 2022
7 Reasons To Own A Home Tax benefitsThe U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.Appreciation.Historically, real estate has had a long-term, stable growth in value. The recent housing crisis has caused some to question the long-term value ...
TOP 5 TITLE COMPANY RESPONSIBILITIES
April 22, 2022
Buying or selling a house entails a lot of details and can be a stressful situation. That's the reason why most people who buy or sell real estate take advantage of the services provided by a title company. Since there are so many details involved in the buying and selling of real estate, title companies are responsible for ...
Foreclosures surge 181% to highest levels since March 2020
April 22, 2022
Some eight months after a nationwide moratorium on foreclosures expired, foreclosure filings soared to the highest level since the pandemic began.Last month, 33,333 properties across the U.S. faced foreclosure, a 181 percent jump from March 2021 and 29 percent pop from February, according to a report by foreclosure tracker Attom. The first quarter saw 78,271 ...
HUD ANNOUNCES FIRST-EVER HUD-HELD SINGLE FAMILY NOTE SALE (HVLS 2022-2) EXCLUSIVELY FOR MISSION-DRIVEN NON-PROFITS AND UNITS OF STATE AND LOCAL GOVERNMENT
April 18, 2022
HUD No. 22-065HUD Public Affairs(202) 708-0685FOR RELEASETuesdayApril 12, 2022June 8 competitive bid sale of approximately 1,450 vacant property notes furthers Biden-Harris Administration objectives to return more properties to future owner-occupancy.WASHINGTON - The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Tuesday that it will conduct a competitive bid HUD-held vacant ...
Pricing Strategies
April 18, 2022
Despite the term “buyer’s market,” understand that it’s always a “seller’s market,” too. Homes are necessary, and homeownership is cherished. We do not live in caves or nomadic tents. Real estate is a commodity that will remain so.Further, your home is unique. There is no other exactly like it. Whatever individuality ...
