Thinking about buying a home? The holidays might be the best time! All the things that may make the home buying process difficult for you during the holidays, are the same obstacles that others would face as well; from the shopping, traveling and holiday parties, time can be very limited […]
Buyers
[@properties] Last month, the Federal Reserve implemented its second interest rate hike of the year and indicated there could be two more rate hikes to come in 2018. Understandably, the news created some buzz in the housing market as the Fed Funds Rate affects mortgage rates. While mortgage rates have […]
Home buyers are looking for home offices to serve more than just a space to do work in.
Set on a quiet tree lined street this spacious unit is just steps from the plaza and heart of Lincoln Square. Generous room sizes, this home has a newer gourmet kitchen, and bathroom. Hardwood floors throughout. In unit laundry. Central air. Enclosed sun room perfect for office, sitting room or arts and crafts. South facing unit just a short walk to brown line, metra, restaurants and shops of the Square!
For residential properties, inventory throughout the city is low, with sales and under contract properties on the rise. With all three categories, detached, attached and multi-units seeing a months supply of inventory at about three months, properties are moving off the market quickly as demand in key markets pick up. […]
The spring market is in full swing and many residents are moving into new housing. Many are debating whether purchasing is still a great option, or whether renting is better suited for them.
I like the movie Inception. Success rests in the ability of an architect – whether it’s making the target believe the world is real, or keeping projections running around in a maze. Near the beginning, there is a scene when Arthur and Cobb meet with Saito in his helicopter on […]
Real estate hasn’t been immune from the global markets and activity that retailers have seen. Buyers from across the globe shop for homes online, view photos and descriptions, sometimes even giving ratings and in some cases make their purchases. Although a home may not be something you see waiting for […]
The Census Bureau reported this week that housing starts, which measures new home construction, rose nearly 28% between February 2012 and February 2013. Many national builders have also reported been reported increases in buyer demand. Lennar for example, has reported more than a 33% increase in sales of homes. Even […]
So it’s been all over the news that housing recovery is in full force across the country and not just in selective markets. A part of the recovery is due to supply, with inventory lower across all market segments, while real estate sales increasing at the same time from this […]
Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]
The recent Realtors Confidence Index survey reports that cash buyers are 31% of the existing residential home sales market. This is no surprise as tightened credit leave cash buyers as a significant percentage of purchasers when competing offers that require financing sometimes cannot qualify for certain properties. The majority of […]
Rates are low. So are home prices. So what’s preventing many from buying? For some, buying has become an obstacle as they are finding that financing their real estate purchase has become difficult. With a strong credit background, considerable down payments and reserves, many potential home buyers are finding that […]
As we enter a new year, I am finding myself guiding clients in this market, formulating strategies and guiding expectations. It’s no surprise that the real estate market has been difficult for the past few years and many economists are expecting more of the same for this year. But even […]
As of Jan. 1, Freddie Mac will require parties involved in a short sale to sign affidavits that will make them liable for any negligent or intentional misrepresentations in the transaction, HousingWire reports. Mortgage servicers are being urged to implement the change immediately before the Jan. 1 mandate, however. The […]
The Federal Housing Administration’s cash reserves are falling short. This could impact the market in a multitude of ways, including the FHA depleting its reserves, which creates fewer financing options for buyers as well as impacting how quick stabilization occurs. The audit, to be released Tuesday by the FHA, estimated […]
The current environment may seem like a haven for home buyers looking to find their dream home. Rates are low. High inventory. Low demand. So why is the market still struggling national? 2.19 million homes were listed at the end of September. Down 20% from a year earlier, and the […]
It is no surprise that rates are a historic low. Rates on 30-year fixed-rate mortgages averaged 4.12% for the week ending Sept. 8, down from 4.22% last week and 4.35% a year ago. The mortgage’s previous low was set the week ended Aug. 18, when the rate averaged 4.15%. With […]
For the interested buyers that are looking in today’s market, there are two recurring obstacles that seem to prevent many of them from obtaining necessary loans to purchase: mortgage approval and condition of property.
It could be coincidence; it could be the sum of several factors. Maybe it is just my imagination… I was at the office tracking weekly market trends and activity on listings. It started with Memorial Day, and considering the gloomy news, warm weather it’d be hard not to find people […]
Just listed in Back of the Yards (New City): Newly constructed single family home enclosed with wrought iron fence on oversized corner lot. Two story brick home with full finished basement. Published on http://RealtyEvolved.net
Today, there are numerous resources to research properties; and the search has gone beyond looking for just a new home. With the majority of consumers going online, the information can not only be overwhelming but also not current.
With homeowners staying longer in their home, and expected buyers planning for longevity, many are coming back to basics – location. Among them, accessibility to transportation, neighborhood walkability and area schools are among the most important. For families, schools are extremely vital factor as they can influence choice of residence/neighborhood […]
Buyers have a long list of what they want when home shopping, but one of their biggest desires: A good deal. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
The rules and costs, are changing for home buyers, especially if you are a first time home buyer just entering the market. Buyers are facing different challenges than their predecessors who purchased even just a year ago. For home buyers, not all deals are created equally. In the past few […]
If it’s been a year or more since you’ve checked your credit report, you’re entitled to get a free credit report from each of the three credit reporting agencies: Equifax, Experian, and TransUnion. Checking your credit report helps to identify and address potential problems. By checking your credit report, you […]
With sustainable and energy efficiency becoming a popular trend in homes, many are looking to capitalize off this billion dollar industry, but not always truthfully. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
When the moment comes, many buyers can be overwhelmed with the decisions, choices and potential compromises that can occur. Careful planning can help you maintain sight of important factors and your overall needs. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
What is the difference between a traditional resale, short sale and foreclosure? There are only a few minor differences between them, but these differences could drastically alter the scenario, whether you’re a home buyer or seller. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Considering purchasing a short sale or foreclosed home in need of repairs? What options are available to buyers in today’s market? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Even amidst the current debacle of robo-signers and foreclosures, many are still favoring short sales, even though they may be guilty of the same processes. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Do cash offers create a potentially better deal for buyers in today’s market? Are discounted prices or other concessions standard or do they even exist? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
The median monthly housing costs for mortgaged owners was $1,505 and renters $842. What makes more sense for you? Originally published at https://realtyevolved.net
I have had several requests through Skype and email asking to go into more detail about disclosures and REO (real estate owned) properties. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
There are some additional costs to consider that may be overlooked when buyers get too wrapped up in just the purchase price alone. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Sometimes it is difficult in determine a home’s history, which may not be apparent during a viewing or inspection. Especially when purchasing a property with no disclosures, a C.L.U.E. report can help give insight. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
FHA has changed their mortgage insurance premiums which will start with cases ordered on October 4, 2010. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Recent market information came out and we have captured the top spot for total volume, units sold and market time.
In mid-July, President Obama signed sweeping financial services reform into law. The 2,300-page law creates an oversight agency for financial services companies and a consumer financial protection bureau. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
So are we in a “W” double dip, or slowdown in the recovery? Originally published at https://realtyevolved.net by Sherwin Sucaldito.