There have been thousands of headlines about what rising interest rates will do to the housing market. Many of these articles are crying that we are in a "housing bubble" or that we are entering a recession. However,...
Our HELOC on our primary finally came through and it appraised at the top of the market! We are pleased with that 1.25% minimum pmt at @7% interest, 10 year draw with a balloon at the end. We are excited but also ne...
Hi everyone, here is the housing market update I publish for clients each month. As always, there are some interesting surprises! This is data for the Chicagoland metro area sourced from Midwest Real Estate Data LLC._...
Hey, everyone! This is my first post and I am hoping to gain insight into my first multi-family deal. I am looking at a duplex for sale and it seems like a great deal from every angle except that the current tenants a...
I'm trying to buy a property where the seller wouldn't provide a land survey report or pay for one. Weird. So I contacted a land survey company immediately after due diligence myself to have they come out. The seller ...
Who here is closing on their or helping their clients close on their primary properties in 15 Days of LESS in this new buyer's market? I've noticed a trend towards longer escrows 21-30 days with the buyer pool shrinki...
Calling all HOA experts and HOA lawyers for help!I am in contract on a condo unit in Newark NJ. The title search reflected a very old (2010) HOA lien on the unit in the records - the HOA has acknowledged that no payme...
We all learned in Economics 101 that price is a function of supply and demand. Too many homes on the market, and prices start to come down. Not enough homes on the market, and prices start to creep up. Home prices, th...
It was interesting to read the case schiller housing data released on Nov 29th which re-affirmed my belief that Chicago is unlikely to see significant price declines. Chicago month over month decrease was only .6% vs ...
How many of you out there are working in a sellers market and are just waiting for the market to shift to purchase some rentals? I know for me it's hard to find properties that cash flow right now.