by Tara Lubin | Dec 7, 2023 | Uncategorized
– Hinsdale – Typical home value: $1,004,521 – 1-yr price change: ↑2.7% – 5-yr price change: ↑13.2% 4. Bannockburn – Typical home value: $1,060,713 – 1-yr price change: ↑7% – 5-yr price change:...
by Tara Lubin | Dec 6, 2023 | Uncategorized
A new report from the FHFA will require Federal Home Loan banks to take on more responsibility for affordable housing goals. The report suggests that the number of Home Loan banks may be reduced and executive compensation reduced by 80%. The banks have the option to...
by Tara Lubin | Dec 5, 2023 | Uncategorized
Approximately 81% of Cook County residents experienced an increase in their property taxes, with some areas seeing up to a 15% increase. The northwest suburbs, including Melrose Park, Des Plaines, and Hoffman Estates, were hit the hardest. The Cook County...
by Tara Lubin | Dec 4, 2023 | Uncategorized
Median home price in Macomb: $69,900; ~$250K < state avg Despite savings, homes in Macomb are 400 sq ft smaller on avg. Reasonably sized homes in Macomb listed > $35K.
by Tara Lubin | Dec 1, 2023 | Uncategorized
The 30-year mortgage rate average fell back to 7.69%, closer to its two-month low. All other averages dropped or remained unchanged except for the 7/6 ARM rate average, which gained 13 basis points. Rates vary across lenders, so it's important to shop around for...
by Tara Lubin | Nov 30, 2023 | Uncategorized
Choose a partner with: -Aligned goals -Similar financial capabilities -Shared investment vision Collaborating can: -Provide additional capital -Generate income -Offer potential tax benefits Challenges: -It can lead to conflicts -Delay earnings -Potential disagreements...
by Tara Lubin | Nov 27, 2023 | Uncategorized
Decatur, Illinois, stands out for offering some of the most affordable homes in the US. A recent report ranks Decatur as the 4th town with homes below $125K. Median home value is $92,200, making it an attractive option for budget-conscious buyers.
by Tara Lubin | Nov 23, 2023 | Uncategorized
1. Financial readiness: – Assess your budget comprehensively, accounting for down payments, monthly mortgage costs, taxes, insurance, moving, and renovations. 2. Smart saving: – Prioritize saving not only for the down payment but also for post-closing...
by Tara Lubin | Nov 22, 2023 | Uncategorized
Thanksgiving is commonly known to commemorate the colonial Pilgrims’ harvest meal that they shared with Wampanoag Indians in 1621But it wasn’t a holiday until 1853 that Abraham Lincoln declared it a national holiday and kept Thanksgiving as the last Thursday in...
by Tara Lubin | Nov 21, 2023 | Uncategorized
In October 2023, the inventory of homes for sale continued to grow late into the season, with 2.0% fewer homes actively for sale on a typical day compared to the same time in 2022. The total number of unsold homes, including homes that are under contract, decreased by...
