Will Homeowner Tax Perks Change in 2013? The terrain of homeowner tax credits is shifting slightly this year, and it is still unclear how it will all settle. Several credits homeowners have enjoyed the past few years have already expired. Which credits still exist in spite of the looming fiscal cliff, and which credits are… READ MORE
If you’ve been paying any attention to the news, you doubtless know that the United States is rapidly approaching a “fiscal cliff.”
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The Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity fell 1.2 percent in the first week of October. The index measures mortgage applications for both home purchases and refinancing; the former rose, while the latter dropped. Refinancing applications fell 2 percent, but even with the decline, the volume of applications still remains close… READ MORE
Many people have failed to notice that the real estate market is starting to show surprising signs of strength. The latest piece of good news has come from a report by RealtyTrac, an internet company that specializes in the foreclosure market. According to their most recent numbers, year-over-year foreclosure filings fell by 16% in September,… READ MORE
Very interesting data: Mortgage rates may be a function of free markets, but real estate taxes are a function of government. And, depending on where you live, your annual real estate tax bill could be high, low, or practically non-existent. Compiling data from the 2009 American Community Survey, the Tax Foundation, a non-partisan educational organization… READ MORE
I have some great information on the Local Market Report for the first quarter of 2010 for the Chicago Land Area. The market is not where we would like it to be, but there is a silver lining at the end of the horizon for Chicago Home Owners. Chicago is showing a median homes sales… READ MORE
This is the news that every Chicagoland Home Seller wants to hear: Chicago home sales jump 32% in May It is great news to deliver to home sellers who want to list their home. We know that the home tax credit drove buyers out into the market as well as the low price tags on… READ MORE
CHICAGOLAND REAL ESTATE MARKET JANUARY – APRIL 2010 In the first four months of 2010, the Chicagoland real estate market showed significant improvement over last year with gains in the number of homes sold and other key real estate metrics. More than 5.7 billion dollars of homes were sold throughout the region with an average… READ MORE
Waiting doesn’t always pay off – interest rates may rise while you are waiting for home prices to go down even lower. It’s a buyer’s market in most areas, and rates are historically low. Below is an example of the difference in monthly payment if interest rates rise 1%. In addition, purchasing power goes down… READ MORE