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Monthly Archives: April 2017

    Homes are Selling Fast Across the Country

    By Marco Manumbas | April 28, 2017

      Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in 60 days or... Read More

    Your Tax Return: Bring it Home

    By Marco Manumbas | April 27, 2017

    This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?” The results of the... Read More

    Real Estate Mogul: Here’s Why You Should Buy

    By Marco Manumbas | April 26, 2017

      Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house? Conlon responded: “I am a true believer that you save every penny and you buy your first house… and that is still the fastest path to wealth in this country.” Conlon... Read More

    3 Charts That Shout, ‘List Your Home Today!’

    By Marco Manumbas | April 25, 2017

    In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply... Read More

    How Fast Can You Save for a Down Payment?

    By Marco Manumbas | April 24, 2017

    Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state? Using data from the United... Read More

    Tax Return Depressing? Owning a Home Could Help

    By Marco Manumbas | April 20, 2017

    Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home. According to the... Read More

    Measuring Your Ability to Achieve the American Dream

    By Marco Manumbas | April 19, 2017

    Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and... Read More

    US Housing Market Continues the Move into ‘Buy Territory’!

    By Marco Manumbas | April 18, 2017

    According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better to... Read More

    Thinking of Selling? Now Is the Time to Act

    By Marco Manumbas | April 18, 2017

    If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is... Read More

    Home Mortgages: Rates Up, Requirements Easing

    By Marco Manumbas | April 13, 2017

    The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. The Mortgage Bankers Association (MBA) quantifies the... Read More

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