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All tagged Home Buying
The 2023 real estate market is one Americans are curious and anxious to see return to normalcy. But will that be the case in 2023?
One of the biggest stories in 2021 real estate occurred when Zillow surprisingly closed its homebuying program last year. Prior to this, Zillow established itself as one of many large property investors across the United States.
If you follow the real estate industry closely then you probably have heard about Zillow’s million-dollar mistake and the closing of its AI-driven home buying platform that resulted in cutting 25% of their workforce.
Buying a home is one thing; buying a home while protecting your interests is another story. It is an exciting time for first-time home buyers, albeit a tad overwhelming.
When setting short sale expectations during a real estate transaction, it is crucial to understand that many steps should not be skipped.
The housing market has seen an interesting past year and it is resulted in an extremely competitive market that sees homes sold for more and sold very quickly. That means, if you decide to buy a home now, you need to know what you are doing to stay ahead of everyone else.
Nobody would blame you if you looked at today’s housing market and became worried at what you saw, after all there are a lot of similarities between now and the housing bubble collapse of 2008.
As millennials approach ages of financial stability, many are finally moving into the housing market and, in the past year, they have become the largest share of home buyers in America.
2020 was chock full of historic events that left mortgage rates at record lows for much of the year.
In a statement, lawmakers recently announced that Deferred Action for Childhood Arrivals (DACA) recipients will now be fully eligible for FHA (Federal Housing Administration) loans, making it more accessible for many to buy real estate in the United States.
Homebuying in Lincolnshire, Illinois is an exciting experience as you search for the perfect place to call home.
But be sure to follow these simple do’s and don’ts to make sure you get the best mortgage and are well prepared before you sign on the dotted line.
The ongoing COVID-19 pandemic has been disastrous for nearly every industry across the United States. Real estate is no exception, although the reality isn’t nearly as bad as it is for others.
Here is what you need to know if you are trying to buy or sell a home during the pandemic.
New mortgage applications in Illinois dropped precipitously in mid-March amidst the COVID-19 pandemic and a flood of refinance applications.
On March 3rd, 2020, the Federal Reserve announced the largest cut to the interest rate since the 2008 banking crisis, pushing the interest rate between 0.00% and 0.25%. Mortgage rates, too, saw a further decrease to historic lows.
Buying a home can be complicated. Finding a real estate agent, the right neighborhood, looking at properties, putting forth an offer, and running through the closing process are just a few of many steps in the process. Despite the lengthy process, yet another stress becomes the added inclusion of earnest money.
