CPL fees – when you want them removed from your settlement statement

In regards to the CPL, this fee cannot be removed as they are a requirement for all transaction per IL statute. On August 20, 2010 Illinois Governor Patrick Quinn signed HB5409 (Public Act 096-1454) which mandates the issuance of closing protection letters (CPL) for commercial real property transactions under $2 million and for all residential … More CPL fees – when you want them removed from your settlement statement

Housing: Buy now — if you can afford it By Roger Ruvolo

Homebuyers beware — Inland Southern California is a tough market for you — and each month it’s getting tougher. May numbers from CoreLogic reveal that median prices have risen year over year in Riverside County ($330,000 to $356,000) and San Bernardino County ($285,000 to $310,000). These are within a few points of all-time highs. Moreover, … More Housing: Buy now — if you can afford it By Roger Ruvolo

Homes Near Trader Joe’s, Whole Foods Stores Appreciate Faster Homes within a mile of either high-end grocery store begin appreciating faster than other homes after the stores open, Zillow has discovered

SEATTLE, Jan. 25, 2016 /PRNewswire/ — Your local grocery market has a lot to do with what happens in your local housing market, according to a new analysis by Zillow featured in the paperback edition of Zillow Talk: Rewriting the Rules of Real Estate (Grand Central Publishing, Jan. 26). Specifically, Zillow found that homes grow … More Homes Near Trader Joe’s, Whole Foods Stores Appreciate Faster Homes within a mile of either high-end grocery store begin appreciating faster than other homes after the stores open, Zillow has discovered

Lenders Loosen Risk Standards as Rates Rise by Aly Yale

Mortgage lenders are taking increased credit risks similar to those of the early 2000s, according to the Q1 Housing Credit Index Report released by CoreLogic on Tuesday. The level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. According to the … More Lenders Loosen Risk Standards as Rates Rise by Aly Yale

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Most Buyers Unfazed by Rate Hikes, Inventory Continues Dropping

Home prices are on the rise this summer selling season, according to the latest report from Redfin. May marked a 6.8 percent rise in home prices, making the median sale price $288,000. Despite home shortage and the number of homes for sale decreasing 10.9 percent, over the last year home sales increased 7.5 percent. However, … More Most Buyers Unfazed by Rate Hikes, Inventory Continues Dropping

What Sellers Want from Their Real Estate Agent by James Kimmons

It’s easy to say that the seller wants to sell fast and for top dollar.  Of course that’s true.  As real estate professionals we provide a number of valuable services in setting up a listing to sell fast for more money.  Knowing what our sellers value or their perceptions of what we offer is important. … More What Sellers Want from Their Real Estate Agent by James Kimmons

Florida Carries Southern Region in Domestic Migration

by Brianna Gilpin DS News Homeowners are flocking to Florida according to Clear Capital’s June 2017 HDI Market Report. The report provides insights into market trends and other leading indices for the real estate market at the national and local levels. Nationally, quarter-over-quarter home price growth slowed slightly from 0.9 percent to 0.8 percent, but Clear … More Florida Carries Southern Region in Domestic Migration