Good News for Buffalo Grove Home Owners-Interest Rates are Going Down!

Buffalo Grove Interest Rates are Down

What is Going On in the Buffalo Grove Real Estate Market?  Over the past several months we have had a surge in home sales in Buffalo Grove.  Many of the Buffalo Grove buyers were first time home buyers and were taking advantage of the Tax Credit that was offered.  In checking with the lenders … [Read more...]

What Do We Think About Home Ownership in Today’s Real Estate Market?

buyers_holding_the_key

A nationwide survey conducted by mortgage lender Fannie Mae found 65% of the homeowners and renters believe there is still value in owning a home. That means that nearly 2/3 of people survey still feel owning a home is a good bet. According to the chief economist at Fannie Mae, Doug Duncan, … [Read more...]

Are The Banks Actually Encouraging Foreclosure for Their Own Financial Benefit?

Short Sale vs Foreclosure

For quite a while we have all been wondering why the banks are not taking the offers that we are bringing in on our short sales and taking so long to make a decision. Today I can honestly say it is about greed and I now have a perfect example as to what our banking system is doing to all of … [Read more...]

Tax Information From Our In House Buffalo Grove Lender

Leveraging tax refunds to make more sales It’s time again for that annual right of passage when we all file our income taxes. It’s predicted that almost 70% of taxpayers will get a refund this year. That means that over the next 60 days about $230 billion in tax refunds will start hitting … [Read more...]

Update on Tax Credit for Buyers and Sellers

This is the latest update regarding the regulations for the Tax Credit TAX CREDIT UPDATE: The U.S. Senate and House have passed the bill that includes an extension and expansion of the home buyer tax credit. It now moves to President Obama for signature, which could happen as early as … [Read more...]

Year To Date Area Real Estate Report

Every month we get the Chicago Northwest report on the currently inventory of homes and sales that have taken place from our board. This is also a comparison of homes sales between 2008 and 2009. It is a great way to keep up with what is going on in the market. Click on these links to open up … [Read more...]