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Showing posts from January, 2016

2016 Real Estate News: Boomerang Buyers to Enter Housing Market

2016 Real Estate News: Boomerang Buyers to Enter Housing Market

TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now - What Happened to the Consumer?”

The study revealed that 1.5 million homeowners that were negatively impacted by the housing crisis could re-enter the housing market in the next three years.

TransUnion defined “negatively impacted” as…

“…those who were 60+ days past due on a mortgage loan, lost their mortgage through foreclosure, short sale or other non-satisfactory closure, or had a mortgage loan modification between the Bubble and Burst.”

Other interesting findings in the study:

During the mortgage bubble in 2006, 78 million consumers, or 43% of credit-active consumers in the U.S., had a mortgageMore than 8% of these consumers were “impacted”5 Million consumers will again be eligible for a mortgage in the next four years
Here are the numbers of consumers who will meet mortgage guidelines over the next four years:




If you are a fam…

Buying a Grayslake Home in 2016

Buying a Grayslake Home in 2016

With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year.

If you look at what the four major reporting agencies are predicting for 2016, it may make the decision for you.

The chart below averages the predictions by quarter.




With the exception of Fannie Mae, the experts agree that interest rates will increase by three-quarters of a percentage point, costing you more to pay back your loan.

Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online





Buying a Grayslake Home in 2016

All New 4 Bedroom College Trail, Grayslake Home for Sale

All New 4 Bedroom College Trail, Grayslake Home for Sale

234 Braxton Ct, Grayslake IL 60030




Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online




All New 4 Bedroom College Trail, Grayslake Home for Sale

Stunning Downtown 4 Bedroom Grayslake Home for Sale!

Stunning Downtown 4 Bedroom Grayslake Home for Sale!

290 Westerfield Place, Grayslake IL 60030




Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online




Stunning Downtown 4 Bedroom Grayslake Home for Sale!

Libertyville Real Estate 2016 - Existing Home Sales Rebound in December

Libertyville Real Estate 2016 - Existing Home Sales Rebound in December


The National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday.

Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.

Lawrence Yun, NAR’s Chief Economist, had this to say about the surge in December sales:

"While the carryover of November's delayed transactions into December contributed greatly to the sharp increase, the overall pace taken together indicates sales these last two months maintained the healthy level of activity seen in most of 2015. Additionally, the prospect of higher mortgage rates in coming months and warm November and December weather allowed more homes to close before the end of the year."

The most important realization to come out of the report is the fact that inventory of existing homes for sale dropped dramatically from a 5.1-m…

Grayslake Real Estate 2016 - Existing Home Sales Rebound in December

Grayslake Real Estate 2016 - Existing Home Sales Rebound in December

The National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday.

Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.

Lawrence Yun, NAR’s Chief Economist, had this to say about the surge in December sales:

"While the carryover of November's delayed transactions into December contributed greatly to the sharp increase, the overall pace taken together indicates sales these last two months maintained the healthy level of activity seen in most of 2015. Additionally, the prospect of higher mortgage rates in coming months and warm November and December weather allowed more homes to close before the end of the year."

The most important realization to come out of the report is the fact that inventory of existing homes for sale dropped dramatically from a 5.1-month…