Mitch Levinson

Jumbo loans are coming back

Jumbo Market Heating Up

In addition to overall home sales being up, the sale of luxury homes – homes priced at $1 million and above – increased 7.8 percent in March compared to  levels from one year ago. Because of this fact, lenders are looking at jumbo loans as an appealing area of growth as other mortgage areas are …

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Home Prices Climb as Inventory Remains Low in Illinois

New numbers released by the Illinois Association of REALTORS® point out that in April, the trend of increased prices for homes continued but tighter inventory locked home sales numbers down. Statewide home sales in April 2014 totaled 11,845 homes sold, down from 12,846 in April 2013. The number of houses on the market in April …

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Be ready for any emergency with funds to stay out of debt

Why You Need an Emergency Fund

One day you’re chugging along, doing okay, paying your bills on time and then without warning, a life emergency comes up and completely derails you, sending you straight into debt. Many of us don’t worry too much about such emergencies because we think they won’t happen to us. However, unforeseen financial crises affect individuals and …

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One of the Biggest Segments of Home Buyers is Still Missing

While there is growth in the housing market, many real estate professionals have noticed something missing – first-time home buyers. The slow pace of the job market has made young adults, who make up the bulk of the first-time home buyer market, stay comfortable with living with their parents. Nearly 3 million more young adults …

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