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eldorradochicago
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Good news for homebuyers who don’t have a lot of cash on hand: Banks are offering loans with down payments of just 5%.

After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan.

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When love collides with real estate, the result is increasingly a prenuptial.

More couples are opting for prenuptials, according to a recent survey of 1,600 members of the American Academy of Matrimonial Lawyers, a professional group based in Chicago. In the survey, conducted from mid-September to mid-October, 63% of the respondents reported an increase in prenups over the past three years.

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Softening Housing Market Pushes Key Mortgage Rates Down...

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High-end listings are more likely to reference oversized windows, floor-to-ceiling windows, ceiling windows and large windows compared with a year earlier. Panoramic views and ocean views are also trending upward, as are outdoor entertaining spaces, such as roof decks and terraces. “Recently, there’s been more of an emphasis overall on nature and natural materials. This trend in luxuries could be part of the same shift.” 

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The Federal Housing Administration (FHA) recently enacted a rule change allowing borrowers who have fallen into foreclosure, bankruptcy, or a short sale to become eligible for a brand new mortgage backed by the FHA in as little as one year from the date of their previous foreclosure auction, the date of closing on a short sale, or the discharge date on a Chapter 7 bankruptcy. 

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This bodes well for all investors, small or big, and we have represented many over the years. It is good to see the rents from the investor owned single condos to the large commercial residential buildings increase at such a dramatic rate.

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