Michael Hobbs's (michaelhobbs) Blog

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Real Estate Appraiser - PahRoo Appraisal & Consultancy
RECENT BLOG POSTS
Ready to purchase a home in the Chicagoland area?  The options could make your head spin.  Which neighborhood?  Do I want to live in the city or in the suburbs?  Am I upgrading or downsizing? How much do I want to spend?  How much can I borrow?  A condo or house? On average prices are 38% lower t...
08/08/2013
With Florida sitting at the top of the foreclosure hill, lawmakers have been making large efforts to reverse this stigma on their state’s economy.  One such lawmaker is, Senator Darren Soto.  According to the Tampa Bay Times, he says the situation is downright, “shameful.”  So with the help of ot...
08/08/2013
As home prices continue to rise, one might wonder how long before they level off.  In an interview with Rick Sharga, Executive Vice President of Auction.com, he predicted that rising home prices will begin to slowdown moving into 2014. “I believe home price appreciation has been accelerated by th...
08/07/2013
On May 6, 2013, there was yet another hiccup in the foreclosure process.  JP Morgan Chase, Citigroup, and Wells Fargo halted nearly all their foreclosures which were in their final stage of losing their homes. The sudden halt in activity was a result of bank regulators continuing to make revision...
08/06/2013
Redfin, released a new survey regarding how rising interest rates are affecting buyers in the real estate market.  Many in the industry feel that it will deter buyers from moving forward creating a substantial decrease in the progress the housing market has made from 2012 to 2013, which more than...
08/06/2013
Are you moving?  Summertime is traditionally the busiest time of the year that people move, and some believe this year is busier than the last few years due to the recovering housing market. John Bisney, spokesperson for the American Moving and Storage Association said, “Demand for residential mo...
08/05/2013
How important is your home inspection when purchasing a home?  Well, most would agree it is very important.  There are so many aspects of home inspection that can affect you purchasing it, and determine whether you will renegotiate price. Home inspection is typically the very next step after bein...
08/01/2013
There is a new foreclosure loophole that investors have found in the Florida marketplace.  Many investors have found a way to purchase the titles to hurting condos and other community properties from homeowners associations, and then rent the units out, while making enormous profits. These invest...
08/01/2013
With all the talk about the housing market recovery and fewer foreclosures, the Obama administration says the Foreclosure Mitigation Program definitely had a part in it. Complications of mortgage servicing are still of great concern to the administration, even though there has been a decline the ...
08/01/2013
Being one of the nation’s hardest hit markets in foreclosures, as many as 44 non-profits in Illinois have been given the responsibility of revitalizing many of Illinois most affected communities. Illinois received $70 million as part of the national foreclosure settlement in February of 2012.  Th...
07/31/2013
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Michael Hobbs

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local_phone(773) 388-0003
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