It is Time for Banks to Clean their Laundry - 05/21/09 09:39 AM
When I thought about writing an article that would try to describe how we got ourselves into this financial mess I  thought about the analogy of going off to college with a clean load of laundry.
Imagine the real estate market 30 years ago.
Back then, if you wanted to buy a home you would go to the community bank or savings and loan and ask them to give you a loan. You would give them all of your personal financial information. They would qualify you for a loan based on the value of the home, the purchase price, how much … (25 comments)

Buyer Market VS. Seller Market ... You decide.. - 05/19/09 11:42 AM
 
 

 
Since we are in full swing of the Spring Housing Market I thought I would write about the Health of the Market as it relates to one community where I work.
As of today’s date, there are 300 active single family homes for sale in the city of Evanston, IL.  During the past month 64 homes went under contract.
If you divide the number of homes under contract by the number of active listings you will be calculating for what is normally called the absorption rate. The absorption rate tells you how many months it will take … (2 comments)