Michael Hobbs's (michaelhobbs) Blog

Real Estate Appraiser - PahRoo Appraisal & Consultancy



 In an earlier post, 2013 Brings Illinois A New State Energy Code Similar To Energy Star, it was noted that the State of Illinois has a new energy code for 2013. Yes, according to laws already on the books for the state of Illinois, on January 1, 2013, the state of Illinois implements the 2012 IE...
  Did you hear the news about construction spending?  If so, were you surprised?  The recent report by the Commerce Department did come as a surprise to many who have been eagerly watching for signs of a sustained recovery in the real estate industry. Construction spending dropped 0.9 percent to ...
 According to the most recent report released by the census bureau, the homeownership rate is 65.5%, but  John Burns Real Estate, a research firm, claims that a more clearer picture of true homeownership rate  is one that included all borrowers who were 90 days or more delinquent on their mortgag...
                Could the return of jumbo loan market signal the easing of credit markets for the housing market in general, and specifically be a leading market indicator?  As reports about the recovery of the housing market continue to grow, larger high-cost home loans (referred to as jumbo loa...
  Over the last few months there has been talk about the low inventory of homes for sale in many markets. There have even been suggestions that the government and banks were deliberately holding back inventory and waiting for home prices to increase.  A recent disclosure by Fannie Mae, the govern...
  In the prior month, the Los Angeles city attorney’s office filed a complaint accusing a major bank for failing to maintain more than 170 foreclosed properties in the city. The attorney’s office claimed that the properties were blighting neighborhoods, decreasing property values and encouraging ...
    The recent housing data reports show that all three major composites ended the second quarter of 2012 with positive annual growth. As the housing market continues to recover, there are those who may wonder what effect that recovery will have on the recently booming apartment sector, which ben...

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