Michael Hobbs's (michaelhobbs) Blog

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Real Estate Appraiser - PahRoo Appraisal & Consultancy

ARCHIVED BLOG POSTS

2013 

For homeowners that have gone through the emotional and financial devastation of a foreclosure, there may be a way to buy again, and soon. Under a new federal rule, FHA is cutting the waiting period to reapply for a loan for persons who lost their job which then resulted in defaulting on their mo...
09/20/2013
For the last few years, the Chicago area has shown some frightening foreclosure activity, but the last few months have been a different story.  According to RealtyTrac.com, the Chicago area has dropped nearly 60% from August 2012 to August 2013. RealtyTrac defines the Chicagoland area as, the Sou...
09/20/2013
July delivered some high numbers all around in new construction for Chicago. McGraw –Hill says new apartment construction was up 53% in July 2013. Coupled with rents rising steadily over the last few years, one could ask, “Is Chicago new apartment construction getting ahead of itself?”  According...
09/12/2013
Among Chicago’s grand Magnificent Mile, people have come to appreciate many fine hotels from the historic Drake Hotel, to The Four Seasons, and the Millennium Knickerbocker.  As you walk up to the entrance, and as you walk through the lobby, you get a feeling that you’ve just entered an opera hou...
09/12/2013
Buying a home is often times an exciting time for new home buyers; however the mortgage payment is a different story.  The thirty year mortgage although the most common, can also be thought of as a retirement account.   Paying your mortgage off early is not a new idea and not the strategy for eve...
09/09/2013
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Michael Hobbs

SRA, LEED GA, RAA
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