Real Estate News with Mike Long

Everything Real Estate Related for Chicago's Westerns Suburbs

Next Recession in 2020? What Will Be the Impact?

By Mike Long | June 28, 2018 | 0 Comments

Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current housing market. That report revealed […]

Read More

What is the Median Home Value in Your State?

By Mike Long | June 27, 2018 | 0 Comments

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located. In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the […]

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When is a Good Time to Rent? Now Now!

By Mike Long | June 14, 2018 | 0 Comments

People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent. The Census Bureau recently released their 2018 first quarter median rent numbers. According to their […]

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Are Lending Standards Too Loose…or Too Tight?

By Mike Long | June 14, 2018 | 0 Comments

With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study done at the University of North […]

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Parents Say Kids’ Opinions Matter Big When Buying a Home

By Mike Long | June 12, 2018 | 0 Comments

A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” When the results were broken down by the parent’s age, millennials (those 18-36) […]

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The Cost of Renting vs Buying [INFOGRAPHIC]

By Mike Long | June 10, 2018 | 0 Comments

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if […]

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Days on the Market Drops to New Low in April

By Mike Long | June 8, 2018 | 0 Comments

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s Chief Economist, Lawrence Yun, had this to say, “What is available for sale is going under […]

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Top Reasons to Own Your Home [INFOGRAPHIC]

By Mike Long | June 1, 2018 | 0 Comments

Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home?

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Millennials Are Skipping Starter Homes for Their Dream Homes

By Mike Long | May 30, 2018 | 0 Comments

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home (sometimes even a […]

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5 Reasons Why to Sell This Summer!

By Mike Long | May 29, 2018 | 0 Comments

Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More […]

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Next Recession in 2020? What Will Be the Impact?

By Mike Long | Jun 28, 2018

Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current […]

Read More
20180627-Share-STM.jpg

What is the Median Home Value in Your State?

By Mike Long | Jun 27, 2018

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located. In today’s housing market where home prices are appreciating quickly, it’s important to know that not […]

Read More
20170612-Share-STM.jpg

When is a Good Time to Rent? Now Now!

By Mike Long | Jun 14, 2018

People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent. The Census Bureau recently released their 2018 first quarter median […]

Read More
20180614-Share-STM.jpg

Are Lending Standards Too Loose…or Too Tight?

By Mike Long | Jun 14, 2018

With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study done […]

Read More
STM-Share.jpg

Parents Say Kids’ Opinions Matter Big When Buying a Home

By Mike Long | Jun 12, 2018

A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” When the results were broken down by the […]

Read More
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The Cost of Renting vs Buying [INFOGRAPHIC]

By Mike Long | Jun 10, 2018

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market is different. Before you renew your […]

Read More
20180611-STM-ENG.jpg

Days on the Market Drops to New Low in April

By Mike Long | Jun 8, 2018

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s Chief Economist, Lawrence Yun, had this to say, “What is available […]

Read More
Homeownership-Month-STM-ENG-1046x1354.jpg

Top Reasons to Own Your Home [INFOGRAPHIC]

By Mike Long | Jun 1, 2018

Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home?

Read More

Millennials Are Skipping Starter Homes for Their Dream Homes

By Mike Long | May 30, 2018

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one […]

Read More