301 Greenview Drive, Crystal Lake,
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This office serves clients in real estate transactions
of all types. I also assist clients with estate planning for everyone, including the LGBTQ+ community.
I work with clients in Chicago and all over the
Chicagoland area, including Wilmette, Skokie, Morton Grove, Plainfield, Wheaton, Glencoe, Lake Forest, Naperville, Oak Park,
Winnetka, Des Plaines, Orland Park, Berwyn, Carol Stream, Arlington Heights, Crystal Lake, Barrington, Palatine, Park Ridge,
Gurnee, South Holland, Park Forest and more.
goal is to give each and every client personal, friendly and competent service at a reasonable price. I also strive to use
technology in the best way possible to keep my clients informed.
My legal background includes working
for a major Chicago developer and working for a boutique firm in their real estate division. I also was a landlord of a three
flat building in Rogers Park for over fifteen years and I am a licensed managing broker of a small real estate brokerage.
I work with all different types of clients, including developers, first-time buyers, buyers of second
(or third!) homes, all sellers and the LGBTQ+ community.
My real estate blog is below. Please make sure to check back on a regular basis to check out what's
new. I update my blog about once a week and welcome any questions that you may have.
Ask me too about help with personal injury, divorce, and any other
legal issues! I know plenty of people in the legal world and can refer you to the right person for your needs.
Greenview Drive, Crystal Lake, IL 60014
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Friday, January 22, 2016
Millenials Are Finally Moving Out of Mom and Dad's House!
12:34 pm cst
From Bloomberg Business:
Parents, rejoice. Your offspring may finally
be moving out of the family basement.
A new report (PDF)
from Fannie Mae, the U.S. government-backed mortgage company, suggests that the millennial generation is getting a move
"According to the ACS [Census Bureau’s American Community Survey], the number of homeowners aged 25-34
fell by more than 250,000 in each year between 2007 and 2012, but has declined by less than 100,000 annually since then,"
Fannie Mae said. "In fact, the decline between 2013 and 2014 was statistically insignificant, the first indication of
stability in the number of young homeowners since the onset of the Great Recession." So while the number of homeowners
in that age range is still on the decline, the trend looks poised for a reversal, and Fannie Mae said it won't take much
to see positive growth in millennial homeownership in the near future.
The team ran an analysis with
three scenarios for the future of homeownership in this generation. The first assumed a continuation of the decline that
took place between 2012 and 2014. The second assumed that the pace remains the same as what was seen in 2014, and the
third predicted a slight recovery that would see home ownership return to its longer-term trend by the end of the decade.
Scenario one is the only case
that yielded a further decline, and Fannie Mae is of the mind that this particular outcome isn't highly likely
because the labor market continues to show strength and the dream of home ownership lives on in the hearts of young adults.
A report published
by Goldman Sachs earlier this year also pointed to millennials' desire to leave the family homestead. The company's survey
showed that only 12 percent of millennials rated home ownership as "not very important," while 20 percent already
owned a home or were in the process of buying one. Almost 70 percent said ownership was either "very important"
or "important," but it wasn't a near-term goal.
Fannie Mae reckons that home builders will need to adjust
to the realities of a sudden upswing in millennial buyers, with an expected adjustment in the "size, type, and geographic
location of new housing construction." In other words: Bye, bye basements.