Real Estate Update

May 12, 2008

Real Estate has been heating up, a little. Tax refunds, tax rebates, and the summer market is upon us. The next 8 weeks promise to be the busiest time for real estate in 2008. The majority of the last six months there’s been approximately 120 homes in Roselle for sale. Right now there’s a 145! Not only that but there’s 118 homes in pre-foreclosure. Of those 118 homes maybe 20-25 are on the MLS (part for 145).

What do these number mean? Basically it means that there’s way more sellers then buyer. Which means what class? Remember supply and demand from economics 101? Yeah lower home value.

Not to totally freak you out the 118 homes in pre-foreclosure doesn’t mean that all those people will be losing their homes. They may have bounced their mortgage check or not made one months payment. It is however a real life indicator that an increasing number of families struggling to keep their credit clean on their biggest debt/investment.

To put things into perspective Roselle is a very small town in the Chicagoland suburbs. A neighboring town Schaumburg (home to Woodfeild Mall) has 241 homes for sale and 267 in pre-foreclosure. Yikes. There’s a very good chance someone on your street is going into foreclosure. There is on my street :sad:

Looking for advice?
- Credit: Guard your credit. Future home purchases will be based more on your credit score/history then on how much you have for a down payment. Get debt free ASAP. If you’re not debt free do yourself a favor and use that tax rebate to pay off some debt.
- Maintenance: Keep your home in good shape. If for some reason (such as job loss) you need to sell your home in a hurry, condition is the only thing that will help you get a good return on your biggest investment.

It’s a fabulous time to capitalize on the market if you can purchase a home non-contingent upon selling your current home. Banks are selling homes for approximately 80% less people mortgage.

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Celebration of Hope 08’

May 4, 2008

Tonight Brian and I spent some time volunteering with Feed My Starving Children. We packed meals that would help feed children in over 50 countries. It was a great and rewarding experience. Feed My Starving Children (FMSC) invites volunteers of all ages to hand-pack meals for starving children. You can even plan your child’s next birthday party there and teach your children the importance of giving, serving and having compassion for others.

Willow Creek Community Church has been our home church for many years now. Over the last several weeks, the churches focus was Celebration of Hope 08’ Hunger. We were given the opportunity to participate in a number of challenges. Limiting our consumption (LIST), packing meals for others and experiencing a fair trade market. During the Mother’s day service, we will be able to offer our savings from our limited consumption use to raise money to feed over 10,000 children in Zimbabwe.

If you would also like to be a part of this experience and make a onetime gift, you can do so by CLICKING HERE and going to the church website.

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Another cousin!

May 4, 2008

James Burger Jr.That’s what we told Brandon and Nathan when we told them that their Auntie JoJo had a baby boy. James Burger Jr. was born Friday morning at 8:45am (6lbs 7oz, 21inches long). Mom and baby are doing well and everyone is very excited about the new addition.

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Amusing Political Process

May 4, 2008

Obama wins the latest primary Guam. GUAM? What the heck? Since when do they get a vote? Reading “Obama wins Guam by a whisker” I found myself laughing inside a couple times.

Isn’t it kinda odd Guam can vote in the primary but not in the general election?

I found this line funny

“A lot of people were confused by the process,” said Robert Lizama, a local mayor

Ok either you pick the pretty black man or the handsomely rugged Clinton. What’s so difficult about that?

Hussein Obama won Guam by 7 votes. RECOUNT CONTROVERSY!!!

Isn’t curious a self proclaimed Christian keeps his Muslim name? I guess it’s convenient to be all things to all people.

By the way Guam contributed 4 votes to Democratic primary.

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Hillary on O’Reilly part 2

May 2, 2008

Here’s part 2 of this interesting interview with HC.

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