John Montgomery

April 15, 2020

2020 IS NOT 2008

 

 

 

The strong start to the 2020 real estate market was an encouraging sign for area homeowners. Then COVID-19 hit, and suddenly life is on hold for millions of Americans. Naturally, that raises questions about the long-term prospects for housing and home ownership.

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April 1, 2020

CARES ACT PROMISES RELIEF

 

On Friday, March 27, the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act, aka the CARES Act, was officially signed into law.

As a locally owned business working with you along every step of the residential journey, @properties views this bill as a truly heartening …

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March 25, 2020

8 Ways to Make the Most of Social Distancing

 

 

As we spend more and more time indoors this month, we wanted to share a few ways you can take advantage of being home. So whether you’re catching up on sleep, learning a new skill, or planning your next well-deserved vacation, make the most of …

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March 18, 2020

Some schools shutting down for good

As students across the country adjust to learning outside of their classrooms, some states are preparing for the disruption to last the rest of the school year as the coronavirus outbreak continues.

Florida has canceled all tests for the year, Kansas has decided to keep schools closed, …

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March 18, 2020

All of a Sudden, The Airline Industry Disappears

Naturally, the big question on my mind is the same as yours… how long will this last and how bad will it get? Of course, we have no idea. We also have no data to accurately model what is happening right now, but that won’t stop me from trying.

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March 18, 2020

We are stronger together

 

You've already received a ton of e-mails from organizations talking about the precautions they're taking to keep you safe amid the COVID-19 outbreak. We can assure you that @properties' agents and staff are following the same precautions. So we wanted to instead take this opportunity to let …

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March 11, 2020

Coronavirus may stall U.S. economy

 

 

The coronavirus will stall the U.S. economy without causing a contraction, according to a Goldman Sachs forecast issued Sunday.

GDP growth will slow to 0.7% in the current quarter, the worst pace since the financial crisis, and grind to a halt in the second quarter, …

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March 4, 2020

MORTGAGE RATES NEAR RECORD LOWS

Chart, courtesy of Freddy Mac

 

The black solid line above demonstrates a resistance line where I predict

interest rates will bounce back up. After that, it's anyone's guess where

they go. 

 

Given the recent volatility of the 10-year Treasury yield, it's …

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Feb. 26, 2020

Are mortgage rates about to hit an all-time low?

 

 

The lowest mortgage rates ever occurred around Thanksgiving 2012, when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data). However, rising panic over the coronavirus could drive rates to lows never seen before.

The signs of record …

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Feb. 12, 2020

Valentines Day Gifts

Here are a few ideas if you’re in search of a fun gift:

 

1 | For the Music-Lover: Tickets to the Chicago Symphony Orchestra

Whether your partner is new to the symphony or is a seasoned concert-goer, tickets to a performance are a perfect gift. …

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