Multigenerational households are becoming more common: Pew survey on living with parents.

Barack and Michelle Obama have very busy schedules, of this there is no doubt. It’s a good thing they have some help, not just from staffers, but also from family: Michelle Obama’s mother, Marian Robinson. Before her arrival, the last presidential grandmother to occupy the White House was Elvira Doud, Dwight Eisenhower’s mother-in-law.

Fewer American families live like this today than in 1953. But according to a new report from the Pew Research Center, multigenerational households are becoming more common. In 1980, some 12 percent of families had two or more adult generations living under the same roof. Now, 18 percent do, and the total number of Americans with this living arrangement has doubled, to 56.8 million. Almost half (48 percent) are in households that working parents share with luckless “boomerangs” sheltering in their old childhood bedrooms. But nearly as many are living with three generations or more. In fact, 20 percent of Americans age 65 or older live in multigenerational households, compared to 16 percent in 1990.

6 Pitfalls to Avoid in Your First Year of Homeownership

As a first-time homebuyer, you have a lot on your plate. From saving for a down payment and closing costs to keeping your credit score mortgage-ready and finding a home that suits your needs, you’ve accomplished a lot even before purchasing your first home.

Now that you’ve closed on your home, there are still some mistakes you should avoid to keep your first year of homeownership a positive experience.

Not Planning for the Other Immediate Costs of Buying

You’ve made your down payment and paid the closing costs, so you’re done writing checks for a while, right? Well, it depends. Even if your new home is move-in ready, you’ll still have to consider various other costs for making your new home your own, including but not limited to:

• A moving company (or moving truck, at the very least)

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Are You Underestimating Your Home Equity? | Matt Rayburn | LinkedIn

A home is likely the biggest investment most Americans will make in their lifetime. Underestimating that asset's value may keep many U.S. homeowners from advancing financially with their home equity. According to Fannie Mae, homeowners who have a "negative perception gap" also likely underestimate:

• Their ability to qualify for a new mortgage.
• How large of a down payment they could make with their 

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Spring housing season kicks off with record short supply

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Neal Paskvan is a full time Realtor  specOn a snowy Tuesday in early February, Jessie and Mark Sciulli toured a home in the northern suburbs of Washington, D.C., that wasn't listed for sale yet. Relocating their family back home from overseas, the couple was in town for just two days and had to see as much as possible. Their agent didn't have enough active listings to show, so she went after homes she knew were coming soon.

It is the same story for home buyers nationwide: There is precious, record little for sale.

"I feel like there is not a lot of inventory right now, so that does make us a little bit nervous, because we think there is going to be a lot more offered in two or three weeks, so I'd say for sure we feel that stress," said Jessie.

Patrick T. Fallon | Bloomberg | Getty Images

Open House signage is displayed outside of a home for sale in Redondo Beach, California.

Presidents Day weekend is traditionally seen by real estate agents and homebuilders as the start of the spring housing market — the busiest time of year for home sales. The number of listings always rises, and it will this year as well, but inventory is already so low to begin with that even the new listings will not be nearly enough.

"I think inventory is going to remain tight. The closer you are to urban centers, the tighter the inventory, because the demand ializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Rent relief could be coming here

ccelerating, but rents are moderating and could ease substantially in some markets. By the end of this year, rents may actually rise at a slower pace than incomes in many markets, according to a new analysis by Zillow, a real estate listing company.

Zillow is forecasting a 1.1 percent annual rent appreciation rate by December, down from 4.5 percent at the end of 2015, according to Reis, a commercial real estate analytics company. Some markets are still seeing double-digit rent growth.

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Neal Paskvan is a full time Realtor specializing in Downers grove, D



arien,Woodridge, Westmont and Du page county Real Estate

Fed Hike Means Adjustable Rate Mortgages Will Rise and Increase Monthly Payments - TheStreet

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Dashboard | Keeping Current Matters

1. Rents are increasing faster than the last several years:

 “Apartment rents increased faster last year than at any time since 2007.”

2. Rent increases are accelerating

“Another report from Axiometrics Inc., a Dallas-based apartment research company, showed that rents increased 4.7% in the fourth quarter compared with the same quarter a year earlier, the strongest year-end performance since 2005”.

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate