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Fournier Law Blog

Intelligent legal insight from our team of experienced attorneys.

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Just How Expensive Are Your Favorite TV Homes?

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Ever wonder how much it would cost to buy your favorite TV family’s home in real life? A fun listing from online real estate powerhouse Trulia breaks down the cost for seven of the most popular homes in TV history. Among the list is the Modern Family home. According to Trulia, the real-life owners of that home sold it in May 2014 for $2.1 million. If that is well out of your price range, the beloved North Hollywood home of The Brady Bunch is a fraction of that price at $552,300. Although, surprisingly it only has two bedrooms, which explains why it was only used to shoot exterior shots for the blended family of eight.

To see which other homes made the list, read the entire article.

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Is Upsizing to a Bigger House the New Trend for Retirees?

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We typically think of retirees as downsizing their homes. With no kids to fill up extra bedrooms and a fixed income to protect, moving to a smaller house seems like the right move to make. But, according to a recent Merrill Lynch study, 30 percent of retirees are actually buying bigger homes. What makes upsizing so appealing? Well, it seems that now that they are home more often, retired couples feel confined in a two-bedroom home. Not only do they not want to be on top of each other, they also want to entertain more and have space to explore hobbies. The rebounding economy is also a big factor in the new trend.

To learn more, read the entire article.

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Is Real Estate Crowdfunding a Smart Investment?

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Is real estate crowdfunding a smart way to break into commercial real estate? Share your thoughts in the comments below.

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Is House Flipping on the Decline?

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The number of real estate investors looking to flip their investment for a quick profit took a dip last month leading speculators to wonder if a shift is emerging toward a “buy and hold” strategy. According to the 2015 Real Estate Investor Activity Report released by Auction.com, the number of investors looking to flip a home dropped 3 percent since first quarter while the number of investors planning to rent increased 3.5 percent. Auction.com says one explanation for the change is a shift in investment strategies for real estate investors in Texas. Without oil to boost growth in the Texas economy, investors fear demand for home sales is down and are looking to rent instead of flip.

To learn more, read the entire article.

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Is It Time to Shake Things Up in the Real Estate Industry?

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Zillow’s recent announcement that it will acquire one of its top competitors
Trulia for $3.5 billion has sparked many to wonder if exciting changes
are on the horizon for the real estate industry.  According to
Brenton Hayden, founder of Renters Warehouse and a regular contributor
to Entrepreneur, the real estate industry is long overdue for innovation that takes
advantage of new digital technologies.  And, if a shake-up is
coming soon–one that would provide consumers with even
greater access to real estate information–then Hayden says
realtors will need to be prepared to show young, tech-savvy home buyers
and sellers why they are worth their 6 percent commission. Is your
business ready for innovation?

Check out the complete article.

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Illinois to Launch New Mortgage Assistance Program

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Illinois is set to launch a new mortgage assistance program to help both homebuyers and existing homeowners save money on their mortgages. Learn more here.

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Illinois Tops the List of 2014 Bank Failures

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It’s not a list that any state aims to top, but with five banks collapsing
under the weight of bad loans and problematic investments, Illinois
takes the crown for 2014 bank failures according to a recent article in
the Chicago Tribune. National Republic Bank of Chicago suffered the
most recent failure last week when it was taken over by the State Bank
of Texas. Other Illinois banks shut down in 2014 include Valley Bank,
GreenChoice Bank, AztecAmerica Bank and DuPage National Bank.

Read the entire article here.

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Illinois Launches @HomeIllinois for First-Time Buyers and Owners

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Federal Reserve reports gains for Chicago’s real estate market as Illinois launches mortgage program for homeowners and buyers. Get the details here.

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How to Navigate a Home Deal that Falls Through

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Few things are more disappointing for a home seller than a deal that falls through. Learn what you can do to spot a wishy-washy buyer and close the deal.

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High Rents and Small Paycheck Increases Spark Latest HousingTrend—Roommates

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Rents are on the rise, but for many Americans, paychecks are not.  This stark reality has sparked more renters to seek roommates to help lighten the burden of increasing housing costs. According to a recent CNN Money article, more than 32 percent of Americans now live with someone other than their spouse or partner. That’s six percent more than in 2000. Young professionals aren’t the only group feeding this new trend. At least 42% of households in high-cost markets like New York, Los Angeles, Miami and Honolulu are comprised of working adults who are living with roommates.
Read the full story.

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