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Salaam brothers.
If anyone is interested in investing their money in a halal way please consider UIF’s halal savings accounts. What makes them halal? Your money is only invested in UIFs portfolio of Islamic financing products (home, commercial and auto financing) and UIF in turn shares its profits with you at a competitive rate. Not only are you benefiting financially from these halal savings accounts but you are also helping other Muslims finance their homes or auto purchase while breaking away from the conventional system that is based in riba.

You can find more information here:
https://www.myuif.com/deposit-accounts/

If you have any questions please feel free to reach out to me.
JazakAllah Khair.

Deposit Accounts | Islamic Financing Solutions | UIF Corporation
www.myuif.com

Deposit Accounts | Islamic Financing Solutions | UIF Corporation

Tailored Islamic Financing Solutions: Home, Commercial, Auto, and More. UIF offers a diverse range of options to meet your specific financing needs. Learn more today!

July 24 - Weekly Newsletter Highlights

Mortgage Activity and Listings
* Mortgage Rates dropped to their lowest level since February. Currently at 6.87%
* Decline in pending home sales, the largest in eight months.
* New Listings: Increased by 6.4% year-over-year.
* Buyer Behavior: Some buyers are waiting for further rate cuts, but experts suggest now might be the right time to buy.

Mortgage Applications:
* Increased by 3.9% for the week ending July 12.
* Average 30-year conforming loan rate fell to 7.04%.
* Purchase applications decreased by 3% week-over-week and 14% year-over-year.

Multifamily Construction and Market Update
* Construction Activity: Multifamily construction permits have risen significantly.

Multifamily Completions:
* Increased by 40.2% in June.
* Strong demand in Q2 2024, absorbing 138,000 units.
* Vacancies at their lowest since mid-2021.
* Multifamily CMBS Delinquency Rates: Increased by 2% in June.
* Distressed multifamily properties saw a 35% decline in valuations.

Local News Highlights
* Texas Housing Market: Housing inventory up by 40.8% in Q2 2024.
* Median home prices remained flat at $345,000.
* Variations across major metro areas like Dallas, Houston, and San Antonio.

Rental Market:
* Median rent in the 50 largest metros was $1,743 in June.
* Significant rent increases in cities like Indianapolis, Milwaukee, and Minneapolis.
* Office-to-Residential Conversions in Seattle: New law encourages conversions to address housing shortages.

Top Cities for Renters:
* Charleston, S.C. tops the list for best city for renters.
* Atlanta and Scottsdale also rank high for job opportunities and quality of life.
* Millennial Homebuyers:
* Raleigh and Nashville are millennial homebuyer hot spots.

This data has been curated from multiple different sources. The goal is by reading these updates you can keep up with what is happening in the market.

Need apartment/house around Lincolnwood and Skokie area.

Looking for 2 or 3 bedroom Apartment or Independent house in Skokie or near Lincolnwood with 2 Bathrooms.

Plz contact: 847-456-2651

Allaah is sufficient for me. None has the right to
be worshipped except Him. Upon Him alone I
rely, and He is Lord of the Majestic Throne. [at-
Tawbah (9):129]

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Syed Basit changed his profile picture
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What non-US schools graduate most founders of US unicorns?

Many founders of US unicorns got their undergraduate degree outside the US. Ilya Strebulaev, a professor at Stanford, ranked foreign universities by the number of US unicorn founders.

The top 3 non-US universities that these founders attended are Tel Aviv University, Technion - Israel Institute of Technology, and The Hebrew University of Jerusalem. All three are from Israel.

They are followed by University of Waterloo and Indian Institute of Technology, Delhi.

Overall, 608 (27%) out of 2,321 unicorn founders with data on an undergraduate degree received it outside the US.

These are US unicorns, so over a quarter of the founders of US-based VC-backed unicorns came from abroad.

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