Like much of the country, the city of Chicago suffered through a tough housing market in the fourth quarter of 2008. The Illinois Association of REALTORS® recently released its home… read more →
More Signs Of Recovery : The Cost Of Owning Versus Renting Falls Back To Historical Norms
Did homes get too expensive too quickly during the housing boom? Many economists have argued that they did, and that a fall-off in housing prices was inevitable. That fall-off has… read more →
According to recent data, vacant homes account for about 1 out of every 9 homes in the United States, a staggering and alarming number.
The housing slump has been particularly rough on Chicago home sellers, with housing prices falling and sales sluggish. In December, for example, the sales of condominiums and single-family homes in… read more →
How The Stimulus Package Indirectly Led Mortgage Rates Lower
There are so many plans to revive the economy being debated now in Congress, it’s hard to keep track of what each of them include. But a new housing rescue… read more →
The Baby Boomer generation comprises the largest demographic in the United States. As a result, home builders and developers must pay particular attention to the residences they are constructing to ensure they appease that generation. They seek low maintenance, high amenity homes and condos that are not reminiscent of their older age.
Fannie Mae Officially Eliminates Its 4-Financed Property Limit
One of the most important indicators that the “credit crunch” is coming to an end, or mollified at the very least, is an unfreezing of lines of credit. Although most banks have not done away with restrictive loan processes, they are not imposing tighter strictures on those people hoping to secure a loan, either – good news for the housing market.