Home sales will increase 15 percent and real estate professionals' income will go up 20 percent next year, NAR Chief Economist Lawrence Yun predicted in his residential economic update. Read more >
[Read More] On November 5, 2009, the House of Representatives passed H.R. 3548, the Worker, Homeownership, and Business Assistance Act of 2009 (the “’09 Act”) which the Senate had approved the day before. President Obama signed it into law on Friday, ...
[Read More] Mortgage application paperwork has to be ready to go, though short-sale purchases should be avoided to make the Nov. 30th deadline. Read more >
[Read More] Bank regulators are seeking a way to get banks to modify real estate debt before it comes due. Read more >
[Read More] Some lawmakers are wondering whether extension and expansion of the housing incentive make sense. Read more >
[Read More] Mortgage Bankers Association predicts increased home sales at the lower end of the market in 2010, with prices continuing to fall into the first quarter of next year. Read more >
[Read More] Experts believe that 2010 will be the first year since 2005 that housing will help the U.S. economy. Read more >
[Read More] The Federal Housing Finance Authority is getting more money to help the organization supervise Fannie and Freddie. Read more >
[Read More] Housing experts say buyers should be shouting from the rooftops with excitement over opportunities to invest in real estate. Read more >
[Read More] Federal Housing Administration Commissioner David Stevens says the government insurer poses little risk to taxpayers and is underwriting far more lower-risk borrowers compared to a few years ago. Read more >
[Read More] House and Senate majority leadership favors continuation of the real estate stimulus, insiders say. Read more >
[Read More] With the improving economy, banks are feeling less pressure to facilitate short sales. Read more
[Read More] Some real estate experts warn that while there will be a gradual rise in home values, buyers should consider the same risks associated with purchasing securities before acquiring property. Read more >
[Read More] The Conference Board survey found that confidence slipped in September, the fourth-straight monthly decline, as unemployment concerns continue to rise. Read more >
[Read More] The owners of the Empire State Building and the Willis Tower are making these skyscrapers more energy efficient, which means lower utility bills. Read more >
[Read More] The Wall Street Journal rated the top 10 U.S. cities to attract young adults in the recovering economy. See if your city made the list. Read more >
[Read More] Despite high demand from buyers, federal standards have made financing for low- and middle-income housing much tougher. Read more >
[Read More] Federal Reserve Chair Ben Bernanke asks Congress for more regulatory power, pushing for the creation of a council to oversee the finance industry. Read more >
[Read More] The Community Mortgage Lenders of America and the Community Mortgage Banking Project have formed to represent and lobby for small, local lenders. Read more >
[Read More] A study of 24 million credit files found that borrowers with high credit scores are 50 percent more likely to walk away from a house and a mortgage than those with lower scores, ushering in an era of "strategic defaulters." Read more >
[Read More] The U.S. Treasury is expected to announce a new program that would help fund state home-loan programs benefiting low-income buyers. Read more >
[Read More] Illinois Association of REALTORS released its August home sales report and statewide total home sales for August 2009 were 10,595, down 3.0 percent from the year before. In the Chicagoland PMSA area, however, year-over-year home sales were positive for ...
[Read More] Remind your first-time buyers that time is of the essence if they want to take advantage of the federal tax credit worth up to $8,000. Buyers need to be moving now to find a home, secure financing and close the transaction before the November 30 deadline ...
[Read More] Tell Congress: Extend and Expand the Homebuyer Tax Credit We have all seen first-hand the positive impact the first-time homebuyer tax credit is having on the real estate market recovery. As the expiration date for this successful program looms, we ALL ...
[Read More] Chicago apartment landlords said Wednesday they are being socked with tax assessment increases that will force them to hike rents in a tough economy. Several landlords cited particular buildings on the city's North Side where assessments have doubled ...
[Read More] Blog Posts In Back of the Yards
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