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If you notice real estate agents in Tinley Park walking with a bit more of a swagger these days, it's because they've got a new weapon to help them sell homes. No, it's not the housing tax credit extension and expansion. Every real estate agent ...[Read More]
The Navy's plan to return 27 acres of property to the Glenview tax rolls could be delayed by the recession, officials say. The first challenge will be to decide whether to buy the land at Shermer Road and West Lake Avenue from the Navy when it comes ...[Read More]
CHICAGO - Like holiday shoppers in search of a good bargain, first-time home buyers were out in force last month, scooping up homes to grab a federal tax credit that was to have expired Nov. 30. As a result, sales of existing single-family homes and condos ...[Read More]
If you are looking to move to someplace affordable, we have the list for you. The criteria that the National Association of Home Builders uses is if the home is affordable for families living at the median income of $64,800. So while these cities are not ...[Read More]
Some rental investments don't pay off Inman News Buying foreclosed, or otherwise inexpensive, residential units with the game plan of renting the property for as many years as it takes until real estate appreciation returns has proven to be a time-tested ...[Read More]
Multi Level Solid Brick Building! • 4 bath, 4 bdrm multiplex "Multi-Family" - MLS® $34,000 Lake Township, Chicago - Multi Level Brick Solid building awaiting your finishing touches. Sold as-is; no survey or disclosures. Buyer responsible ...[Read More]
US Q3 foreclosures, delinquencies hit new records Reuters NEW YORK - U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter, with both reaching record highs, the Mortgage Bankers Association ...[Read More]
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]
Foreclosure Spat Brews in Chicago The Wall Street Journal While many banks are taking pains to work out troubled commercial-property loans rather than foreclosing, Bank of America Corp. has lost its patience with a developer who took on a notoriously stubborn ...[Read More]
More foreclosures and short sales hit the market OC Register There were more foreclosures and short sales on the market last Thursday in Orange County than two weeks earlier — not a comforting trend heading into the holidays The chart from Steve ...[Read More]
Buying a Home in Time to Get Credit November 15, 2009, Wall Street Journal House hunting usually slows down this time of year, as people put their searches on hold during the holidays. This winter could be different, however, thanks to the extension — ...[Read More]
What's Behind the Foreclosure Decrease November 12, 2009, U.S. News & World Report Even as the housing market continues to stagger, foreclosure filings in October declined for the third month in a row. Foreclosure filings were reported on 332,292 ...[Read More]
Foreclosure Tide Turning? Foreclosure filings were reported on 332,292 U.S. properties in October, a decrease of 3 percent from the previous month but still up nearly 19 percent from October 2008, according to the RealtyTrac U.S. Foreclosure Market Report ...[Read More]
3rd Drop in Foreclosures Hints at Recovery; State-By-State Chart November 12 2009, USA TODAY Foreclosures fell for the third-consecutive month in October, another sign the worst of the housing crisis may be past. RealtyTrac, an Irvine, Calif., real estate ...[Read More]
For 10 years, former NFL defensive end Marcellus V. Wiley menaced quarterbacks, playing for the Buffalo Bills, the San Diego Chargers, the Dallas Cowboys and the Jacksonville Jaguars. Now he may be sacked by foreclosure. Wiley, better known as “Dat ...[Read More]
Delinquencies, Foreclosures Soared in September November 9, 2009, United Press International Today one out of every eight American homeowners with a mortgage (12.5 percent) is either in foreclosure or delinquent in their payments. Record high rates of ...[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]
Bailout: $15 Billion More to Fannie Mae (and More to Come) November 6, Pro Publica The Treasury Department will pump $15 billion more into Fannie Mae, the company announced last night. That brings Fannie’s total bailout to $59.9 billion; together ...[Read More]
Obama To Sign Bill Friday Extending Homebuyers Credit Associated Press The White House says President Barack Obama on Friday morning will sign a bill that expands a popular homebuyers tax credit and extends unemployment benefits. Congress on Thursday completed ...[Read More]
Q&A: The Outlook for Home Foreclosures Time Home sales and prices seem to be on the mend — but the foreclosure crisis marches on. TIME's Barbara Kiviat spoke with Rick Sharga, vice president of RealtyTrac, a firm that counts foreclosures, ...[Read More]
Massive amounts of foreclosures clogging county's civil courts Miami Herald Most everyone involved in a foreclosure says they never wanted to go through the process in the first place: Not the homeowners at risk of losing their houses, not the banks ...[Read More]
More walk away from homes, mortgages USA Today When Sharon Sakson was laid off recently from her job as a television writer and producer, she burned through her savings to pay the $2,400 monthly mortgage on her home. But she soon decided it didn't ...[Read More]
It’s OK to Walk Away, A Law Professor Argues The Wall Street Journal Many Americans are enraged by the thought that some people are simply “walking away” from their homes—in other words, ceasing to make monthly loan payments and ...[Read More]
UCLA sees 16% home-price gain in 2010 October 29, 2009, Orange County Register Double-digit housing appreciation will return to Orange County next year, with the median home price rising somewhere from 15.9 percent to 16.6 percent, UCLA economists forecast ...[Read More]
Foreclosures Spread to Middle Class October 28, 2009, NEWSWEEK The foreclosure crisis may be coming to a middle-class neighborhood near you. As joblessness continues to rise and as a person's unemployment lasts on average 6.5 months, roughly 3.4 million ...[Read More]
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