All Entries in the "Economy" Category
Financial Problem Recognition
Do you sometimes look at your credit card bill or bank statement and wonder, “where did it all go?” If you find yourself having that reaction more than once, it’s time to buckle down and start budgeting. The idea of budgeting can be intimidating, but there are many simple options that can be a great [...]
Mortgage Rates Hit More Historic Lows
As long as they keep falling, we’re going to keep telling you about them. The economy continues to struggle and mortgage rates continue to drop. This week each mortgage option reached a new all-time low except the 1-year ARM, which actually posted an increase. Mortgage rates for the week ending February 2, according to Freddie [...]
Help for Struggling Chicago Homeowners
With the tough state of the economy and the housing market, Illinois and Chicago real estate owners and renters need an advocate to keep them apprised of their rights. Beginning this Saturday, and repeating each Saturday throughout the year, you can enlist the help of some advocates for free. Homeowners Advocates is offering a series [...]
Federal Program Will Turn Foreclosures Into Rentals
If I had money to invest, it would go right into the housing market. Chicago real estate values are hovering around their 2001 levels, and interest rates are at record lows. The time to buy is now. Of course, being upside-down in my own mortgage, I am in no position to be investing in the [...]
Chicago Home Prices Haven’t Hit Bottom
U.S. home prices are still falling down, especially amongst Chicago real estate. The Standard & Poor/Case-Shiller Home Price Index was released Tuesday with 19 of the 20 cities reporting a drop in home prices from October to November. Chicago home prices fell 3.4 percent, more than any other metropolitan area in the country that month. [...]
