All Entries Tagged With: "Chicago homebuyers"
What We Need Is Another Home Buyer’s Tax Credit
Each month this year that Chicago real estate sales have increased, experts have attributed the rise to the Federal Home Buyers Tax Credit.
July was the first month that buyers could not qualify for that tax credit, so analysts were expecting a drop in sales.
They got it.
According to the Illinois Association of Realtors, total home sales [...]
Key Award Entries Due September 1
A Key Award signifies quality in home building.
When shopping for a new car, appliance or household product, you probably put a lot of stock in award-winners. Benchmarks like the Good Housekeeping Seal of Approval and the J.D. Powers Award mean a company has earned its stripes by meeting high standards.
When purchasing a new home, buyers [...]
Chicago and Suburban Home Sales Keep Moving Up
The Chicago real estate market is showing signs of stabilization.
On Thursday, the Illinois Association of Realtors (IAR) reported that existing home sales went up for the 10th straight month in Chicago and throughout Illinois.
According to IAR’s latest report, there were 2,526 total home sales in June 2010 in the city of Chicago; that’s a 27.5 [...]
Mortgage Rates Hit New Record Lows
Need to refinance? Whether you do or not, you might want to after reading this story.
Freddie Mac released its weekly Primary Mortgage Market Survey today, and it is filled with record lows.
Let’s start with the 30-year fixed-rate mortgage (FRM), which averaged 4.69 percent this week. That’s the lowest rate the mortgage lender has seen since [...]
Strategic Default Not an Option with Fannie Mae
If you are a homeowner who chooses to walk away from your Fannie Mae mortgage, don’t expect to get another one for seven years.
The government-backed mortgage buyer today unveiled a new policy designed to encourage struggling homeowners who have the means to make mortgage payments to pursue alternatives before settling on foreclosure.
According to Fannie Mae, [...]
