All Entries Tagged With: "Economy"
Ever Been to a Home Auction? Here’s Your Chance
Want Chicago real estate? Why not buy it through an auction? A Hudson & Marshall residential auction of approximately 60 Chicago-area, bank-owned homes will take place on Thursday, May 20 at 1 p.m. in the Hilton Chicago in Northbrook. All properties, located in the city and surrounding suburbs, are being sold “as-is,” so it’s important [...]
Help is Here for Struggling Homeowners
The amount of U.S. homeowners facing foreclosure in April fell 2 percent from a year ago. Big deal, you think. Well, think again: It’s the first annual decline in five years. RealtyTrac Inc., which tracks this kind of stuff, reports that 333,837 U.S. properties got default notices or were repossessed in April. That’s still one [...]
First-Quarter Home Sales Offer Reason to Celebrate
Suburban and Chicago real estate saw a huge boost in first-quarter sales this year, thanks in large part to the Federal Homebuyers Tax Credit. According to the Illinois Association of Realtors (IAR), the city of Chicago marked the biggest increase, with the sale of existing homes up 41.6 percent in the first quarter of this [...]
Home Buyers Tax Credit Expiring: Now What?
Friday is the last day to take advantage of the Federal Home Buyers Tax Credit. Do you have a contract in place? If not, don’t fear. While Congress hasn’t announced any plans to extend the program, others are stepping up with incentives to help the struggling real estate market, and my guess is there will [...]
Insurance Giant to Raise Homeowners Rates in Illinois
If you get your homeowners insurance from Allstate Corp., you aren’t going to like this story. The insurance company announced this week that is was going to raise rates on Illinois homeowners policies by 8.2 percent. That increase was filed last week with the Illinois Department of Insurance and will take effect in July. Homeowner [...]
