chicago real estate news alert: New REVERSE MORTGAGES Offer Benefits to Many Seniors! Any Downside? - 11/18/08 07:44 PM
Hey, folks! Greetings from Chilly Chicago IL!
Do you remember . . . Option ARM Loans! Short-Term Adjustables! Growth Equity Mortgages! Interest-Only! Interest-Rate Buy-Downs! Piggyback Home Loans!
Many of these loan products seemed very cutting-edge when introduced during more buoyant years in the housing market. But each has been subsequently discredited in … (17 comments)
chicago real estate news alert: LUXURY HOME BUILDERS AVOIDING HOUSING SLUMP? No! - 11/18/08 05:33 PM
Sales of new homes in many areas of the country have plummeted about 15% since 2007. Prices have fallen as well - but CONSTRUCTION COSTS are actually UP, about 13% on average! All figures according to Ken Simonson, Chief Economist for the Associated General Contractors of America, as well as several … (0 comments)
chicago real estate news alert: Is Refinancing a Viable Option Today? - 11/17/08 07:54 AM
Many of our clients ask us if they should refinance their mortgage today.
As you know, as we stand here in November, 2008, Consumer Credit is harder to come by. Underwriting Standards for home loans have been considerably tightened. Many Interest Rates are higher than they were as recently as one year … (0 comments)
chicago real estate news alert: IN TODAY'S MORTGAGE MARKET, Many Long-Time Brokers Leave the Business! - 11/14/08 01:38 AM
Hey, folks - another late night posting! Sue and I are not in Chicago today - we're in Los Angeles for our annual Jumpstart Workshop with our Business Coach, Patti Kouri.
You know, not all that long ago, folks were envious of those who made their livings brokering home mortgages. That … (7 comments)
chicago real estate news alert: IN CHICAGO, AND ILLINOIS - Mortgage Help is Coming . . . But Not for Everyone! - 11/06/08 11:20 PM
Hey, folks!
Over the last few months, several new government programs have been created to help homeowners behind on their mortgage payments, possibly facing foreclosure. But help is not universal.
Lenders have to agree to participate, for one. And, those in distress do need a provable stream of income to qualify … (0 comments)
chicago real estate news alert: PAUSE HOME FORECLOSURES FOR A WHILE? Be Careful Here! - 11/06/08 11:13 PM
President Elect Barack Obama and others have advanced the idea of a short-term moratorium on new home foreclosures, across the board, after he takes office in January.
According to some experts - there is danger in this move!
The overwhelming majority of us are far too young to remember The Great … (1 comments)
chicago real estate news alert: SOME ECONOMISTS SAY HOUSING MARKET BOTTOM MAY BE IN SIGHT! - 10/30/08 05:05 PM
Nice, compelling headline . . . YES?
Well, don't get too excited, folks. The bottom is likely not IMMEDIATELY in sight, but it is possible, sometime in 2009.
At the National Association of Homebuilders Conference last week, several of the econmists who attended saw a bit of hope on the horizon. … (3 comments)
chicago real estate news alert: CAN ONLINE MORTGAGE LENDERS REALLY SAVE YOU MONEY? - 10/29/08 04:05 PM
Hey, Gang!
You've seen the commercials on TV and on the Internet - low rates on new and refinanced mortgage loans. Many are lower than what local Loan Brokers, and many banks, seem to be offering these days.
But are these offers on the level? And, will someone be there to … (1 comments)
chicago real estate news alert: HOW THINGS HAVE CHANGED - Former Fed Chairman Alan Greenspan Now "The ENEMY"? - 10/26/08 10:04 AM
It really is a different world, folks!
Many things have really changed since Former Federal Reserve Board Chairman Alan Greenspan stepped down in January, 2006.
Greenspan, once highly respected as an "oracle" for the economy, is now having his decisions as Fed Chairman second-guessed by Federal Legislators scrambling to resolve today's … (2 comments)
chicago real estate news alert: U.S. HOUSING STATS BRINGING SOME ENCOURAGING NEWS . . . FINALLY! - 10/24/08 01:51 PM
Good Afternoon, All!
Sometimes, it seems like the drumbeat of bad news in the housing market will never end. But, finally, some good news - two months in a row!
Data released today by the National Association of Realtors show existing home sales rose more than expected last month - the … (2 comments)
chicago real estate news alert: TAX RELIEF FOR COOK COUNTY IL HOMEOWERS? At Best, A Long Shot in 2008! - 10/23/08 03:08 PM
Good Afternoon, Everyone!
Often, taxes increase - income taxes, sales taxes, property taxes - rather than going down. Right?
And, most times, when they do increase, the politician most seen responsible for the increase, whether or not they are solely responsible, incurs voter wrath.
That's happening right here, right now, in … (0 comments)
chicago real estate news alert: CREDIT CARD DELINQUENCIES - The Next Bubble to Burst? - 10/22/08 12:14 PM
Good Morning!
We have all experienced the slowing Real Estate and stalled, retrenching Mortgage Markets. In some parts of the Chicago area, these factors have hit us hard!
But is there another shoe to drop?
The credit freeze and the turmoil over the last three weeks on Wall Street has hit … (89 comments)
chicago real estate news alert: U.S. FINANCIAL BAILOUT PLAN NOT ENOUGH FOR HOMEOWNERS - FDIC Chief! - 10/21/08 06:09 PM
Do you think everyone in the Bush Administration is completely on board with the recently-passed,$700 Billion Federal Bailout to aid Financial Institutions and Wall Street? The answer is "NO!"!
The Chairman of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, feels the Bailout does little to protect homeowners behind on their mortgage payments … (1 comments)
chicago real estate news alert: LENDERS SLASHING STAFF - But Many Lenders Still Profitable Today! - 10/20/08 03:26 PM
It's an amazing statistic, in this year of amazing statistics!
In 2007, at least 100,000 mortgage professionals lost their jobs as Mortgage Market Turmoil grew involved. Loan Originators, Processors, Closers, Support Staff - few, if any, are immune from possible cutbacks.
Last quarter alone, an estimated 9,000 mortgage practitioners nationwide were … (3 comments)
chicago real estate news alert: Has Consumer Sentiment Rebounded, as Gas Prices Fall Back? - 10/19/08 11:33 PM
Here in Chicago, gas prices have fallen just over 25% from their summertime peak - at over $4.50/gallon of regular gasoline in parts of the city last July. In other parts of the U.S., where local and county gas taxes are not as oppressive, gas has fallen way south of $3.00 … (9 comments)
chicago real estate news alert: NEW HOME CONSTRUCTION CONTINUES DOWNWARD TREND in September! - 10/19/08 11:22 PM
As further evidence that the bottom of the housing market has likely not yet come, Housing Starts fell in September for the third consecutive month. Last month, Housing Starts dipped 6.3%, to a seasonally-adjusted annualized rate of 817,000 units. That's an 18-year low!
Since September, 2007, Housing Starts across the U.S. have … (5 comments)
chicago real estate news alert: COUNTRYWIDE, B OF A TO Defy State of IL Ruling Directing "No New Mortgage Loans" Here! - 10/17/08 04:57 PM
Earlier this month, the Bank of America, as well as Countrywide Homes Loans, which the mega-bank recently acquired, agreed to modify thousands of risky, resetting home loans here and in other states to forestall many possible foreclosures.
The settlement was reached in court, in response to a lawsuit brought against the … (2 comments)
chicago real estate news alert: WHO WILL LEAD THE PACK When the Housing Market Rebounds (as You Know It Will)? - 10/16/08 10:42 PM
Let's think OPTIMISTICALLY, folks!
One day, hopefully, one day soon - the U.S. Housing Market will come roaring back! (Remember - think positive!)
When that day comes, and when inventory begins to fall, prices begin to stabilize, and those sheets of plywood come some off those houses across the Portage Park, Englewood, and … (7 comments)
chicago real estate news alert: With The U.S. Rescue Plan Now Law . . . WHERE GO MORTGAGE INTEREST RATES? - 10/05/08 04:55 PM
Hi from rainy Chicago! (Well, at least our Chicago Bears won this weekend!)
The Bailout Passed! Much has been said about the possible effects, and concerns, of such a move by the Bush Administration and Congress. Initial reaction runs from outrage, to relief, to mass confusion.
But how will U.S. Mortgage … (4 comments)
chicago real estate news alert: U.S. FINANCIAL RESCUE ("Bailout"?) PLAN APPROVED! Now What? - 10/04/08 05:59 PM
Hey, hey - it was a mere 24 hours ago, roughly, that the U.S. Congress passed, and President Bush signed into law, a massive, $700 Billion plan to stabilize the financial markets, and shore up lenders. These institutions financial positions were considerably weakened by bad lending decisions they made during the height … (5 comments)
chicago real estate news alert: DESPITE TROUBLESOME LENDING ENVIRONMENT, Government Incentives Abound for A Few! - 10/02/08 07:17 PM
Good Evening, Everyone!
The "As The Stomach Turns" Financial Bailout/Financial Rescue struggle continues. I think the only ones benefiting from such a struggle are the manufacturers of Pepcid and Mylanta heartburn potions!
But there are little glimmers of hope these days, here and there.
One involves the First Time Homebuyer Incentive … (0 comments)
chicago real estate news alert: HERE IN CHICAGO, Chase Takeover of Wa Mu Will Cost Jobs! - 09/30/08 08:18 AM
Another side effect of Federal Bank Takeovers, followed by distressed bank sales, is a loss of jobs. Here in Chicago, the J.P. Morgan Chase takeover of troubled Washington Mutual might cost up to 2,000 Wa Mu employees their positions.
As we know, Washington Mutual, arguably the largest Savings & Loan in the U.S. with … (4 comments)
chicago real estate news alert: REFINANCE YOUR MORTGAGE? Now? - 09/28/08 11:21 PM
Hope you had a fantastic weekend, folks! (If you happen to be a fan of the New York Mets, however - our condolences!)
Assuming credit markets calm down a bit with the Financial Bailout which should be clearing Congress in the next few days, is NOW a good time to consider … (2 comments)
chicago real estate news alert: SUBURBAN SPRAWL - Will Falling Home Prices, Rising Gas Prices, Scale it Back? - 09/27/08 11:09 AM
It wasn't all that long ago, here in Chicago, and I would assume, in the place where you live, that many homebuyers started looking at newly-built subdivisions "way out in the country" - distant from downtown. Despite high commutes, most found they could find a bigger home, with more land, far … (5 comments)
chicago real estate news alert: More Homeowners Spending a Too-High Percentage of Their Income on Housing! - 09/25/08 03:22 PM
Today, in the City of Chicago, nearly 35% of all homeowners find their housing expenses too high versus their take-home income, according to 2007 U.S. Census Bureau Data.
For many years, financial professionals have set a threshold of 35% as the percentage of your take-home pay that should be set aside for … (1 comments)
chicago real estate news alert: AUGUST, 2008 CHICAGO AREA HOME SALES FALL OVER 30%! - 09/24/08 03:13 PM
Home resales here in the Chicago Metro Area, and across the State of Illinois, continued their tumble in August.
Local figures come on the heels of National Association of Realtors data indicating resales fell 2.2% last month, to an annualized rate of 4.91 Million Sales. The national median price of a … (0 comments)
chicago real estate news alert: FEW LIKE FINANCIAL BAILOUT - But Most Agree it Must Be Done! - 09/24/08 11:16 AM
Minute by minute, hour by hour, the debate rages in Washington.
Most agree the $700 Billion Financial Bailout proposal forwarded by U.S. Secretary Henry Paulson and Fed Chairman Ben Bernanke, will soon become law.
Those in the street here in Chicago are confused, but reluctantly agree with the need for a … (11 comments)
chicago real estate news alert: NEW HOME CONSTRUCTION CONTINUES TO FALL - Housing Bottom Not Yet Near? - 09/18/08 08:15 AM
Here in Chicago, you see it in Lakeview Condo Rehab Projects, Townhouse Developments that just won's sell on the Northwest Side, and in new communities of Single Family Homes across the suburbs.
Heavy Developer Incentives!
These "spiffs" often range from pre-paid assessments. Mortgage rate buy-downs. Free trips. More!
Indeed, construction of … (6 comments)
chicago real estate news alert: WILL HOMEOWNER DOWN PAYMENT ASSISTANCE PROGRAMS BE SAVED? - 09/17/08 08:13 AM
Morning, all!
The U.S. Housing Relief Bill, passed just weeks ago, will put an end to the practice of third-party companies acting as intermediaries so sellers can contribute to a prospective buyer's down payment, effective October 1st. Or, will it?
This program has been a controversial one for a long time. … (3 comments)
chicago real estate news alert: FED HOLDS KEY BENCHMARK RATE STEADY TODAY. Impact on Mortgage Rates? Likely, NONE! - 09/16/08 05:01 PM
A very tumultuous ride in the financial markets over the last ten days continues!
The Fannie Mae and Freddie Mac takeover. The Lehman Brothers Bankruptcy. The Merrill Lynch Acquisition by Bank of America. The AIG mess - the world's largest insurance company.
All - tied to troubles in the credit, mortgage, and … (4 comments)
chicago real estate news alert: FANNIE/FREDDIE TAKEOVER, CONTINUED - Underlying Housing Market Problems Remain! - 09/10/08 08:52 AM
Good Morning, All!
Did anyone think the U.S. Treasury takeover this weekend of major mortgage investors and guarantors Fannie Mae and Freddie Mac solve all of our housing woes?
Few did - although many feel this drastic step was necessary to prevent a massive meltdown in the mortgage markets.
But the … (0 comments)
chicago real estate news alert: HERE'S A CREATIVE WAY to Tap Home Equity - But You'll Pay in the End! - 09/08/08 09:53 PM
Ah, entrepreneurship! Creativity! It never ceases to amaze me!
Here's a way to draw equity from your home, without a mortgage lien, that's even available as traditional lenders are drastically curtailing their Home Equity Line of Credit products. It is now available to select homeowners in Chicago and across Illinois.
REX, … (2 comments)
chicago real estate news alert: TAKEOVER - Will New Fannie Mae/Freddie Mac Turn Around The Housing Market? - 09/08/08 09:35 PM
Within the last 48 hours, dozens of articles, perhaps scores of posts, have been written detailing the U.S. Treasury Department takeover of Mortgage Giants Fannie Mae and Freddie Mac. Here in Chicago, it's all the buzz as well!
But . . . what happens now?
Beginning last night, experts predicted the … (9 comments)
chicago real estate news alert: PAST-DUE MORTGAGE PAYMENTS, FORECLOSURES CONTINUE TO RISE. Will Home Prices Fall Faster? - 09/07/08 12:33 PM
The drumbeat goes on! Foreclosures increase! Late Mortgage Payments on the rise!
The new, 2nd Quarter Mortgage Bankers Association Delinquency Survey was released this week, and it shows that nearly one-tenth of all homeowers are either one-month behind in their mortgage payments, or in some stage of the foreclosure process.
The … (1 comments)
chicago real estate news alert: THERE ARE TONS OF RESOURCES ON THE WEB! Do I Really Need a Realtor? - 09/05/08 01:38 AM
Hey, Hey AR! Hope all is well with you!
It's been raining all day here in Chicago. The remnants of Hurricane Gustav, we've been told.
Man, have you ever heard this in today's market, "Why should I hire an expensive Realtor. I'm really low on cash. Can't I find everything I … (36 comments)
chicago real estate news alert: MORE SUBTLY, NOW - Appraisers Still Pressured to Have Property "Appraise Out"! - 08/27/08 10:06 AM
Good morning, AR!
Inflated appraisals during the hot Real Estate Market. I'm sure they occured here in Chicago, and in your market area as well.
Many experts blame these overstated valuations for a big part of the weakness in the Real Estate Market today. Overstated values led to phantom equity, which … (0 comments)
chicago real estate news alert: As Sub-Prime Conventional Borrowing Disappears, FHA Loans Continue to Grow! - 08/24/08 12:16 PM
Man oh man, times have changed in the world of home financing!
A couple of years ago, FHA insured loans were shunned. Conventional Sub-Prime Loans were as available as the air, to virtually every borrower. They allowed those with blemished credit and low down payments to purchase virtually any home they … (3 comments)
chicago real estate news alert: FANNIE MAE, FREDDIE MAC TO INCREASE LOAN FEES FOR MANY - Bad News, Bad Timing! - 08/19/08 05:00 PM
Good Afternoon, AR, from the Beautiful North Side of Chicago!
Here's a case of bad news, and crumby timing, out of seemingly-cash-strapped, and possibly government-bailed-out, U.S. Loan Guarantors Fannie Mae and Freddie Mac. For many, conventional loan processing fees are going up!
The increased fees officially take effect on October 1st, although many … (1 comments)
chicago real estate news alert: CHICAGO BUDGET GAP WILL WIDEN - CITY LAYOFFS MAY RESULT! - 08/14/08 05:23 PM
Good Afternoon, AR!
The Internet and News Radio has been buzzing here in Chicago this afternoon as Mayor Richard Daley announced his estimated budget for 2009. As you can imagine - it will be big - and, there is a large anticipated budget shortfall next year.
How much of a projected … (2 comments)
chicago real estate news alert: Just-Released Data from FDIC Substantiates Mortgage Woes! - 08/08/08 07:48 AM
Good Morning, All!
I ran into some interesting data yesterday in The Wall Street Journal which summarizes very well how things have change in mortgage lending in a couple of years.
According to the Federal Deposit Insurance Corporation, 0.91% of all prime loans that originated in 2007 were in "serious default" … (1 comments)
chicago real estate news alert: YOUR MORTGAGE READY TO CLOSE? Maybe Not! - 08/06/08 11:16 AM
Good Morning, Folks! Another hot day on tap for Chicago, after a crazy weather week - and very scary thunderstorms and high winds on Monday night.
These days, even a Mortgage Commitment Letter is not enough to assure a home closing. Nearly-weekly changes to lending rules, and Private Mortgage Insurance Requirements, sometimes … (0 comments)
chicago real estate news alert: NEW HOUSING RELIEF BILL - Here's a Fast Summary! - 07/31/08 11:30 PM
Hey, AR!
As we all know, President Bush, without much fanfare, signed the Housing Relief Bill into law yesterday morning in the White House. Here is a brief summary of its most important provisions.
$300 Billion in new loan backing for distressed homeowners, many of which financed within the past few … (0 comments)
chicago real estate news alert: Chicago Area, Illinois, U.S. Foreclosure Filings March Higher! - 07/27/08 12:43 PM
If you look at the latest foreclosure statistics, compiled by RealtyTrac.com, you would see the climbing rate of foreclosures both locally, statewide, and nationally shows little signs of abating.
The State of Illinois shows a 57.99% increase in homes in some stage of foreclosure during the Second Quarter, 2008, versus one … (2 comments)
chicago real estate news alert: SCARY CHICAGO AREA SALES NUMBERS FROM LAST QUARTER! - 07/25/08 10:42 AM
Good Morning, AR!
It seems, sometimes, when things begin to "feel" like they are turning around here in the Chicago Real Estate Market, the realty of the numbers hits you in the face saying "Not So Fast!"
Although, through our own personal experience, we're seeing interest and activity increase on our … (0 comments)
chicago real estate news alert: FANNIE MAE, FREDDIE MAC Now Have "Safety Net" from Fed, U.S. Treasury! - 07/15/08 11:50 PM
The U.S. Secretary of the Treasury, the Federal Reserve Board, and The President consider Fannie Mae and Freddie Mac key to turning around the real estate market downturn nationwide. Should these two government-sponsored Mortgage Investors and Guarantors fail, the result might be tragic for the U.S. Economy, and the housing market's … (1 comments)
chicago real estate news alert: NEW FED MORTGAGE GUIDELINES UNVEILED - Will Apply To All New Loans! - 07/14/08 10:33 PM
Will new loan rules passed unanimously today by the Federal Reserve Board better protect home borrowers? Or, will they even further dampen borrowing power of prospective homeowners, and have a negative effect on the already-depressed housing market?
That matter is up for debate. But as mortgage defaults and foreclosures continue to … (2 comments)
chicago real estate news alert: SENATE LIKELY TO PASS HOUSING BILL - But Will House, President Bush Approve? - 07/10/08 11:21 PM
Hello, All!
The long-awaiting Housing Reform Legislation seems likely to pass the U.S. Senate next week. The effect on markets faced with high housing inventory and slack demand, along with tight loan underwriting standards - including parts of Chicago and the suburbs - could be significant!
It's proposals are ambitious - … (3 comments)
chicago real estate news alert: FEAR OF RISING DEFAULTS Batter Fannie Mae, Freddie Mack Shares! - 07/09/08 11:01 PM
Most of us know Fannie Mae and Freddie Mac as government-sponsored private companies which procure and guarantee approximately half of all U.S. residential mortgage loans.
This week, the stock of each company took a pretty good beating! Freddie shares fell 17.9% on Monday alone - as private investors began to fear … (2 comments)
chicago real estate news alert: BUYING FORECLOSED PROPERTIES? Patience, Persistence, and Strong Credit Required! - 07/02/08 10:31 AM
The increase in foreclosures throughout IL is tragic!
Statewide, foreclosed properties have increased 42% since May, 2007. The terrible misfortune that foreclosed homeowners feel often becomes big opportunity for those looking to buy these distressed properties at a significant discount off market price
Foreclosed homes totaled 9,670 across IL in May, 2008, … (3 comments)
chicago real estate news alert: CHICAGO AREA HOME SALES DOWN 29% SINCE MAY, 2007 - But Is Trend Reversing? - 06/29/08 07:28 AM
Enjoy your Sunday, AR!
Is the Chicago Real Estate picture beginning to brighten? Perhaps . . . but, not so fast!
For the one-year period between May, 2007 and last month, home sales in the Chicago Metro Area and a few surrounding counties - Cook, Lake, DuPage, Will, McHenry, Grundy, Kendall, … (0 comments)
chicago real estate news alert: HOME PRICE INDEX FALLS - But Not So Bad Here in Chicago! - 06/25/08 09:51 AM
Today's Wall Street Journal Page One story is ominous!
Home Prices Fall Nationwide. Consumer Confidence Sinks. And Most Potential Home Buyers Still Wait on the Sidelines!
Here in Chicago, the negative drumbeat isn't as loud. According to the latest Standard & Poors Case-Shiller Home Price Index, just completed providing April statistics, … (1 comments)
chicago real estate news alert: FACING FORECLOSURE? According to Website, "Just Walk Away!" - 06/25/08 08:54 AM
Good Morning, Everyone!
The angst, the turmoil, the depression of those facing possible foreclosure has, supposedly, just gotten easier. One option - "Just Walk Away!"
Started in California, and geared at homeowners who owe more than their home is worth, YouWalkAway.com provides a "do it yourself" kit to plan walking away … (4 comments)
chicago real estate news alert: DAYS OF SELLER CONTRIBUTIONS TO BUYER'S DOWN PAYMENTS ON FHA LOANS MAY BE NUMBERED! - 06/22/08 04:38 PM
FHA Loans!
Their proponents say their the answer to many prospective buyers with low down payment and blemished credit. Until last year, many would have opted for higher-risk, high-leverage sub-prime loans, complete with potentially-dangerous rate resists, high interest rates, and low potential for building equity.
FHA loans are fixed, at competitive … (2 comments)
chicago real estate news alert: NEW IL MORTGAGE RULE Forces Counseling for Certain Buyers Prior to Close! - 06/13/08 10:26 PM
The rules for home borrowers are tightening up here in Cook County IL (the county in which Chicago is located). Specifically, certain first-time buyers, considering several "high risk" loan products, will now have to complete a counseling session before they close on their new home.
This "Cook County Predatory Database Lending Program" debuts … (1 comments)
chicago real estate news alert: LOWBALL LOUIE - Listing Agents, How Often are YOU Seeing Him? - 06/13/08 04:46 PM
Happy Friday Afternoon, Folks!
Guess who came in to one of my listings yesterday? Wearing an old shirt, carrying a yellow legal pad, and fingering his calulator!
You might know the guy - his name: LOWBALL LOUIE! I hear he gets around, all over the country, and all around the world, … (4 comments)
chicago real estate news alert: REAL ESTATE MARKET PRICES BOTTOMING OUT? - Here in Chicago, Not Yet! - 06/11/08 11:22 PM
Good Evening, Folks!
Hope you're having a pleasant night, out in Real Estate Land! (When I'm done posting this, I'm going to catch up on an old "Honeymooners" episode on the Classic TV Station here in Chicago - Channel 23 on cable)!
There has been considerable press, both nationally and here … (2 comments)
chicago real estate news alert: MORTGAGE DELINQUENCIES, FORECLOSURES HIT 29-YEAR HIGH! - 06/08/08 11:55 AM
Just when you were hoping for some good news in the real estate market, you hit the web, and find more distressing news.
Across the U.S. nearly 10% of homeowners fell behind on their mortgage payments during the First Quarter of this year! This comes from statistics compiled by the Mortgage … (1 comments)
chicago real estate news alert: CHICAGO METRO AVERAGE HOME PRICE UP OVER 16% - Despite Perception To The Contrary! - 05/28/08 10:30 AM
Findings from the Quarterly Survey of Home Prices, published by the Federal Housing Finance Board, show First Quarter, 2008 Chicago Average Home Prices increasing by 16.4% over the First Quarter, 2007.
Although the Chicago Real Estate Market is very large and diverse, and contains numerous pockets of varied growth or decline, … (2 comments)
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