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News, tips and tricks about the Chicago Area and National Real Estate Market, brought to you by The Helen Oliveri Team of Keller Williams Realty.

ARCHIVED BLOG POSTS

2009 

NEW YORK (CNNMoney.com) -- It appears 0% is here for the foreseeable future. A year ago, the Federal Reserve took its key overnight lending rate, the fed funds rate, down to near 0% for the first time in its history in an effort to keep the economy from falling into depression. The cheap money me...
12/17/2009
Algonquin Commons. Photo from Inland Real Estate Corp. After losing two of its largest tenants to bankruptcy, a big shopping center in Algonquin that opened five years ago now faces financial problems of its own.   Algonquin Commons, a 565,000-square-foot mall in the northwest suburb, is no long...
12/16/2009
Rendering of proposed building Roosevelt finances proposed Loop building Roosevelt University has obtained financing for a 32-story building at 421-25 S. Wabash Ave. that would house classrooms, offices and housing for 600 students. The university has hired architecture firm VOA Associates Inc. ...
12/15/2009
One very big-ticket item has made its way to the top of some high-profile shopping lists this holiday season: the shopping mall itself.   Making strides to emerge from a mammoth bankruptcy, Chicago-based General Growth Properties may be in play, as competitors seek to acquire some or all of the n...
12/14/2009
Finally, a government economic stimulus program that really works. Uncle Sam's $8,000 tax incentive for first-time homebuyers created a shopping spree in recent months that promises to continue -- at least until April 30. Real estate analyst Tracy Cross said the $8,000 credit is responsible for a...
12/11/2009
GE is a bellweather for the commercial real estate market as their vast holdings are fairly well diversified. Unfortunately the picture the company paints is dim. General Electric expects to lose 13 percent more of it’s portfolio in 2010. That is on top of a 34 percent loss since it’s highs of 2...
12/10/2009
By at least one measure, price cuts on Chicago homes appear to be waning, which means sellers are getting more realistic or they're willing to wait longer for their desired price. While more than 27 percent of listings in Chicago on Dec. 1 contained at least one price reduction, the number of lis...
12/09/2009
Democrats push more mortgage aid The Washington Post House Democrats are seeking to tap the government's massive bailout fund to help homeowners who have lost their jobs and are struggling to make their mortgage payments. House Financial Services Committee Chairman Barney Frank (D-Mass.) on Monda...
12/08/2009
Bank Offers Assistance through Home Affordable, Other Home Retention Programs CALABASAS, Calif., Dec. 7 /PRNewswire/ — Bank of America has provided mortgage relief through concluded and trial modifications to more than 600,000 homeowners since January 2008. “At Bank of America, we remain focused ...
12/07/2009
At their recent fall meetings, directors of the California Association of Realtors® (CAR) adopted the following motion: "That C.A.R. in conjunction with NAR, "SUPPORT" the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner in oppos...
12/04/2009
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News, tips and tricks about the Chicago Area and National Real Estate Market, brought to you by The Helen Oliveri Team of Keller Williams Realty Partners.