| Jun 20, 2014
| 10:49 AM
HOUSTON — Ever heard the phrase "damned with faint praise"? That's what continually came to mind about the state of the housing recovery as journalists and industry representatives came together here for the annual conference of the National...
| Jul 10, 2014
| 2:01 PM
MetLife Inc. announced Thursday it is teaming with a California developer to build a $110 million industrial distribution center near Hartsfield-Jackson Atlanta International Airport in Georgia.
The New York life insurer, which has operations in...
| Jul 11, 2014
— Sara Bareilles played softly through the surround-sound speakers of my husband's 2003 Mercedes-Benz Kompressor as I sat idling at a light. I'd never been to this church before, but I could see it from where I was, across from an old park,...
| Jul 6, 2014
| 8:57 AM
The housing market's recovery has lost some of its frenzy, but dynamics still at work in the market — a lack of inventory, short market times and worries about mortgage qualifications — are creating opportunities for companies eager to capture...
| Jul 14, 2014
Scott and Caroline Schmauderer know all the acronyms and the nitty-gritty details of the federal government's various programs to help homeowners like themselves, whose plans were derailed by the housing bust.
They read up on loan modifications, but...
| Jul 22, 2014
| 7:28 AM
Foreclosure activity in the Chicago area continues to decline but remains above the national average. That's bad news for local home sellers who have a foreclosed home nearby because while home sales prices are decidedly up year-over-year, they could be...
| Jun 26, 2014
| 1:56 PM
Amid flagging interest for the Home Affordable Refinance Program, Fannie Mae and Freddie Mac are taking their pitch on the road, with the first stop in Chicago next month.
Mel Watt, director of the Federal Housing Finance Agency, is scheduled to meet...
| Jun 29, 2014
It was the worst U.S. economic calamity since the 1930s.
Over 18 months, the Great Recession erased trillions of dollars in wealth, destroyed 8 million jobs and robbed tens of thousands of their homes. More than half of adults lost a job or saw a cut in...
| Apr 5, 2014
| 5:00 AM
The real estate market has long worked on a simple system: If you want to buy a new house, sell the old one and use the equity for a down payment.
But the last few years of low ownership costs and rising rents have some move-up buyers trying a new...
| May 20, 2014
| 3:49 AM
More homeowners with mortgages are recovering equity in their homes that was lost during the housing crisis, but the low end of the local housing market remains in bad shape.
So too, do homeowners in some outlying Chicago-area counties, according to a...
| May 22, 2014
| 1:49 PM
More Chicago-area homes came on the market in April than in any month during the past four years, a good sign for buyers stymied by a lack of inventory during their home search this spring.
Still, the number of available homes listed through the local...
| May 27, 2014
| 4:32 PM
Mhde Askar was barely out of high school but had hundreds of thousands of dollars stashed in his bedroom when he was arrested in 2008 in a massive mortgage fraud scheme.
Over the next six years, Askar, only in his 20s, worked undercover for the feds...