| Sep 23, 2013
| 7:59 AM
More than four years after the Federal Housing Finance Agency established a mortgage refinancing program, the effort has been losing steam.
Now the agency is looking for underwater but current borrowers, including almost 60,000 homeowners in the Chicago...
| Sep 27, 2013
It's almost October, fewer properties are coming onto the market, and repeated efforts to purchase a home have been thwarted by higher bids.
Maybe it's time to write a love letter to a seller.
It sounds sappy, and the financial offer still has to be...
| Sep 29, 2013
| 2:30 PM
By Ilyce Glink and Samuel J. Tamkin
Q: I was listening to your radio show recently with some interest about the condition of the Chicago real estate market and was astounded by your response to one of your callers.
The man was a house painter who was...
| Jun 26, 2013
Homeowners who avoided drowning as their single largest investment went underwater in the economic downturn no doubt will want to wait before taking down the sandbags and putting away the snorkel. But the rain cloud that's loomed over the housing market...
| Jul 2, 2013
The quickening pace of the housing recovery has surprised homebuyers and housing pundits alike, as year-over-year home prices have increased more than 20 percent in a few markets. Now there are concerns that rising mortgage rates, which closed in on 4.5...
| Jun 28, 2013
A low supply of homes for sale is pushing up home prices at the same time that mortgage rates are moving higher. Yes, homebuyers, how much house you can buy is on the decline.
But don't fret too much. Home affordability is still really, really good,...
| Jun 20, 2013
The city of Chicago's frustration in dealing with the vacant, foreclosed homes that are causing blight in its neighborhoods was on full display in federal court Wednesday as city attorneys argued that Fannie Mae and Freddie Mac should have to follow its...
| Jun 13, 2013
| 3:30 AM
Home values in Illinois' most populous county are improving, but the gains may be smaller than would-be sellers are expecting.
First-quarter prices of single-family homes in Cook County increased 3.5 percent from 2012's first quarter and rose 3.2...
| Jun 16, 2013
When its sales office opened in 2006, Enclave at Galewood Crossings was touted as an upscale, gated community of almost 200 single-family and multifamily homes built on the largest undeveloped piece of land left within the city limits.
| Jun 7, 2013
| 8:37 AM
CHICAGO (Reuters) - The big four-story house in suburban Pittsburgh might remind you of the set of "The Golden Girls." But unlike the hit TV sitcom of the late 1980s and early '90s, the three women who live there are not in it for the laugh track....
| May 31, 2013
Mortgage interest rates have moved much higher than they were just a few weeks ago, and there's consensus that just as home prices have moved off the bottom, so have mortgage rates.
On Thursday, Freddie Mac reported that the average rate for a 30-year,...
| May 23, 2013
Forty percent fewer homes were available for sale in the nine-county Chicago area in April than a year ago, leading to higher sales prices. That, in turn, is prompting more homeowners to slap fresh paint on their walls and list their homes for sale....