Illinois reopens program for struggling homeowners
Illinois is reopening its mortgage assistance program to homeowners who haven't been able to pay mortgages because they've lost jobs or gone through a hardship like an illness or the...
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Once sizzling, Chicago-area home sales cool off
Chicago-area home prices no longer are climbing at the sharp pace recorded in the spring, but both prices and sales continued modest gains in June. Compared with a year ago,...
Cash-strapped Ruth Page dance center sells parking lot to condo developer
The Ruth Page Foundation has sold its Gold Coast parking lot for $16.6 million to ensure its dance center's survival and allow developer Lexington Homes to build a 27-story luxury...
The dubious side of a record stock market
Who would have thought lukewarm could be so hot? But it is. The stock market hit record levels four days in a row this week before pausing Friday. The Standard...
Quarter of luxury Wanda Vista Tower units under contract, developer says
A little over a quarter of the units have gone under contract in Chicago's planned 95-story luxury Wanda Vista Tower, and developer Magellan hopes to begin construction this month or...
Illinois agency offers underwater homeowners up to $50,000 in relief
Illinois homeowners who are struggling to handle mortgages that are larger than the value of their homes may be able to get help soon. Starting Aug. 1, the Illinois Housing...
For investors, Brexit proved to be a good time to do nothing
The time you spent worrying about your savings vanishing after British voters decided to leave the European Union a couple of weeks ago may seem silly now. The stock market...
Chicago to see stability during foreign home buying slowdown, study says
The world's economic problems are slowing the flow of foreign money into the U.S. housing market from wealthy people seeking financial safe havens from China, Russia, Latin America and the...
Consumers getting better at paying back loans, banking group says
Consumers appear to be disciplined about paying their loans on time, with delinquencies during the first quarter of this year falling well below the 15-year average, the American Bankers Association...
Will Social Security be there when you need it?
The Social Security trust fund is expected to run out of money by 2034. Should you worry? Not if you are already retired or about to retire, acting Social Security...