At 65.4% home ownership dips to 16-year low
Fewer people owned homes in 2012's final quarter, sending the nation's homeownership rate down to a level not seen since the fourth quarter of 1996. The Census Bureau said that...
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Realtors’ dose of optimism tinged with reality
It's been two years since the Chicago Association of Realtors conducted an economic briefing for its members because, frankly, any forecast revolved around rising foreclosures and falling home values. But...
Realtors’ dose of optimism tinged with reality
It's been two years since the Chicago Association of Realtors conducted an economic briefing for its members because, frankly, any forecast revolved around rising foreclosures and falling home values. But...
Mortgage rates hit 4-month high
The average interest rate on a 30-year, fixed-rate mortgage moved higher this week, to 3.42 percent, its highest level since Sept. 29, Freddie Mac said Thursday in its weekly report.Last...
Chicago-area home sales finish year on a strong note
More than 7,000 homes were sold in the Chicago area last month, capping the best finish for a year since December 2006, just before the local housing market's bubble burst....
Chicago-area home sales up 19% in December
More than 7,000 consumers in the Chicago-area bought themselves a home last month, the best finish for the year since December 2006, just before the local housing market's bubble burst....
Toni Preckwinkle: Land bank won’t offer ‘quick fixes’
After two years of discussion, the Cook County Board last week approved the creation of a countywide land bank. Now the real work begins for the land bank, which will...
Programs help homebuyers clear mortgage hurdle
Hundreds of would-be homeowners stepped forward in the final two months of last year to claim $15,000 down payment assistance grants from Wells Fargo & Co.'s CityLift program. With no...
Programs help homebuyers clear mortgage hurdle
Hundreds of would-be homeowners stepped forward in the final two months of last year to claim $15,000 down payment assistance grants from Wells Fargo & Co.'s CityLift program. With no...
Downtown apartment units add up, as do rents
They're back: Construction cranes. In downtown Chicago. Lots of them, a visible sign of the more than 2,600 luxury rental units that will be added to the apartment market this...