U.S. homeownership rate falls again
The nation's homeownership rate fell to 66 percent at the end of 2011, down from 66.5 percent in 2010, the Census Bureau reported Tuesday. Homeownership levels have been decreasing since...
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Survey reveals a shift homebuyer patterns
New data on who took the plunge and purchased a home last year shows that declining prices and mortgage interest rates made homeownership attainable for some Chicagoans who couldn't get...
Survey reveals a shift homebuyer patterns
New data on who took the plunge and purchased a home last year shows that declining prices and mortgage interest rates made homeownership attainable for some Chicagoans who couldn't get...
BofA, Chase could lose millions from poor HAMP performance
JPMorgan Chase and Bank of America are at risk of losing $131 million in incentive payments due them if their work with delinquent homeowners does not improve. Since last spring,...
Fund for hardest-hit Illinois homeowners distributes $4.5M in 4Q
Almost as many Illinois homeowners are being denied hardest-hit funds as are receiving them, but the program nevertheless distributed almost $4.5 million in last year's fourth quarter. The $345 million...
Fund for hardest-hit Illinois homeowners distributes $4.5M in 4Q
Almost as many Illinois homeowners are being denied hardest-hit funds as are receiving them, but the program nevertheless distributed almost $4.5 million in last year's fourth quarter. The $345 million...
In the year of the landlord, some training beneficial
Five years after the housing market's downfall, the number of tenants is on the rise. So is the number of landlords, and both groups often enter into these arrangements with...
In the year of the landlord, some training beneficial
Five years after the housing market's downfall, the number of tenants is on the rise. So is the number of landlords, and both groups often enter into these arrangements with...
Condo buildings lacking FHA certification add hurdle for buyers and sellers
Buying a condominium is getting trickier for anyone who wants to put down only 3.5 percent and have the government insure their mortgage. The issue isn't just the borrower's financial...
2011 Chicago-area home sales up slightly, but real estate agents guarded
Sales of existing homes in the Chicago area ended the year in the black, but barely, and real estate agents hope the increased momentum they saw last month carries into...