News / Features

Refinancing: An Alternative Approach to Stimulus

Ideas abound for how to stimulate the housing market, and one idea that has acquired a number of supporters is a government-led refinancing

New Home Sales Consistent from June to July

New home sales remained consistent from June to July, dropping just 0.7 percent to 298,000, according to data released by the U.S. Census Bureau earlier

Jameson Sotheby’s International Realty Acquires Prairie Shore Properties

Jameson Sotheby’s International Realty bought two real estate offices of Prairie Shore Properties – one located in Chicago and the other in Evanston. Prairie Shore Properties will now operate under the Jameson Sotheby’s International Realty

NY Congressman Suggests New Round of Housing Stimulus

Democratic congressman Gary Ackerman of New York is suggesting a new round of housing stimulus, this time focused on first-time home buyers and potential

Delinquency Rates Up, But Foreclosures Down

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased in the second quarter of 2011, but loans under foreclosure decreased, according to the Mortgage Bankers Association’s National Delinquency

Housing Scorecard Mixed, But Shows Improvement

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the July edition of the Obama Administration’s Housing Scorecard, and, like most of the recent housing data, it shows a mixed

Should Homebuyers Choose 15- or 30-Year-Mortgages?

With rates at historic lows, potential home buyers now have a number of unexpected factors to consider when buying a house, namely the costs and benefits of 15-year and 30-year

New Apartment Buildings Fill Market

Four new luxury apartment complexes are for sale in Chicago, further indication of the current trend in Chicago real estate from home ownership to

Expansive Atrium Redevelopment Proposed

Chicago’s Atrium Village was created in the late ’70s as a social experiment, of sorts, one that consciously mixed economic and racial lines under the gaze of Cabrini-Green

Chicago Fed: Economic Growth Below Trend, but Up in July

The Chicago Federal Reserve Bank released its revised National Activity Index, a key measure of economic activity that showed that though the economy is still in a rut, growth did occur in

Illinois Home Sales Up Across the Board

New data from the Illinois Association of Realtors was released yesterday, showing that though the state continues to struggle with prices, sales have increased across the board from a year ago, an indication that even with problematic market forces,

NAR Data Shows Improving Numbers, but Tough Financing

The National Association of Realtors (NAR) released its July housing data yesterday, and though the data showed a marked improvement from July of 2010, it also showed a housing market that continues to continues to grapple with tougher

New Agents Bring Experience and Versatility to Dream Town Realty

Dream Town Realty, an online real estate company, has just announced the addition Patricia Pulido and Patrick Hawkins to their team, Realtors with unique experience and

Mortgage Rates Now at 50-Year Low

Freddie Mac released the results of its Primary Mortgage Market Survey today, which shows both fixed and adjustable mortgage rates are reaching all-time record lows, providing even further incentive for homeowners looking to

Class A Apartment Sales Indicative of Strong Market

Chicago-based Fifield Companies and its joint-venture partner, Pacific Life Insurance Co. of Newport Beach, Calif., have announced their two Class A luxury apartment complexes in Chicago’s West Loop  – Echelon and Alta at K Station – are available for

U.S. Investigating S&P Bond Rating Practices

According to a New York Times report published earlier today, the U.S. Justice Department is investigating Standard & Poor’s (S&P), the nation’s largest credit ratings agency, for its questionable ratings of risky mortgage-backed securities in the run-up to the

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