News / Features

CBO Optimistic in New Report

The Congressional Budget office (CBO) has updated its Aug 2011 “Budget and Economic Outlook” report, and it’s filled to the brim with positive predictions on the future of

Cook County Crusades to Distribute Foreclosure Funds

The Cook County Clerk of the Circuit Court is joining forces with local and state agencies to form a special task force to properly distribute the county’s $16 million in foreclosure surplus

New Short Sales Data Varied in Findings

Pre-foreclosure sales rose 19 percent in the second quarter, but were 12 percent lower than 2010 totals, according to the Q2 2011 U.S. Foreclosure Sales Report from

White House Considering Housing Aid Program

The White House has confirmed that it is actively pursuing potential remedies for housing, with plans involving refinancing and/or property conversion getting particular

Foreclosures Drop Dramatically in Seven-County Area

Residential foreclosure activity in the seven-county Chicago area dropped dramatically from June to July, and the decline was even more pronounced when compared with a year

The Debate Over Home Appraisals

Contention surrounds the numerous factors behind a home appraisal, but two issues in particular generate controversy: one, how foreclosed property values are factored in to an appraisal; and two, how green features are counted in the valuing of a

Joe Stacy Named Branch Manager of Koenig & Strey in Schaumburg

Realtor Joe Stacy, of Koenig & Strey Real Living, has recently been named branch manager of the Schaumburg

NAR Calls on Washington For Housing Summit

The National Association of Realtors (NAR) is urging the White House to host a housing summit composed of policy makers, industry leaders and government stake holders with the intention of revitalizing the U.S. housing

Foursquare Seminar for Agents

Agents looking to learn more ways to increase their outreach through social media, look no further. Coldwell Banker Residential Brokerage is providing a seminar on the app

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

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