The dream of the Greatest Generation was to retire to Florida, or some similarly warm and sunny climate, and celebrate a lifetime of wars won, jobs well done and children raised. That may be changing a bit.
By most measures, the U.S. housing market's rebound from its recessionary slump remains intact. Recent data continue to trend up, with CoreLogic reporting June 3 that its home price index rose by 10.5 percent in April from a year ago, although the gain was less than the 11.1…
Welcome Home Illinois is a limited initiative, with about $30 million reserved to fund the down payment assistance component of the program. Its goal is to assist about 3,000 buyers throughout the state, according to Cami Freeman, director of marketing and communications at IHDA.
Given a healthy U.S. and Chicago-area housing market, what's ahead for the spring selling season – the seasonal uptick in the market that begins around April each year?…
As property values continue to climb back, with some Chicago areas becoming a seller’s market, more owners are thinking about renovations with an eye to future unit sales.
For a prospective single-family or multifamily home buyer who has limited cash for a down payment or a relatively low credit score, a Federal Housing Administration (FHA) loan is an option for a fresh start, lenders say.
The Chicago market heated up significantly in the first nine months of 2013 compared with 2012, says one Chicago-based Realtor, but has cooled off a bit in the past couple months as potential buyers fret over the stalemate in Washington.
New guidance by the U.S. Department of Housing and Urban Development (HUD) put into place August 15 jumpstarts the process of returning to home ownership for prospective buyers who previously went through foreclosures, short sales or bankruptcies.
Although government-backed mortgage enterprises Fannie Mae and Freddie Mac backed roughly nine out of 10 mortgages last year, the drive to make them go away is gaining traction on Capitol Hill.