Chicago home prices rose 6.1 percent in May, to $285,000, a slowdown from rapid appreciation earlier in the year. Inventory was at its highest level in more than two years, which is giving buyers more leverage, but homes are selling at the fastest pace in almost two years.
Chicago Home Prices Rising, Homes Selling at Fastest Pace in Two Years Read More »
Talk about mixed signals. Most Americans believe buying a home is a good investment, but a majority also think we’re still in the midst of a crisis, the MacArthur Foundation reports. The group’s annual survey found that 41 percent think we’re still in crisis mode and 20 percent think the worst is yet to come. Yet 56 percent of Americans think buying a home is an excellent long-term investment and one of the best ways to build wealth.
Homeownership? Most Americans Still Say Count Me In Read More »
So far, 2015 is shaping up to be a good year for job hunters. In fact, the labor market hasn’t been this strong since the first half of 2006, when the housing market was soaring. But new jobs aren’t enough to give a lift to housing. Stable employment and increasing wages matter most over the long term.
Will a burst of job creation lift housing? Read More »
Washington, D.C., home values rose 5% in April from a year ago as limited inventory and continuing competition pushed more buyers to pay above asking price.
More Properties Command Above List Price in Washington D.C. Read More »
Chicago home prices notched their fourth-straight month of double-digit growth in April, with the median sale price rising 10 percent from a year ago. The number of properties sold fell 4.8 percent, and the city’s median sale price reached $275,000 as the spring selling season got into full swing. On average, homes fetched 96.6 percent of their asking price, the highest sale-to-list ratio since last July.
Chicago Property Values Post Double-Digit Growth Read More »
Want to cut thousands of dollars and years off your mortgage? All it takes are a few simple steps! But here’s a word of advice—don’t pay someone to do it for you, and do your homework first. Sometimes those savings aren’t what they’re cracked up to be.
Bi-Weekly Mortgages: Not Always a Scam, But Not Always a Good Idea, Either Read More »
