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Articles tagged with: Housing

Written By: Charlie Mead on June 4, 2010 No Comment
Redwood ready to pounce on dubious market

As “mortgage-backed security” became a dirty word, security underwriters backed off the playing field. But toward the end of April, California-based Redwood Trust Inc. became the first to tag back in.

Written By: Charlie Mead on May 19, 2010 No Comment
Illinois foreclosure rates exceed national norm

Photo courtesy Truthout.org

While the rate of Illinois homeowners behind on their mortgage payments fell this year, the share of those borrowers beginning the foreclosure process spiked to 5.85 percent – over a full point above the record-high national rate.

Written By: meganmollmann on July 30, 2009 No Comment
Housing is still hemorrhaging, Chicago’s foreclosure rate jumps 30 percent in first half

BY MEGAN MOLLMANN – MEDILL NEWS SERVICE

Although there was good news this week that housing prices are on the rebound, the aftershocks of the housing bubble are still being felt.

Chicago’s foreclosure rate shot up 30.3 percent in the first half of 2009 compared with January through June of 2008, according to a [...]

Written By: kateshellnutt on June 2, 2009 No Comment
Five moving season tips for everyone

(Kate Shellnutt/MEDILL)

BY KATE SHELLNUTT – MEDILL NEWS SERVICE

You didn’t have to look at your calendar yesterday to realize it was June 1—the start of moving season, when leases expire and Chicagoans move in and out—you could have just looked out your window.

U-Haul vans and moving trucks, back [...]

Written By: kateshellnutt on May 20, 2009 No Comment

BY KATE SHELLNUTT – MEDILL NEWS SERVICE

Real estate agents can find themselves in scary situations; for example, all alone in an empty house.

So companies, like @properties in Chicago, and industry groups across the country are doing more to emphasize safety and self-defense.

Agents are often working on their own and [...]

Written By: kateshellnutt on April 28, 2009 One Comment
Treasury’s loan incentives too weak to revive borrowers, experts say

BY KATE SHELLNUTT – MEDILL NEWS SERVICE

The Treasury announced new incentives Tuesday for lenders to modify second mortgages in an effort by the Obama administration to further help troubled borrowers. Mortgage experts say the plan’s expansion, which taps into a $50 billion rescue fund, may not be enough to help the [...]

Written By: kateshellnutt on April 27, 2009 No Comment
At start of deck season, Chicagoans spend on maintenance, remodels

As spring begins, companies that treat and build decks are seeing steady business in Chicago, as city-dwellers begin to spend more time on their decks. Kate Shellnutt/MEDILL

BY KATE SHELLNUTT – MEDILL NEWS SERVICE

After a freezing winter in Chicago, locals are eager to enjoy their outdoor living spaces, and they’re willing [...]

Written By: kateshellnutt on April 15, 2009 No Comment
Spring sublets have sprung: 5 expert tips for temporary rentals

 

Tenants across Chicago are subletting their units, like one in this Near North apartment building. (SUBLET.COM)

BY KATE SHELLNUTT – MEDILL NEWS SERVICE

Spring is the peak time for sublet-searching, and with the current economy, more renters are feeling the pinch of that monthly check and offering up rooms in their city digs.

Available [...]

Written By: kateshellnutt on April 2, 2009 No Comment
The math of moving: Calculators to help make real estate decisions during recession

 

Online calculators and quizzes, like this one at frontdoor.com, may offer assistance to overwhelmed buyers.

BY KATE SHELLNUTT – MEDILL NEWS SERVICE

Across the country, home prices are continuing their freefall (here in Chicago, they dropped 16 percent in 2008, according to the latest Case-Shiller Index report) and unsold properties remain [...]

Written By: CTPou on March 8, 2009 No Comment
Tackling foreclosure with a religious approach

 

Tris Reid, Author of Options After Foreclosure

 

CLAUDIA-TERESA POU – MEDILL NEWS SERVICE

It has been reported by CNN and other news outlets that as more and more Americans lose their jobs, some churches have seen an influx of people turning to faith as a means of coping.  The churches’ message to followers [...]

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