Sales of single family homes were up in Oak Brook during the third quarter. According to recent data from the Chicago Association of Realtors, a total of 20 homes were sold during the third quarter, up 25 percent from the same period last year.
However, the number of homes sold during the third quarter was the […]
Archive for December, 2007
Neighborhoods fight overcrowding
Published December 29th, 2007 in Neighborhoods, Real Estate and Uncategorized.Neighborhoods around the Chicago region are fighting back against overcrowding. Bensenville officials recently pressed charges against a homeowner who had 14 people living in a home with no heat and raw sewage on the floor.
The home had been rented to a woman who in turn rented the property. The property was divided by […]
The real estate market in Bellwood is feeling the effects of a downturn in sales around the Chicago region.
According to data from the Chicago Association of Realtors, a total of 40 homes were sold during the third quarter, a 33 percent drop from the same period last year and the lowest total for the quarter […]
Despite several drops in interest rates by the Fed, mortgage rates moved up during the week ending December 20, 2007. Freddie Mac released the results of the Primary Mortgage Market Survey, which measures average rates on a 30-year fixed-rate mortgage across the country.
The average interest rate for this type of mortgage was 6.14 percent nationwide, […]
Homeowners across the Chicago region can breathe a sigh of relief as Congress has finally taken some action to confront the growing housing crisis hitting major markets around the country.
Congress passed two bills on December 14th in an effort to help struggling homeowners and revive a market hit by a decline in sales not seen […]