The Fed cut a key interest rate for the second time in just a few days. After dropping the interest rate by three-quarters of a percent on January 22, the Fed cut rates by half a point on Wednesday.
The Fed moved last week after markets around the world crashed on a trading day that was […]
Archive for January, 2008
Sales of single-family homes continued to spiral down in Barrington, amidst problems in the mortgage market and high prices that have left many people out of the market.
According to data from the Chicago Association of Realtors, a total of just 114 homes were sold around Barrington during the third quarter, down from 127 units sold […]
Foreclosures jump 29 percent in Chicago region
Published January 29th, 2008 in News and Real Estate.As homeowners face higher interest rates and rising mortgage payments, many are losing their homes to foreclosures. Foreclosures around the country were up 75 percent during 2007. However, the Chicago real estate market fared somewhat better according to data from RealtyTrac.
A total of 73,334 foreclosures were announced during 2007 in the Chicago region. This is […]
Sales of single-family homes remained steady during the third quarter in North Center. According to data from the Chicago Association of Realtors, a total of 58 units were sold during the period, unchanged from the previous year.
Homeowners looking to sell their home will have to wait a bit longer. The average turnover time during the […]
Sales of single-family homes suffered a sharp decline during December, according to a recent report from the Illinois Association of Realtors. A total of 5,033 single-family homes were sold in the Chicago region during the month, down from 7,530 units sold during December 2006.
Sales of single-family homes across Illinois also suffered during the month. A […]