Monthly Archives: 2010年May

The Supply Of New Homes For Sale Just Dropped Off A Cliff

The supply of newly-built homes for sales plummeted in April, a positive indicator for the Chicago housing market as we head into the summer months. It’s no wonder that homebuilders are ......

Should You Refinance Your Mortgage?

Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years.  For homeowners that missed the R......

The sailboats are heading out to Lake Michigan. Summer can’t be far behind. #Chicago

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Home Price Index Rises 0.3% in March 2010

Home values rose in March, according to the Federal Home Finance Agency’s most recent Home Price Index. Values were reported higher by 0.3 percent, on average, from February. We use the ......

Home Supplies Tick Higher, Creating An Opening For Today’s Home Buyers

Sales of existing homes rose in April, buoyed by an expiring home buyer tax credit and exceptionally low mortgage rates. As compared to March, April’s Existing Home Sales rose by 410,000......

What’s Ahead For Mortgage Rates This Week : May 24, 2010

Another week, same old story.  Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained ......

Home Opportunity Index Ranks 225 Metro Areas For Affordability

With home prices still relatively low and mortgage rates trolling near their all-time best levels, it’s no surprise that home affordability is extraordinarily high in Chicago and most U......

The Fed’s April Minutes Push Mortgage Rates Even Lower

After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes. It’s good news for home buyers ......

Housing Starts Rise In April, Exerting Downward Pressure On Home Prices

Single-family Housing Starts rose by 55,000 last month, suggesting ample housing stock from which Chicago can choose this summer. The report is a slightly larger read than what economists had......

The Right Way To Take A Cash Gift For Downpayment

As lenders tighten mortgage guidelines for Chicago home buyers, minimum downpayment requirements are increasing.  Several years ago, you could finance a home with nothing down. Today, mos......

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