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URBAN LAND INSTITUTE: NEW ATTITUDE AMONG ALL HOMEOWNERS MIGHT REDUCE HOME MOVE-UP, OR SECOND-HOME PURCHASE! From Snowy Chicago , Good Evening, All! You must remember - it wasn't all that long ago - the seeming never-ending cycle of homeowner migration
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Good Afternoon! Despite recent declines in Homes For Sale Inventory , and moderation in Mortgage Interest Rates and Median Home Prices, Chicago is not out of the woods yet - likely, the Real Estate Market here will remain sluggish. Why? Unemployment ,
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Good Afternoon! Considering a Real Estate Professional to help you sell your home? Chances are, their Real Estate Fees are a bit higher than they used to be. Why? Many weaker, discounting agents have left the business in a tough economy. Homesellers seem
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Happy New Year! What is Federal Reserve Board Chairman Ben Bernanke's proposal to avoid another Financial and Housing Market Meltdown like the one we are still enduring? More Stringent Regulations, first and foremost, followed by monetary policy to
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Good Evening! Federal Economic Recovery Efforts - to stimulate lending, the U.S. Housing Market, and the Economy in general. Is it time to begin weaning ourselves off of them? The First Time and Repeat Homebuyers Income Tax Credit Program. Government
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Good Morning! There are a few Mortgage Insurance Companies - firms who insure mortgage loans with less than 20% down payment - who have relaxed their down payment requirements in some metro market across the U.S. In addition, one prominent national lender
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Good Morning! Latest Unemployment Figures from the U.S. Labor Department indicate fewer U.S. Workers are out of jobs. In November, the Average Unemployment Rate Nationwide fell to 10,0%, from 10.2% in October. Jobless rates in Chicago and across IL are
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Good Morning! New FHA Financing Rules for Condominiums might make it easier for many buyers with low down payments. These rules now increase the permitted number of FHA-Financed Condos within a qualifying complex , and allow units to sell before the building
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Good Morning! Despite the fact that Mortgage Interest Rates are near historic lows, applications for new home loans are falling - 11.7% seasonally adjusted during the first week in November, versus the prior week. At the same time, however, mortgage re-financing,
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Good Evening! Is "The Great Recession" in Housing Over? In many cities, including parts of Chicago , certain types of properties are showing a bit of a sales resurgence (although, in many parts of Chicago and the Chicago Suburbs, Condo Sales
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Good Evening! Aside from the sluggish Real Estate Market here in Chicago , there are signs that some sectors of the U.S. Economy are beginning to rebound. However, unemployment is still very high, despite inflation being low. Thankfully for homebuyers,
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Good Morning! Here in Chicago, and in surrounding Chicago Suburbs, home sales have increased for the third month in a row, for the month ending September 30, 2009. However, median sales prices are way down - over 22% from two years ago. And that number,
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Good Morning! Have you heard of those Credit Repair Companies , advertised on TV, radio, or on the Internet? Often times, they're not all they are cracked up to be! One red flag - those who GUARANTEE Fast Results , or those who require a large, up-front
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Good Morning! As mortgage delinquencies continue to rise, both here in Chicago and nationwide, giant U.S. Loan Investor and Guarantor Freddie Mac has plans to more strongly get the word out about the possibility of Loan Modification for many borrowers.
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Good Morning! In Chicago , foreclosures continue to rise - in middle-class, pastoral neighborhoods on the Northwest Side - Portage Park, Jefferson Park, Albany Park, and Dunning, as well as in the affluent in-town Chicago Neighborhoods of Lincoln Park,
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