Chicago Illinois Real Estate Blog

Forclosure in October ,Nationally, were 25% higher in 2008 than in October 2007.
More than 279,500 U.S. homes received at least one foreclosure-related notice in October, an increase of 5 percent over September. One in every 452 housing units received a foreclosure filing, such as a default notice, auction sale notice or bank repossession.
In Illinois, 12,681 [...]

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Slow real estate market? Not if you’re talking about how homes deals are struck with changes fast and furious.
Here’s what to expect in summer 2008:
•Certain loans will require a second look in Cook County.
 
No one would take a loan they soon would not be able to afford unless they didn’t know what they were getting [...]

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Weekly mortgage applications in the United States fell further in the week ending June 6, according to data from the Mortgage Bankers’ Association (MBA) on Wednesday, which reported that applications increased by 10.6% week-over-week.
In the previous week, applications fell by 15.3%.
The portion of fixed-rate mortgages increased 8.9% following the previous week’s 14.8% decline, while those [...]

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Have you ever wondered what the home across the street sold for? Well, now you can find out. IllinoisRealEstate.com now offers recent home sales data. It may take a few weeks for the property to be inputted into the system, but this is a great resource for someone that’s interested in knowing what homes in [...]

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