Posts tagged "housing market"

One-year moratorium on foreclosures called for in Cook County

With the number of foreclosure notices rising compared to last year, many community activists are asking Cook County elected officials for a solution–and fast. But will the proposed solution, a one-year moratorium on foreclosures and evictions, actually work? Community organizations such as the Chicago Anti-Eviction Campaign and Centro Autonomo of Albany Park last week demanded... Read more »

A new proposal for Chicago's vacant property woes

In 2011 alone, 6,274 homes in the city of Chicago went through the final stage of foreclosure and were auctioned off, according to data from Woodstock Institute. A vast majority, 94 percent, ended up in the hands of banks. Thousands are still sitting vacant. Many are in communities where the housing market is weak, to... Read more »

Dropping home prices don't make homes more affordable for newly hired

Dropping home prices don't make homes more affordable for newly hired
A couple of weeks ago, we asked the question: What kind of jobs are being added to the economy? If the economy’s not purging jobs like it has been in the last few years, are the jobs being created something you can afford to live on? For the most part, the answer was no. The... Read more »
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