Posts tagged "real estate"

More on how banks are screwing up the housing market

Banking practices need a closer examination Since my column on Tuesday about how banks are screwing up the housing market, I’ve received some interesting responses with some possible explanations. Banks are holding onto to “under water” property despite reasonable offers from prospective buyers because banks can make money (what a surprise) by doing so. Here... Read more »

Good news: Existing home sales rise.

The National Association of Realtors reports that existing home sales nationally rose in March, compared with February. That includes the Chicago area, according to the Chicago Tribune.

5 reasons to sell your house now

Check them out: 1. Interests rates are low, but on the rise. 2. Your dream house will never be cheaper 3. Buyers are out early 4. Inventory increases every spring 5. We are in the eye of a foreclosure storm.
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Pending Home Sales Continue Recovery

The National Association of Realtors reports: Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®. The Pending Home Sales Index,* a forward-looking indicator, rose 3.5 percent to 92.2 based on contracts signed in November from a... Read more »

Mortgage rates edging lower after a steep, but short, climb

The Wall Street Journal reports: Home-mortgage rates eased in the latest week, falling slightly after several weeks that saw mostly sharp increases, according to Freddie Mac’s weekly survey of mortgage rates. Rates had slumped for months, setting record lows in the process, as yields on Treasurys slid amid economic uncertainty. But yields began to rise... Read more »

Home mortgage lenders becoming more optimistic

Commercial Mortgage Alert reports: Lenders are feeling better about their prospects than they have for years — but they’re not ready to break out the champagne just yet. or the first time since the market crash, positive signs abound. Commercial real estate prices seem to be stabilizing. Property sales are picking up. Interest rates remain... Read more »
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Banking's next gift: End of 30-year mortgages?

It’s complicated, but there are reasons that banks would want to end granting 30-year mortgages, a popular option for many home-buying Americans. You’ll have to read through this entire article to get the picture.

Real estate forecast for 2011

Better days are ahead. At least according to this observer. We’ll return to the days when buying a home was considered to less of an investment, but more a matter of securing a place where we can enjoy the richness of life. We’ll never return to the glory days of the pre-2006 housing bubble, but... Read more »

Two-thirds of Americans say now is a good time to buy a home

Is that possible? In this market?  Surprise. Despite dips in the number of people who think now is a good time to buy a home, 68 percent think now is the time. So, where are they? Here’s a view on this point from KCM Blog. 
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Big news; some home prices rising

Reports Crain’s Chicago Business: Home prices are rising again in some Chicago-area neighborhoods, in a sign that the local housing market is nearing the end of a devastating three-year slide. Single-family home prices rose in 56 of 253 Chicago-area ZIP codes last year, according to Fiserv Inc., which calculates the widely followed Case-Shiller Home Price Index.... Read more »
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    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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