Tag: national association of realtors

Even in today's dismal residential market, owning a home might be the smart financial move

It’s easy to forget that there actually are some nice things about owning a house. Ron Phipps This came up while I was interviewing Ron Phipps, the current president of the National Association of REALTORS. We spoke a lot about falling home values — the median sales price of a home, $156,100, fell to its... Read more »

The pessimists were right: Chicago needs those housing tax credits back

There were two sides fighting it out before April 30: One group said that the demise of the federal government’s housing tax credits — up to $8,000 for first-time home buyers and up to $6,500 for move-up buyers — would put a screeching halt on Chicago-area home sales. The second group said, no, the Chicago-area... Read more »