News

Chicago Home Prices Rising, Homes Selling at Fastest Pace in Two Years

Chicago home prices rose 6.1 percent in May, inventory was at its highest level in more than two years and sales rose nearly 11 percent from the same time last year. After a run of double-digit price growth, appreciation slowed as more[...]
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Home Sales Hit High Speed as Price Growth Taps Brakes

Sales Growth Slows as New Listings Drop by 1.8 PercentBoston Homes Sold Twice as Fast in May than in AprilSan Francisco Home Prices Soar 25% From Last YearHomes sold at their fastest pace in nearly two years, with the typical property on the[...]
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The Week in Housing News

The Week in Housing News

Last week, Federal Reserve Chair Janet Yellen used the word “gradual” seven times in a single hour. That’s secret Fedspeak signalling that interest rates probably will rise… gradually. Meanwhile, houses are selling record[...]
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This Millennial Still Won’t Buy a House, and Homeownership Rates are Falling

This Millennial Still Won’t Buy a House, and Homeownership Rates are Falling

The rate of homeownership in the U.S. has been falling since 2005. Homeownership in the first quarter of the year fell to its lowest level since 1989, to 63.8 percent, the Census Bureau reported. The last time the ownership rate was this[...]
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Got $157.3 Billion? Mortgage Bailouts Might Not Be Over

Got $157.3 Billion? Mortgage Bailouts Might Not Be Over

The profits keep coming at Fannie Mae and Freddie Mac, the government-backed companies that work their financial magic so folks like us can get 30-year, fixed-rate mortgages. This week, Freddie said it made $524 million in the first three[...]
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