Latest Housing Stats for Chicago Good News for Homeowners

It’s official. The housing recovery has reached the Midwest. The latest numbers from the S&P/Case-Shiller Home Price Index show that Chicago, in particular, is experiencing a sustained recovery in house values. Home prices in the Chicago metro area fell sharply during the housing bust, as they did in most major [...] Read more »

FHA will keep lending during shutdown

Applications for all government-backed mortgages will continue to be processed during a government shutdown, according to the U.S. Department of Housing and Urban Development. HUD originally said on Friday that it would stop working on applications for loans guaranteed by the Federal Housing Administration if the lights go out in [...] Read more »

Home sales ‘last hurrah’ for the next 12 months?

U.S. home sales in August rose to their highest level in six years, even higher than during the recent home buyer tax credit. This news came on the heels of the Federal Reserve’s announcement that it would continue to fuel the mortgage market, keeping rates from rising dramatically. Still, Realtors [...] Read more »

3 Key Trends For the Housing Recovery in 2013

The housing market has undergone yet another pronounced change in the last couple months, bringing about a whole new set of trends to follow.    It was early 2013, and it finally seemed, after a prolonged slumber, that housing was finally back. Though financing remained tight, interest rates were at [...] Read more »

Home improvement TV: The reality

Home improvement shows are a mixed blessing, says Kent Drinker of Timberlake Building & Renovations. Drinker speaks from experience. The Annapolis, Md.-based project and client relations manager had his brush with television when his company was featured on a recent episode of HGTV’s “Bang for Your Buck.” Although he hasn’t [...] Read more »