Like the national market, the Chicago real estate market is on an upturn, although it does seem that, with every bit of good news, there is always some bad news that follows it. But for now, Chicago new home buyers may have a reason to be optimistic. Lower Down Payments for Purchases are Coming Fannie…
Could Real Estate Market Get a Boost From…Drones?
There are many things to credit for the economy improving and real estate purchases trending upward. It may simply be the natural cycle of an economy. But it also may stem from improved technology, which, in the future, could include drones. Technology and Real Estate Sites such as Zillow.com, which recently purchased Trulia.com, allow buyers…
New Home Buyers Should Not Overlook the Home Inspection
So you picked out your dream home, arranged for financing for your loan, and fell in love with the neighborhood. Everything is good to go for the real estate closing of your dreams. All that lies in the way is that pesky home inspection. That is just a formality, right? Well, not quite. Why Get…
Chicago Commercial Loans Continue to Enter Default
The Chicago commercial real estate market is number one in the country–but not in any category to be proud of. Rather, Chicago is the number one metropolitan region in the county for defaulted commercial real estate loans. According to an article at chicagobusiness.com, Chicago’s four percent delinquency rate on commercial loans is twice the national…
Recovering Housing Market Creates Question Over Whether to Rent or Sell
When the housing market collapsed, many condominium owners were unable or unwilling to pay their mortgages. Many were unable to sell either due to lack of equity in their properties. As a result, many owners rented out their condominiums, and became new landlords in the process. The number of foreclosure-displaced homeowners looking to rent helped…