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The Sun-Times took a look at the soaring single family home prices in the neighborhoods this week and wondered whether the middle class would be able to stay in Chicago and buy a home. From the Sun-Times: “It’s heartbreaking to an extent that even someone like myself is being priced out of the area as […more]
U.S. home prices rose the most on record in the second quarter as buyers battled for a scarcity of listings. The median price of an existing single-family home jumped 23% from a year earlier to an all-time high of $357,900, the National Association of Realtors said in a report Thursday. About 94% of 183 metropolitan […more]
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Here are two words that make any New Yorker’s ears perk up: “rent stabilized.” It’s every renter’s dream to score one of these coveted apartments, whose cost is guaranteed not to skyrocket when it comes time to renew. Especially if it’s in a great neighborhood! Our Rental of the Week is a perfect example. This […more]
After falling four of the past five weeks, mortgage rates reversed course and moved higher. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 2.87% with an average 0.7 point. (Points are fees paid to a lender equal to 1% of the loan amount. They are in addition […more]