The Case-Shiller index shows a slight increase from June, but economists expect a looming glut of repossessed homes flooding the market to drag values down.
Economists said they expected weak growth in housing and a decline in home prices this year despite a report Tuesday indicating that home valuations crept up in July.
Is it better if I drop the listing price or offer buyer assistance? Either way, this is assuming I get the same amount of money at settlement.
Source: Seller concessions may help spark interest in a home
Municipalities continue to straggle in permit process for alternative energy systems
When Jerry Thompson wanted to put a row of solar panels on the roof of his family’s Mundelein ranch home last year, he thought it would take about three weeks to get a simple building permit from the Lake County Board. He was wrong.
Source: It’s not that easy going green
Nothing is more important to young parents than the health and welfare of their children. They put all the care, energy and enthusiasm they can muster into creating the ideal environment for their offspring, within their financial constraints, of course.
Source: Showcase features new house built as a model for modern families
Q. I am upside down on my home, which I purchased before getting married, and my spouse has not been added to the loan. Can I do the following: short sale and default on the balance without wrecking my spouse’s perfect credit or declare bankruptcy without wrecking my spouse’s credit?
Smaller homes are big. So big that new-home builders are constructing smaller footprints and in turn furniture manufacturers are scaling down their products.
Source: Buyers become more conservative in weighing the cost of a home
Parc Huron, a luxury apartment community at 469 W. Huron St. in Chicago’s River North neighborhood, has earned LEED Gold certification from the U.S. Green Building Council.
I have been wondering what we should have done differently. We closed on the house we were buying, but we didn’t take possession until three weeks later. The sellers needed the money from the sale before they could close on their new home.
Source: Written agreement necessary if seller stays temporarily
While the nation’s real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers.
I rent an apartment and my refrigerator recently stopped working. I called my landlord who came by and confirmed that it doesn’t work. The landlord told us that now we have to pay for the new one because it’s our fault!
Source: In most cases, landlord must replace broken refrigerator