Americans are increasingly choosing riskier home loans offering lower rates. Recent data points to a trend of navigating an unaffordable housing market. Adjustable-rate mortgages (ARMs) comprised 8% of borrowers last week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 28. This marks the highest level in five weeks, […]
Located at 363 E. Wacker Drive, No. 2708, in Chicago, this luxurious three-bedroom residence is on the market for $2,535,000. The property features two full bathrooms, one half bathroom, and a den. Highlighting the home’s design are floor-to-ceiling windows that offer expansive northeast views of the Chicago River and city skyline. The kitchen is equipped […]
Homeownership can often be financially demanding. Costs for maintenance, taxes, and insurance add up, especially with high interest rates for borrowers. However, borrowing against home equity offers a potential solution. For those needing a substantial sum, home equity loans present an attractive option this September. Rising Home Equity Levels Home equity reached record highs in […]
As September 2026 arrives, potential homebuyers face an unfamiliar landscape where mortgage interest rates have climbed unexpectedly. Earlier predictions suggested a cooling of rates, spurred by the Federal Reserve’s decisions made last year to reduce interest rates. Contrary to these predictions, the rates rose again. As of September 1, the average rate on a 30-year […]
A developer has proposed to demolish the Northbrook shopping center near downtown to construct three condominium buildings. This proposal is now set to be reviewed by the Plan Commission following a decision by the Northbrook Village Board. This decision was made during their meeting on August 25, where the board opted to send the proposal […]
Former Chicago Bears safety Eddie Jackson, known for his tenure from 2017 to 2023, recently sold his French Provincial-style mansion. The property, located in Long Grove, features six bedrooms and spans 6,750 square feet. It was sold for $1.6 million in July, according to the Lake County Assessor.
The number of Americans behind on homeowners association (HOA) payments has increased considerably over the past three years. As fees climb steadily, the risk of losing properties rises. According to a study by property data platform Cotality, HOA liens—legal notices indicating homeowners owe money to their HOA—rose 41.7% from 2022 to 2025. Three years ago, […]
The intensifying trade conflict between the U.S. and Canada is likely to affect lumber and softwood imports, causing challenges for American homebuilders and buyers. Recent trade talks didn’t prevent new tariffs on $20 billion of Canadian exports, leading Canada to impose retaliatory tariffs up to 50%. This includes goods like hockey sticks, clothing, wines, dairy […]
New homes have reached their lowest price point since the pandemic. Persistently low demand is compelling homebuilders to offer significant discounts to entice cautious buyers. Last month, the median sales price for a new home dipped to $393,800. This marks a 2.3% decline from June, when prices stood at $403,100. Compared to a year earlier, […]
America’s housing crisis has been a subject of debate and concern due to an insufficient supply of homes. Recently, inflation has been identified as a significant factor impacting this crisis. There is some evidence supporting the idea that inflation plays a role. Home prices have stayed high despite changing market conditions. Mortgage rates have increased […]