Ever Wonder How Foreclosure Impacts Your Credit Score?
April 22, 2010 at 5:57 am | Posted in 1 | Leave a CommentCNNMoney has a great article about the extent late mortgage payments, bankruptcy, and foreclosure impact your credit score.
Despite the problems a poor credit score can cause, Experian’s Sweet recommends that people who are in financial dead ends, like totally unaffordable mortgages, it’s better to recognize that and cut your losses quickly; don’t prolong the problem.
“You need to do what you need to do to get your finances back in order,” she said. “Don’t worry about your credit score.”
Whatever your situation, consult your accountant, lender, attorney, and anyone else who can help you make the right decisions for your financial future.
Chicago home prices fall in October (via Crains)
December 30, 2009 at 12:05 pm | Posted in Chicago News, Real Estate, Real Estate Jargon, Real Estate News | Leave a CommentTags: Chicago, Real Estate
According to this recent Chicago Crain’s article…
“Local prices fell 1 percent in October compared with September, the first drop after five straight monthly increases, according to seasonally adjusted data from the Standard & Poor’s/Case-Shiller home price indices.”
“Home prices in the Chicago area were down 10.1 percent in October compared with October 2008.”
Come on first time buyers and qualified repeat buyers: take advantage of the tax credit! Many say, however, the housing market and the economy can’t rebound by themselves — we need companies to start hiring.
Reader Questions about Saving Energy (via Chicago Tribune)
December 19, 2009 at 2:25 pm | Posted in Chicago News, Going Green, Living | 1 CommentTags: Chicago Tribune, Cold, Green, Saving Energy
It’s getting cold outside, Chicago! What does your drafty apartment mean for your energy bill? What can you do to fix it and save energy (and money)?
Check out these reader questions and answers from the Chicago Tribune about basic energy-saving techniques.
Some good news? “Worst appears over for suburban apartments”
December 9, 2009 at 10:39 am | Posted in Real Estate, Real Estate News | Leave a CommentTags: Housing, Real Estate, rental market, unemployment
Crain’s Chicago Business reported a few days ago that the suburban rental market is, more than likely, bottoming out. Although rental rates are far below last year, they’ve inched up in the third quarter, showing signs of hope.
But before we get ahead of ourselves, it won’t be bouncing back until local companies begin hiring again, which isn’t expected to be happening any time soon, according to the Crain’s article.
Until jobs start popping up, potential renters are choosing to live with friends or family, and doing anything to save some money. C’mon jobs! Without them, there won’t be a stable housing or renting market. Hopefully a turn around is closer than we expect.
In fact, the unemployment rate fell to 10% last month, from 10.2%, losing fewer jobs than economists expected. So, a turn around could be close, at least let’s hope so.
Blog at WordPress.com. | Theme: Pool by Borja Fernandez.
Entries and comments feeds.
