Archive for HUD

New FHA Program Puts Ex-Home Owners Back on Market Sooner

There’s exciting news for Chicago homeowners who lost their homes during the economic recession and have been building their finances back up again. The FHA’s new Back to Work Program is allowing buyers who would normally have had to wait 36 months or longer to secure a government loan to qualify for financial assistance in [Read More]

April 13, 2014 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Economy, Education, Featured, Homebuying Tips, Mortgages

New Single Family Home Sales Rise in March

In even more good news for the Chicago real estate recovery, new single family home sales rose 1.5 percent to a seasonally adjusted annual rate of 417,000 units in March, according to recent data from HUD and the U.S. Census Bureau. “This is the second-best sales number we’ve seen since early 2010, and a good [Read More]

May 11, 2013 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, Economy, Economy AOI, Featured, Single Family Homes

Housing Starts Soaring Thanks to Apartment Demand

Nationwide housing starts surpassed the million unit mark for the first time since 2008 last month thanks to rocketing production of multifamily apartments. This is according to recently released figures from HUD and the U.S. Census Bureau showing that total starts activity rose 7.0 percent for the month due entirely to a 31.1 percent increase [Read More]

May 07, 2013 | Author: admin | Comments: (0) | Categories: Apartments, Chicago Real Estate News, Condos, Economy, Economy AOI

National Housing Production Continues Upward Trend, Midwest Sees Most Growth

Recently-released HUD and U.S. Census Bureau figures show that nationwide housing production increased .8 percent to 917, 000 units in February; demonstrating gains in both the single-family and multifamily sectors, with single-family housing starts growing at their fastest pace since June 2008. The spring buying season is underway and demand for new homes and apartments [Read More]

April 01, 2013 | Author: admin | Comments: (0) | Categories: Economy, Economy AOI

New Home Sales Surge in January

HUD and the U.S. Census bureau recently announced that nationally, new home sales in January rose by 15.6 percent. This equates to a seasonally adjusted annual rate of 437,000, the highest sales pace since July of 2008. New home sales posted solid gains across every region of the country in January.  The increases were as [Read More]

February 27, 2013 | Author: Kevin B. Morrow | Comments: (0) | Categories: Chicago Real Estate News, Economy, Economy AOI

HUD Auctioning Delinquent Chicago Mortgages

Chicago is one of five cities in which pools of homes with non- performing, federally insured home loans will be sold at auction next month, as the federal government tries to decrease losses from escalating foreclosures. In total, $1.7 billion in US. Department of Housing and Urban Development loans (9,442 loans with an average balance [Read More]

August 23, 2012 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, Economy, Mortgages

More Families Without Homes Than Ever Before

Illinois’ foreclosure rate might be on the rise, but our rate of homelessness has posted a decline. Sort of. The U.S. Department of Housing and Urban Development released a report this week for Congress that measured homelessness from 2007 to 2010 throughout the country. That report shows that the number of homeless people in Illinois [Read More]

June 15, 2011 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy
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