Federal Tax Credit

Positive News for this Month's Real Estate Market

The National Association of Home Builders (NAHB) is feeling good this month. NAHB released the results of its most recent housing market index (HMI), which tracks confidence throughout the real estate industry, and reported a four-point increase in April to 19, the highest level in seven months. The last time the HMI was at 19 …

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Refinance While Rates are Low

Have you refinanced your home lately? Now is the time. The U.S. Federal Reserve on Tuesday reaffirmed plans to stop a program that has helped keep mortgage rates down. The current 30-year fixed mortgage rate is just under 5%. Take advantage if you haven’t already. The Fed has been buying mortgage-backed securities, primarily from Fannie …

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Chicagoland Home Sales Increase in September

The Illinois Association of Realtors reported Friday that during the month of September, 6,862 homes were sold to the 6,477 homes sold in September 2008. This represents the third consecutive month that residential Chicagoland real estate recorded monthly increases.  Sales of existing homes and condominiums in the Chicago area rose 5.9 percent. Local counties recording …

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