In January, short sales outpaced foreclosures for the first time. If you’re one of the 11 million homeowners with underwater mortgages, you have two main options: Go into foreclosure or ask your lender to agree to a short sale.
For the first time in the U.S. since the 1980s, it’s cheaper to buy a home than it is to rent. You’d think that would be cause enough for bargain hunters to buy up cheap, undervalued properties, but many would-be homeowners are still hesitating.
With home prices in the Chicago area down 6.9 percent from a year ago, we know a lot of folks have real-estate-related questions. Dennis Rodkin, who writes the Deal Estate column and blog for Chicago magazine, has answers, or at least he can try. If you have questions about economic trends, housing policy, selling your home or more, call Eight Forty-Eight's 24-hour hotline at 855.848.5551. He'll get to as many of your questions as he can on Monday's show.
Frank Lloyd Wright certainly left his mark on architecture. He also had something of a reputation for being inflexible on matters of design. But there’s at least one house where he let the client define the process.
A lot can change over a decade; and not all of it necessarily good. When Dennis Rodkin wrote "The New Rules of Real Estate" for Chicago magazine back in 2000, the housing market was a hotbed of activity--but no longer.