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Look before slamming it into reverse
Reverse mortgages are held out as an excellent way for house-rich, cash-poor seniors to tap into their equity without having to sell and move. And they may well be a good choice for some people. But they are not the only option. A reverse loan is meant...Tags: Family, Money and Monetary Policy, Finance, Homes, Politics
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Dig into the old financing toolbox
If real estate finance is the art of the possible, what's possible for buyers and sellers worried about rising mortgage rates, bond market jitters and soft home prices? Interest rates of 6.75 percent and higher needn't be impediments. Talk to veteran...Tags: Real Estate Buyers, Freddie Mac, Real Estate, Chicago Mortgages, Bonds
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Make retirement purchases before leaving work
Dreaming of retiring and then sailing the world? You may want to try it the other way around. Big-ticket purchases at or early into retirement can crush even well-funded portfolios, experts say, particularly if they are accompanied by a period of poor...Tags: T. Rowe Price, Travel, Tickets, Condos and Houses, Vehicles
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Value, not price, key factor when looking to buy home
Today, buying a home may feel a lot like buying stocks: You'd prefer to wait until the market finally bottoms out. The only problem is getting the timing right. The price of existing single-family homes in 20 major metro areas has declined every month...Tags: Clubs and Associations, Real Estate Buyers, Real Estate, Real Estate Sellers, Networking
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Purchase price just the start
Separate from the monthly mortgage bill, would-be home buyers have to factor in numerous costs to determine their affordability comfort level, financial counselors say. Some of the considerations: Property taxes. "For real estate taxes in the Chicago...Tags: Real Estate Buyers, Television Industry, Real Estate Agents, Wheaton, Disasters and Accidents
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A warm reception
Tribune staff reporterTinsel and lights still gleamed on Christmas trees and New Year's Eve was only days away in 2006 when Richard Gustafson signed a contract to buy a condominium in Forest Park. If you venture out, like Gustafson, while everyone is at the shopping mall or...Tags: Real Estate Buyers, Multi-Sport Events, Gifts, New Year's Day, Condos and Houses
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Should you buy or should you hold off?
With humble apologies to William Shakespeare, the question in today's housing market is "To buy or not to buy?" There are several compelling reasons for anyone who needs a house or wants to upgrade his family's living arrangements to venture forth. At...Tags: Chicago Mortgages, Family, Harris Interactive Incorporated, Homes, William Shakespeare
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Turning point
TRIBUNE REPORTERFor those who believe that housing is going to stage a turnaround, the next month may be a last chance to get a home at a bargain price. That's because, if the early spring selling season gets off to a strong start, incentives and discounts may soon be a...Tags: Illinois, Schaumburg, Real Estate Buyers, Energy Saving, Federal Reserve
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Tax hike burdens buyers
Tribune reporterThe cost of Mario Greco's new home just went up by $7,000. That's his estimate of how much additional cash he'll have to bring to the closing table when his family's Northwest Side house is completed in November, now that Chicago aldermen have bumped...Tags: Real Estate Buyers, State Budgets, Real Estate, Family, Condos and Houses
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Budgeting, saving are keys to home ownership
Special to the TribuneBuying a home for the first time is a lot like bungee jumping, says Richard Cohen, author of "It's Not About Rate: The Right Way to Get a Mortgage." "It's scary and exciting at the same time" says Cohen, who has counseled hundreds of first-timers as a...Tags: Real Estate Buyers, Banking, Credit and Debt, Loans, Homes
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DEAL ESTATE
Free parking for one year! A free flat-screen plasma TV! Your choice of a free car or furnished condo! In the market for a new condo? You may be in luck. With the housing market in a serious slump, these are just a few of the freebies that anxious...Tags: Real Estate Buyers, Real Estate, Condos, House Building, Andrew Young
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Class open on foreclosures
Tribune staff reporterForeclosures class comes to order -- in the bustling public aisles of a records room in the Cook County Circuit Court clerk's office. Mary Richardson hands three rapt students their "textbook," a 35-page printout, and starts the day's lecture on how to...Tags: Real Estate Buyers, Real Estate, Real Estate Sellers, Donald Trump, Financial and Business Services
May 11, 2008
|Story| Chicago Tribune
Jul 1, 2007
|Story| Chicago Tribune
May 6, 2007
|Story| Chicago Tribune
Apr 13, 2008
|Story| Chicago Tribune
Nov 18, 2007
|Column| Chicago Tribune
Dec 7, 2007
|Story| Chicago Tribune
Feb 24, 2008
|Story| Chicago Tribune
Jan 18, 2008
|Story| Chicago Tribune
Feb 10, 2008
|Story| Chicago Tribune
Jun 22, 2007
|Story| Chicago Tribune
Sep 8, 2007
|Story| Chicago Tribune
Oct 5, 2007
|Story| Chicago Tribune
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