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• Alderman Wants Banks to Pay Transfer Tax

  The City of Chicago Finance Committee will hold a public hearing on Wednesday, July 28, at 9 a.m. to discuss Alderman Roberto Maldonado's proposal to add a referendum to the November ballot that would impose an additional transfer tax on banks and Read More... Posted Tuesday, July 27, 2010 4:06 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Home prices show stability after modest gain

  NEW YORK (CNNMoney.com) -- Home prices rose slightly in May compared with a month earlier, appearing to have stablized at the lower levels that followed the end of the residential real estate bubble, according to the S&P/Case-Shiller Home Price Index Read More... Posted Tuesday, July 27, 2010 11:58 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Americans still Buying Foreclosed Homes

  A recent report found that more than 25 percent of 2010 first-quarter residential property sales were comprised of foreclosures . RealtyTrac's U.S. Foreclosure Sales Report found that even though the number of foreclosed residences sold between January Read More... Posted Thursday, July 22, 2010 8:54 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Housing Market Holds Its Own: Life after the Tax Credit

  RISMEDIA, July 20, 2010—The tax credit brought a lot of buyers out last fall and again this spring, which gave a real shot in the arm to real estate. While that heightened volume cannot be sustained, home sales and prices still remain higher than Read More... Posted Tuesday, July 20, 2010 10:17 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Foreclosures fall 5%

  By Les Christie, staff writer July 15, 2010: 9:30 AM ET NEW YORK (CNNMoney.com) -- The foreclosure plague seems to have reached its peak and started to fade, but the recovery is still fragile. The number of foreclosure filings of all types -- including Read More... Posted Friday, July 16, 2010 9:53 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Does the Housing Market Need a Pep Rally?

  By James R. Hagerty When he was mayor of New York, Ed Koch was famous for asking anyone he met, “How am I doing?” Perhaps not wishing to hear the answer to that question, the Obama administration’s top housing and mortgage officials Read More... Posted Thursday, July 15, 2010 7:21 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Office Vacancies Rise

  Research firm Reis Inc. reports the highest vacancy rate since 1993, with Las Vegas, Phoenix, and Detroit being the hardest-hit markets. Read more > Read More... Posted Friday, July 09, 2010 2:17 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• 10 Most Recession-Proof U.S. Cities

  See which cities the Brookings Institute's Metropolitan Policy Program highlighted for keeping their labor and housing markets stable. Read more > Read More... Posted Tuesday, July 06, 2010 9:55 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Tax Credit Extension Passes; Senate OKs Flood Bill

  Last-minute action in Congress addresses concerns that home buyers and sellers were being hurt through no fault of their own. Read more > Read More... Posted Tuesday, July 06, 2010 9:55 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Mortgage Bonds Boom Drives Rates Down

  Average rates on conventional home loans have fallen as capital flows back into residential mortgage bonds. Read more > Read More... Posted Tuesday, July 06, 2010 9:54 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Pending Home Sales Drop as Expected

  Extension of the tax credit closing deadline and renewal of flood insurance will help move transactions forward that were stalled. Read more > Read More... Posted Tuesday, July 06, 2010 9:54 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Renting Can Be a Good Option for Sellers

  If home owners have been unsuccessful for more than a year at selling their property, they may want to consider renting it out. Read more > Read More... Posted Tuesday, July 06, 2010 9:53 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Banks: We're Hiring

  Banks are staffing up on loan originators to handle the predicted increase in mortgage lending over the next two years. Read more > Read More... Posted Tuesday, July 06, 2010 9:52 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Jobs Key to Housing Recovery

  A new Harvard study says low mortgage rates coupled with employment growth will improve the housing market. Read more > Read More... Posted Monday, June 21, 2010 3:08 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Is a Housing Shortage Coming?

  Economists are concerned that when the job market rebounds, the demand for housing will be greater than the supply. Read more > Read More... Posted Monday, June 21, 2010 3:06 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments