Sales of existing single-family homes in Illinois fell to 11,281 in November, down 17.6% from 13,691 a year earlier, according to the Illinois Association of Realtors.The statewide median sales price dipped 0.5% to $199,000 from $200,600 a year earlier, the association said. "The Illinois housing market did not experience a dramatic run-up in prices like other markets in the country over the past several years, and we continue to experience fairly stable price appreciation," said Robert Zoretich, president of the association. "Sales figures in November reflect a return to more normal market conditions compared to the boom years, as well as a seasonal slowdown as we begin the holiday months." In the Chicago metropolitan statistical area, resales totaled 7,580 in November, down 21.9% from 9,702 a year earlier, and the median sales price was $245,000, up 0.5%. The association can be found on the Web at http://www.illinoisrealtor.org.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25