The Great Recession misled millennials: It made them think high home prices will eventually come down

History often repeats itself — but when it comes to the current housing market, don't hold your breath. If you were a homebuyer in the mid-2000s, today's hot market might look eerily familiar. Like many of your fellow Americans, you might be wondering when this housing cycle will come to a close and bring prices back down to earth. It won't be that simple this time around. That's because the US...

Where to Buy Now: City

NOTES: Median sale prices are for 2021. For Chicago neighborhoods, the data is for townhouses and condos in the encompassing community area. SOURCE: Midwest Real Estate Data $372,000 (sold), 6438 S. Woodlawn Ave., 3 bedrooms, 1,750 sq. ft.Photograph: Vis Home South Side WOODLAWN Median sale price: $235,500 Five-year change: 188% Bordered by Washington Park and the Midway Plaisance to the north...

2021 Real Estate Trends

2021 Real Estate Trends Real estate trends are always in flux. Here's what you need to know about the latest happenings. The housing market has been gaining strength in the last few years -- particularly during the COVID-19 pandemic. Home values soared, buyer demand jumped, and mortgage rates hit historic lows. And ultimately, it’s made housing one of the few bright spots during an otherwise...

How to invest in real estate

You can purchase buildings or land, or invest in REITs and crowdfunding platforms. There are several types of real estate investments, but most fall into two categories: Physical real estate investments like land, residential properties and commercial properties, and other modes of investing that don’t require owning physical property, such as REITs and crowdfunding platforms. Investing in...

Last Dance: The Housing History of the ’97-’98 Chicago Bulls

At a time with no live sporting events to speak of, sports fans have slaked their collective thirst with a documentary series. Which sounds strange, but so is life in 2020. ESPN's "The Last Dance" chronicles the story of the 1997-98 Chicago Bulls, a championship team on the precipice of splitting up while attempting to capture one last NBA title. Ratings for the first two episodes of the 10-part show...

10 Questions to Ask a Mortgage Lender: Do You Know Them All?

What are the best questions to ask a mortgage lender before you lock in a home loan? If you want to find the very best mortgage for your needs, it pays to not automatically go with the very first lender you see. “You need to shop around to make sure you’re getting the best interest rate and loan terms,” says Peggy Yee, supervising broker at Frankly Realtors, in Vienna, VA, who recommends that home...

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