Avatar

Suzanne Harrison

Most Recent

Chicago Property Values Post Double-Digit Growth

Chicago home prices notched their fourth-straight month of double-digit growth in April, with the median sale price rising 10 percent from a year ago. The number of properties sold fell 4.8 percent, and the city’s median sale price reached $275,000 as the spring selling season got into full swing. On average, homes fetched 96.6 percent of their asking price, the highest sale-to-list ratio since last July.

Got $157.3 Billion? Mortgage Bailouts Might Not Be Over

Profits are weakening, and Fannie Mae and Freddie Mac might be even more fiscally fragile today than they were in 2008. That means a ripple in the housing market could leave taxpayers on the hook for another bailout. For that we can blame Congress and the White House, which never got around to fixing the companies after the mortgage meltdown. That indifference could cost us as much as $157.3 billion for a second bailout if the economy goes really south.

Most Recent

Chicago Property Values Post Double-Digit Growth

Chicago home prices notched their fourth-straight month of double-digit growth in April, with the median sale price rising 10 percent from a year ago. The number of properties sold fell 4.8 percent, and the city’s median sale price reached $275,000 as the spring selling season got into full swing. On average, homes fetched 96.6 percent of their asking price, the highest sale-to-list ratio since last July.

Got $157.3 Billion? Mortgage Bailouts Might Not Be Over

Profits are weakening, and Fannie Mae and Freddie Mac might be even more fiscally fragile today than they were in 2008. That means a ripple in the housing market could leave taxpayers on the hook for another bailout. For that we can blame Congress and the White House, which never got around to fixing the companies after the mortgage meltdown. That indifference could cost us as much as $157.3 billion for a second bailout if the economy goes really south.

Scroll to Top