Today's Headlines

A widely circulated email asserts that a new bill will cost you thousands when you sell your home. The email is way, way, wrong, according to reputable sources. E-mail hoaxes are wrong about real estate taxes September 2, 2010 BY KAY SEVERINSEN - SearchChicago-Homes Editor At least once a month, I get an e-mail predicting the ruination of civilization due to some event, law, Obama proposal

As bleak as Chicago’s new-construction condominium market looks, there are a few rays of sunshine filtering through the gloom, real estate analysts say. “With 406 net new-construction condo sales in the first two quarters, 2010 is still tracking to be a stronger year than 2009 when developers marketed a total of 572 units for the whole year,” said Gail Lissner, vice president of Appraisal Researc

NEW YORK (AP) — Mortgage applications rose 2.7% last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments. The Mortgage Bankers Association said Wednesday the increase was led by a 2.8% rise in refinance applications. The number of loans taken out to purchase a home rose 1.8%. The numbers are adjusted for seasonal factors. Refinancing is