April 22nd, 2008 the Office of Federal Housing Enterprise Oversight (OFHEO) issued a news release saying U.S. monthly house price index estimates 0.6 percent price increase between January and February. The East North Central region which includes Illinois had a 1.6% price increase 2nd only to the New England region with 2.2%
It's A Buyer's Market, But Only If You Buy !!!
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Land contracts, otherwise known as articles of agreement, or installment contracts are going to make a major comeback.
Land contracts became popular during the Jimmy Carter presidency as a result of interest rates in the high teens.
Briefly, They operate as follows: the parties agree on a purchase price, the seller then agrees to an installment plan at a negotiated interest rate. There is a ballon..(read more)
Washington, DC- The rate of home appreciation in the U.S. remained steady in the fourth quarter of 2006, extending a general trend of deceleration begun earlier in the year. Home prices, based on repeat sales and refinancings, were 1.1 percent higher in the fourth quarter than they were in the third quarter of 2006. This is slightly above the revised growth estimate of 1.0 percent from the second..(read more)
While the stock market fluctuates , money market returns falter, and large corporations are showing record losses are paying CEOs millions of dollars to leave for doing a bad job, many Americans have discovered an innovative way to remove their stagnant retirement account investment money and place it where it can do some good. Many are concerned with building wealth..(read more)
