Amortization, the word, stems from the Latin "mort," meaning death. In real estate speak, it literally means to "kill a loan" over a defined period of...
Illinois State Rep. David McSweeney (R-Barrington Hills) says he thinks property taxes should freeze all across Illinois in an op-ed in the Chicago Tr...
If you are having difficulty making your mortgage payments or possibly facing foreclosure on your home, you're not alone. And unfortunately, there are some opportunists who know it and may try to take advantage of you.
For victims of domestic and sexual violence in the District, the most extreme consequence of a lack of affordable housing is actually homicide. And that outcome is becoming more and more likely in a city where safe housing options are dwindling while the need among victims is surging.
Once again those families and communities that have long been and continue to be subject to discriminatory (and often predatory) behavior, pay a high price. But so do many who have not traditionally been victimized by these practices.
America loves an underdog, a scrappy competitor who manages to beat the odds. By staying so low for so long, interest rates have not only beaten the odds in recent years, they've laughed right in their face. The question is, how long can interest rates keep doing it?
The American Dream of owning your own home is becoming more distant for many millennials. From 2006 to 2011, consumers between the ages of 25 and 34 experienced the largest decline in homeownership of any age group, according to Census Bureau data.
If, like me, you find that you must sell a beloved home, who better to turn to for advice than the Renaissance real estate mogul William Shakespeare, whose cornering of the 17th-century Stratford-upon-Avon housing market is as impressive to realty buffs as his genius as a wordsmith is to literary types.
Living without credit is possible. Is it advisable though? Is it accomplishable without frustrating limitations? Those are different questions.
I've bought and sold many homes over the last few decades, and whenever I put a house of my own up for sale, I prearrange for my pets to have a little holiday with friends and family.
Brasil winning the World Cup could be a small moment of reconciliation for the nation's struggle, potentially helping to heal the wounds of what is lost.
Photo credit: David Moss Photography, davidmossphoto.com Six years into the Housing First model in DC, it is obvious that the decision to embrace th...
Last month, the City of Detroit's Water and Sewerage Department began to shut off water service for around 3,000 customers a week, people who have fallen behind on payments by more than $150 or 60 days.
Keep in mind, Fannie Mae and Freddie Mac already purchase 97% LTV mortgages from state housing finance agencies throughout America. Why not reinstate this policy to help restore sustainable homeownership for responsible everyday borrowers while also helping to jumpstart America's economy?
A strong personal economy has, historically, been built on traditional pillars: Make smart investments, manage expenditures, and build sound credit history. But in today's increasingly interconnected world, that alone won't cut it.
This week I was sent an article from Equifax, a credit reporting agency, saying that according to the Federal Reserve, the total outstanding balance o...