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Want to Buy a Chicago-Area Home? Here’s the Salary You Need to Be Making

Between rising CTA fares and a new tax on Uber and Lyft rides, living in Chicago isn’t getting any cheaper. It shouldn’t come as a surprise that buying a home in the city isn’t exactly an affordable proposition for many—a new study by mortgage-tracking website HSH.com has narrowed down the salary you should be earning in…

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The State of Real Estate – Chicagoland November 2017

10 years after the big real estate crash, property prices in the Chicago suburbs are close to peak levels once more, and with the slow season coming up, it’s never been a better time to buy a home in Chicago. It’s a Buyers’ Market in Chicago Those Chicago homeowners who have been holding out for…

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When Does the Full Down Payment on a House Need to Be Made?

It’s fair to say that one of the things buyers are most concerned with is coming up with a down payment on a house. What’s often not clear to them is when a buyer is required to make that payment. At what point in the home-buying process are you supposed to cough up that cash? The good news is that you…

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Rent is Eating Up a Record Share of Americans’ Disposable Income

(Bloomberg)—If it feels like the rent keeps going up, you’re not alone. The share of U.S. disposable income that went toward such spending totaled 3.81 percent in the third quarter, marking the highest share in data going back almost six decades. Rising shelter costs have accounted for most of the inflation in the U.S. during…

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