Local and national Headlines on the Real Estate Market in Chicago and related topics.

For a more in depth review of current news headlines, see the following sources:



Rest of Tonight as of Feb. 10 9:02 PM CST Chicago, IL Weather from Weather UndergroundPublished on February 11, 2016, 3:02 am
Rest of Tonight - Mostly clear. Lows 1 to 5 above in the suburbs...but 5 to 9 above downtown. Wind chills as low as 5 below to 15 below zero. Northwest winds 10 to 15 mph.

A 7,000-square-foot, Queen Anne-style house in Ravenswood that was built by Abbott Laboratories founder Wallace Abbott was listed on Tuesday for $3.449 million.

Built in 1891, the three-story, 17-room house was purchased by its current owners, Robert and Kathryn Craig, in 2011 for $1.606 million....










Former Blackhawks goalie sells house in Northbrook Real Estate News from ChicagoTribune.comPublished on February 10, 2016, 6:17 pm

Retired Chicago Blackhawks goalie Nikolai Khabibulin last month sold a six-bedroom, 4,446-square-foot house in Northbrook for $600,000.

The Russian-born Khabibulin, 43, skated for the Blackhawks from 2005 until 2009 and played again for the team in 2013 until suffering an injury. He retired from...










Death can really kill your home value Home mortgage rates and real estate news - CNNMoney.comPublished on February 10, 2016, 5:59 pm
Read full story for latest details.









Should I buy a home while still paying student loans? Home mortgage rates and real estate news - CNNMoney.comPublished on February 9, 2016, 6:36 pm
Read full story for latest details.









Special Statement - Expires: 12:00 PM CST Chicago, IL Weather from Weather UndergroundPublished on February 9, 2016, 10:18 am
Special Statement for Cook County in effect until 12:00 PM CST on February 09, 2016
Who's to blame for Portland's soaring home prices? Home mortgage rates and real estate news - CNNMoney.comPublished on February 5, 2016, 5:01 pm
Read full story for latest details.









U.S. International Trade in Goods and Services U.S. Census Bureau Economic Briefing RoomPublished on February 5, 2016, 1:30 pm
The Nation's international trade balance in goods and services decreased to -$43.4 billion in December from -$42.2 billion in November (revised), as exports decreased and imports increased.


December 2015: -43.4° $ billion
November 2015 (r): -42.2° $ billion

WASHINGTON - Building on the Obama Administration's goal to expand high speed broadband to all Americans, today, U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro and Google Fiber Vice President, Dennis Kish, announced that the West Bluff Townhomes in Kansas City, Missouri will be the first public housing development to be connected to Google Fiber's ultra-high speed (gigabit speed, or up to 1000 mbps) internet through the ConnectHome Initiative.
Former U.S. Rep. Judy Biggert downsizes in Hinsdale Real Estate News from ChicagoTribune.comPublished on February 2, 2016, 3:10 pm

Former U.S. Rep. Judy Biggert and her husband, Rody, on Jan. 8 paid $625,000 for a three-bedroom, 3,007-square-foot attached town home in Hinsdale.

A Republican, Biggert, 78, served in the U.S. House for seven terms before losing a bid for re-election in 2012.

Now, as part of an effort to downsize,...










Former U.S. Rep. Judy Biggert downsizes in Hinsdale Real Estate News from ChicagoTribune.comPublished on February 2, 2016, 1:20 pm

Former U.S. Rep. Judy Biggert and her husband, Rody, on Jan. 8 paid $625,000 for a three-bedroom, 3,007-square-foot attached town home in Hinsdale.

A Republican, Biggert, 78, served in the U.S. House for seven terms before losing re-election in 2013.

Now, as part of an effort to downsize, Biggert...










WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with a group of Connecticut landlords to resolve allegations they discriminated against families with children. HUD reached the agreement with New Britain-based Green New Britain, LLC, and PBJ Management, and their on-site property manager for allegedly refusing to rent a two-bedroom apartment to a single mother and her two young children.
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced the agency is considering a new rule to ensure that individuals and families residing in public housing actually need housing assistance should their incomes grow well beyond the levels required for their initial admission.

Gavin Hattersley, the CEO of Chicago-based MillerCoors, and his wife, Terry, in December paid $3.8 million for a four-story town home in the Lakeshore East neighborhood.

Hattersley was named MillerCoors' CEO in September after serving as the chief financial officer for Molson Coors, which teamed...










Chicago Blackhawks defenseman Brent Seabrook and his wife, Dayna, paid $2.9 million in mid-December for a newly built, six-bedroom mansion of more than 6,300 square feet on an extra-wide lot in Lakeview's Southport Corridor area.

The Canadian-born Seabrook, 30, has spent his entire 11-year career...










Historic Oak Park mansion sells for $1.98 million Real Estate News from ChicagoTribune.comPublished on February 1, 2016, 4:05 pm

In Oak Park's highest recorded home sale since 2008, a historic, five-bedroom, 4,835-square-foot mansion in that village sold in early January for $1.98 million.

Designed by Prairie-style architect E.E. Roberts and known as the Benjamin Porter Horton residence, the three-story house was built in...










Brent Seabrook buys Lakeview mansion for $2.9 million Real Estate News from ChicagoTribune.comPublished on February 1, 2016, 3:12 pm

Chicago Blackhawks defenseman Brent Seabrook and his wife, Dayna, paid $2.9 million in mid-December for a newly built, six-bedroom mansion of more than 6,300 square feet on an extra-wide lot in Lakeview's Southport Corridor area.

The Canadian-born Seabrook, 30, has spent his entire, 11-year career...










Construction Spending U.S. Census Bureau Economic Briefing RoomPublished on February 1, 2016, 3:00 pm
Total construction activity for December 2015 ($1,116.6 billion) was 0.1 percent (+/-1.2%)* above the revised November 2015 ($1,116.0 billion).


December 2015: +0.1* % change
November 2015 (r): -0.6* % change

Mortgages are still getting cheaper Home mortgage rates and real estate news - CNNMoney.comPublished on January 29, 2016, 1:37 pm
Read full story for latest details.









Advance U.S. International Trade in Goods U.S. Census Bureau Economic Briefing RoomPublished on January 29, 2016, 1:30 pm
The advance international trade balance in goods was -$61.5 billion in December 2015. Advance exports of goods were $120.2 billion and advance imports of goods were $181.7 billion.


December 2015: -61.5° $ billion
November 2015: -60.3° $ billion

Supply Chain RE has Record-Breaking Year GlobeSt.comPublished on January 29, 2016, 1:24 am

CHICAGO—Strong demand for logistics facilities is expected to remain consistent globally during 2016, according to JLL. And rental growth is projected to continue across all markets of the world in 2016 and through 2017.

Colliers Brings in Transwestern Veteran GlobeSt.comPublished on January 28, 2016, 10:09 pm

CHICAGO—Anthony Karmin will focus on tenant representation at a time when office tenants are going to have to make quick decisions.

Noted Loop personal injury attorney Thomas Demetrio on Wednesday listed his five-bedroom, 10,507-square-foot mansion in Lake Forest for $5.9 million.

Demetrio, 68, has owned many high-priced residential properties in Chicago and the suburbs over the years. He paid $5.5 million in May 2011 for the...










Homeownership Rate U.S. Census Bureau Economic Briefing RoomPublished on January 28, 2016, 3:00 pm

The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.


4th Qtr 2015: +63.8* percent
4th Qtr 2014: +64.0 percent

New orders for manufactured durable goods in December decreased $12.0 billion or 5.1 percent to $225.4 billion.


December 2015: -5.1° % change
November 2015 (r): -0.5° % change

FHA to Cut Insurance Rates on Multifamily Mortgages HUD Press ReleasesPublished on January 28, 2016, 12:07 pm
WASHINGTON - In an effort to help preserve and increase the amount of affordable, quality rental housing across the country, the Federal Housing Administration (FHA) today announced a multifamily insurance rate reduction designed to encourage capital financing of affordable and energy-efficient apartments. The rate reductions announced today will take effect on April 1, 2016, and will directly impact FHA's Multifamily Housing Programs and properties housing low- and moderate-income families and/or developments installing energy-efficient systems or building within federal energy guidelines.
Sales of $1 million-plus homes increased 8 percent in the metro Chicago area last year, but an ample inventory luxury units for sale helped send the median sales price down about 1 percent, according to a RE/MAX analysis of full-year 2015 sales data. Sales of homes priced at $1 million or more in the metropolitan Chicago real estate market accelerated in 2015, while their median sales price declined slightly, according to the RE/MAX Luxury Report on Metro Chicago Real Estate.
New Walmart Markets Depress Cap Rates GlobeSt.comPublished on January 28, 2016, 12:42 am

CHICAGO—The compression achieved by the big box sector was significantly greater than that of the entire net lease retail sector.

Luxury Home Sales Accelerate in Chi. Metro GlobeSt.comPublished on January 27, 2016, 10:38 pm

CHICAGO—But the flood of inventory hitting the market has also caused prices to plateau in many towns.

Winnetka mansion sells for $5.55 million Real Estate News from ChicagoTribune.comPublished on January 27, 2016, 3:21 pm

A five-bedroom, 11,000-square-foot French Provincial-style mansion in Winnetka sold last month for $5.55 million.

Built in 1999 and located on a private lane off Sheridan Road, the two-story mansion has 6 1/2 baths, a grand foyer, a sunroom, a library, four fireplaces and a basement with a home...










New Residential Sales U.S. Census Bureau Economic Briefing RoomPublished on January 27, 2016, 3:00 pm
Sales of new single-family houses in December 2015 were at a seasonally adjusted annual rate of 544,000. This is 10.8 percent (+/- 17.1%)* above the revised November 2015 estimate of 491,000.


December 2015: +10.8* % change
November 2015 (r): +1.9* % change

WASHINGTON - Sales of new single-family houses in December 2015 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.
PPI Gets 44% Gain in Student Housing Sale GlobeSt.comPublished on January 26, 2016, 8:50 pm

CHICAGO, WEST LAFAYETTE, IN—In order to maximize its return, PPI sold the portfolio through 18 separate transactions. Buyers included a combination of local, national and foreign investment groups.

Akerman Signs Expansion at 71 S. Wacker GlobeSt.comPublished on January 26, 2016, 8:32 pm

CHICAGO—The national law firm is relatively new to Chicago, but has grown fast, and was able to secure contiguous space in the tower.

Robin Williams' wine country estate sold Home mortgage rates and real estate news - CNNMoney.comPublished on January 26, 2016, 7:47 pm
Robin Williams' 650-acre estate in Napa Valley sells for $18.1 million.









Space Tightening in Suburban Markets GlobeSt.comPublished on January 26, 2016, 7:43 pm

CHICAGO—Class A vacancy in the suburbs has sunk to pre-recession levels, and many office users have started to take closer looks at class B product.

$3.6M Mag Mile Duplex Unit Offers Views from Every Room Chicago WirePublished on January 26, 2016, 6:40 pm
... this condo is as spacious as a large single family home. The price tag is tall one when it comes to Chicago real estate, but the listing has taken several price chops since it listed for $4.6 million in November 2012. Designed by architect Linda ...
Case Shiller Chicago Condo Index Up 4.9% in November Chicago WirePublished on January 26, 2016, 2:59 pm
... Markets do vary by location, price range and housing types. For more market statistics see my other Chicago Real Estate Market articles. For more information on the indices see S&P/Case-Shiller Home Price Indices . Fran Bailey is a Realtor who has ...
American Realty Advisors Buys New Spec GlobeSt.comPublished on January 26, 2016, 1:49 am

CHICAGO—The gamble taken by Opus and USAA in building a spec with more than 600K SF appears to have paid off.

There’s Money in Class B, C Multifamily GlobeSt.comPublished on January 26, 2016, 1:32 am

CHICAGO—The Kiser Group has just put together some stats on the sales of older multifamily properties in the ’burbs, and says this product has become quite attractive to long-term investors.

Chicago Bulls and Chicago White Sox owner Jerry Reinsdorf last week went under contract to sell his 4,778-square-foot contemporary-style house in Northfield, which he relisted for $1.549 million.

Through a bank trust, Reinsdorf paid $1.055 million in 1999 for the house, which was built in 1984 and...










AHI Gains a Suburban Foothold GlobeSt.comPublished on January 25, 2016, 2:17 am

CHICAGO—The California-based healthcare REIT has acquired two well-occupied buildings in the Naperville area.

Data Centers: An Industry in Growth Mode GlobeSt.comPublished on January 24, 2016, 11:51 pm

CHICAGO—Cloud providers were very bullish on taking down space in 2015, Sean Reynolds of JLL says, and their customers followed by absorbing much of that expansion.

MakeOffices Debuts in River North, Loop GlobeSt.comPublished on January 24, 2016, 9:09 pm

CHICAGO—The downtown co-working scene keeps growing, and even Fortune 500 firms are starting to take space in these facilities.

Historic Low Vacancy in Ind. Should Continue GlobeSt.comPublished on January 22, 2016, 1:16 am

CHICAGO—Speculative construction has returned, but even though about 130 million square feet is underway, demand is so high that the new space should get absorbed, according to Avison Young.

Ivanhoé and Callahan Complete $198M Buy GlobeSt.comPublished on January 21, 2016, 11:33 pm

CHICAGO—The city has attracted a great deal of foreign investment, and Canadian Ivanhoé says Chicago is a key city in its strategy to grow a US office platform.

CBD Exerts Gravitational Pull on Office Users GlobeSt.comPublished on January 21, 2016, 11:00 pm

CHICAGO—Every company is a tech company now, Carolan of JLL said at a conference here, and downtown space will help attract the talent they need.

WASHINGTON - Today, U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro and the Rockefeller Foundation announced the winners of the $1 billion National Disaster Resilience Competition (NDRC). Secretary Castro traveled to Norfolk, Virginia where he joined Governor Terry McAuliffe in announcing the winners of the competition. Through NDRC, HUD will provide funding for resilient housing and infrastructure projects to states and communities that were impacted by major disasters between 2011 and 2013.
WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro and the Rockefeller Foundation announced the winners of the $1 billion National Disaster Resilience Competition (NDRC).

A 5-acre estate in far northwest suburban Bull Valley that contains an extensively renovated 1850s saltbox home and a 6,000-square-foot, 200-year-old dairy barn has been listed for $950,000.

The property has long been owned by an interior designer, Dana Riley, and her husband, Dennis, who were...










Head-injury litigator buys River North condo Real Estate News from ChicagoTribune.comPublished on January 20, 2016, 6:20 pm

Attorney Joseph Siprut has paid $1.25 million for a three-bedroom, 2,500-square-foot condominium unit in a recently constructed contemporary-style building in River North.

Siprut is a litigator known for representing college athletes in litigation over the long-term effects of head injuries. He...










Chicago White Sox Executive Vice President Kenny Williams and his wife, WMAQ-Ch. 5 morning news anchor Zoraida Sambolin, on Tuesday sold their five-bedroom, 6,300-square-foot 19th-century Gold Coast mansion for $3.54 million.

Williams, 51, and Sambolin, 50, married in 2014. A former Sox player...










New Residential Construction U.S. Census Bureau Economic Briefing RoomPublished on January 20, 2016, 1:30 pm
Privately-owned housing starts in December 2015 were at a seasonally adjusted annual rate of 1,149,000. This is 2.5 percent (+/- 8.6%)* below the revised November 2015 estimate of 1,179,000.


December 2015: -2.5* % change
November 2015 (r): +10.1 % change

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2015.
... Field on one occasion. Former Mayor Richard J. Daley eventually met with King, and later that year the Chicago Real Estate Board ended its opposition to open-housing laws. In the backroom studio at the Muslim network's Youth & Wellness Center, scale ...
From Tuscaloosa to Atlanta, residents celebrate King legacy Chicago WirePublished on January 18, 2016, 10:43 pm
... against the Midwest winter, Castro said. Protesters held marches for fair housing and eventually got the Chicago real estate board to stop opposing open housing laws, Castro said.
... al Estate 773-793-4516 737 N Michigan Ave 1800, Chicago, IL 60611 fran.bailey@bairdwarner.com 2006 Metro Chicago Real Estate Magazine "[this] site has many of the features that characterize the best real estate blogs"
Manufacturing and Trade Inventories and Sales U.S. Census Bureau Economic Briefing RoomPublished on January 15, 2016, 3:00 pm
U.S. total business end-of-month inventories for November 2015 were $1,809.8 billion, down 0.2 percent (+/- 0.1%) from last month. U.S. total business sales were $1,313.5 billion, down 0.2 percent (+/- 0.2%)* from last month.


November 2015: -0.2 % change in Inventories
October 2015 (r): -0.1* % change in Inventories

Advance Monthly Sales for Retail and Food Services U.S. Census Bureau Economic Briefing RoomPublished on January 15, 2016, 1:30 pm
U.S. retail and food services sales for December were $448.1 billion, a decrease of 0.1 percent (+/-0.5%)* from the previous month.


December 2015: -0.1* % change
November 2015 (r): +0.4 % change

The rental market is going gray Home mortgage rates and real estate news - CNNMoney.comPublished on January 14, 2016, 3:51 pm
Look out Millennials, you've got growing competition in the rental market.









The U.S. is cracking down on anonymous real estate buyers Home mortgage rates and real estate news - CNNMoney.comPublished on January 13, 2016, 9:40 pm
All-cash luxury home buyers in Manhattan and Miami can no longer keep their identities secret from the government.









University of Chicago couple plays house swap in Hyde Park Real Estate News from ChicagoTribune.comPublished on January 13, 2016, 7:27 pm

University of Chicago Harris School of Public Policy Dean Daniel Diermeier and his wife, U. of C. lecturer Ariela Lazar, have paid $3.75 million in recent months for two houses on the same block in Hyde Park.

However, in a series of transactions, the couple first bought one house and then struck...










Tech entrepreneur's Evanston home sells for $1 million Real Estate News from ChicagoTribune.comPublished on January 13, 2016, 6:43 pm

A five-bedroom, 3,200-square-foot house in Evanston that Chicago technology entrepreneur Roger Covey owned until his death sold Dec. 7 for exactly $1 million.

Covey, who died in 2013 at age 58, founded System Software Associates, a Chicago-based software provider, in 1981 and later took the firm...










WASHINGTON – The U.S. Department of Housing and Urban Development announced today that it is charging three Modesto, California, home loan modification companies and nine of their agents with violating the Fair Housing Act by targeting Hispanic homeowners for illegal or unfair loan audit and loan modification assistance because of their national origin.
WASHINGTON - The U.S. Department of Housing and Urban Development announced today that it is charging three Modesto, California, home loan modification companies and nine of their agents with violating the Fair Housing Act by targeting Hispanic homeowners for illegal or unfair loan audit and loan modification assistance because of their national origin.
Go inside the Playboy mansion Home mortgage rates and real estate news - CNNMoney.comPublished on January 11, 2016, 8:35 pm
The Playboy mansion hit the market for $200 million.









Cedar St. Co-Founder Jay Michael Passes Away at 34 Chicago WirePublished on January 11, 2016, 4:47 pm
... felong friend and partner at Cedar Street, quickly became one of the busiest and most successful duos in Chicago real estate.
Cheap oil could hurt these housing markets Home mortgage rates and real estate news - CNNMoney.comPublished on January 11, 2016, 4:23 pm
Oil prices tend to be a leading indicator to home prices, and housing markets in energy-dependent states could get squeezed.









Ken Griffin sells Waldorf Astoria condo for $16 million Real Estate News from ChicagoTribune.comPublished on January 10, 2016, 10:30 pm

Citadel founder Ken Griffin, the billionaire hedge fund manager who is Illinois' richest man, on Dec. 11 sold one of his two full-floor condominium units in the Waldorf Astoria for $16 million.

The condo, which encompasses the building's entire 46th floor, is one of two units that Griffin purchased...










Former White Sox and Cubs pitcher Neal Cotts and his wife, Jaime, have paid $654,500 for a four-bedroom, 3,300-square-foot house in Libertyville and have sold their three-bedroom duplex condominium unit in east Ukrainian Village for $545,000.

A Downstate native who is a free agent, Cotts, 35, pitched...










WGN reporter Tom Negovan buys condo in Loop high-rise Real Estate News from ChicagoTribune.comPublished on January 6, 2016, 6:10 pm

WGN-Ch. 9 reporter and fill-in anchor Tom Negovan recently paid $630,000 for a two-bedroom, 1,879-square-foot condominium unit on the 45th floor of a Loop high-rise.

Located in a building that was completed in 2010, Negovan's new unit has three baths, 10-foot concrete ceilings, dark-stained hardwood...










Wilmette home sells for $7 million, again Real Estate News from ChicagoTribune.comPublished on January 6, 2016, 8:00 am

A two-story, 4,934-square-foot house on Lake Michigan in Wilmette sold on Dec. 31 for $7 million.

It was the second time in the past nine months that the 14-room house on Michigan Avenue has sold, and both times the transaction amount was for $7 million.

At the end of March, a land trust whose beneficiary...










Oregon is the most popular state to move to Home mortgage rates and real estate news - CNNMoney.comPublished on January 4, 2016, 8:08 pm
Oregon was the top moving destination in 2014 for the third consecutive year.









... in some trouble, as investors are suing the franchisee for refusing to complete the sale of the space, Chicago Real Estate Daily reports . The 15-19 S. Wabash expansion, which was reportedly one of five new locations, was first reported in February ...
Case Shiller Chicago Condo Index Up 4.6% in October Chicago WirePublished on December 29, 2015, 4:10 pm
... Markets do vary by location, price range and housing types. For more market statistics see my other Chicago Real Estate Market articles. For more information on the indices see S&P/Case-Shiller Home Price Indices . Fran Bailey is a Realtor who has ...
Selling a home in 2016? Here's what you need to know Home mortgage rates and real estate news - CNNMoney.comPublished on December 24, 2015, 4:12 pm
Read full story for latest details.









Peek inside a Massive Chicago Mansion Listed for $17M Chicago WirePublished on December 22, 2015, 5:18 pm
The massive mansion at 1955 N. Burling Street in the Lincoln Park neighborhood has scored a contract , again. The house made a big splash in the Chicago real estate market a year and a half ago when it listed for $18.75 million, a price that made this mansion the city's priciest single family home at the time.
Massive Burling Street Mansion Goes Under Contract Yet Again Chicago WirePublished on December 21, 2015, 10:27 pm
The massive mansion at 1955 N. Burling Street in the Lincoln Park neighborhood has scored a contract , again. The house made a big splash in the Chicago real estate market a year and a half ago when it listed for $18.75 million, a price that made this mansion the city's priciest single family home at the time.
Manufacturing corporations' seasonally adjusted after-tax profits were $140.5 billion for the third quarter of 2015, up $18.8 (+/- 0.3) billion from second quarter of 2015.


3rd Qtr 2015: +18.8 $ billion
2nd Qtr 2015 (r): -4.5 $ billion

Why mortgage rates are NOT going up now, but... Home mortgage rates and real estate news - CNNMoney.comPublished on December 17, 2015, 8:18 pm
The current rate on a 30-year mortgage is 3.97%. It barely budged after the big Fed announcement Wednesday.









... of listings to just those that matter. "We are excited to bring a new level of searchability to the Chicago Real Estate Market" RJ Yozwiak & James DeMarco Smash Properties, a Chicago-based realty search site, is announcing the official launch of ...
More bad news for renters Home mortgage rates and real estate news - CNNMoney.comPublished on December 15, 2015, 1:36 pm
Don't bank on a smaller rent check next year. Rents are expected to continue to rise, but at a slower pace.









Quarterly Services Survey U.S. Census Bureau Economic Briefing RoomPublished on December 10, 2015, 3:02 pm
The estimate of U.S. information sector revenue for the third calendar quarter of 2015, adjusted for seasonal variation but not for price changes, was $341.6 billion, an increase of 0.7 percent (+/- 0.9%)* from the second quarter of 2015 and up 3.7 percent (+/- 0.9%) from the third quarter of 2014.


3rd Qtr 2015: +0.7* % change
2nd Qtr 2015: +1.3 % change

Half of all renters can't afford the rent Home mortgage rates and real estate news - CNNMoney.comPublished on December 9, 2015, 8:11 pm
The number of households struggling to make rent reached a new high in 2014 among low and middle-income renters, a new report show.









A spacious three bedroom, four bathroom corner unit at 550 St. Clair has entered the market, asking just under $1.8 million. The building was completed in 2008, during the tail end of the last boom and just as the recession caused the Chicago real estate market to a slow to a snail's pace.
4 reasons 2016 is the year to buy a home Home mortgage rates and real estate news - CNNMoney.comPublished on December 4, 2015, 2:24 pm
The window for record-low mortgage rates is closing and the rise in home prices is expected to slow, which means next year is an ideal time to become a homeowner.









The 10 hottest housing markets for 2016 Home mortgage rates and real estate news - CNNMoney.comPublished on December 2, 2015, 5:30 pm
These real estate markets are expected to have a strong 2016 thanks to their robust economies, growing demand and rising prices.









For $250,000, you can buy this South Dakota ghost town Home mortgage rates and real estate news - CNNMoney.comPublished on November 30, 2015, 10:40 pm
The six-acre town of Swett in South Dakota can be yours for $250,000.









Google could be your next mortgage broker Home mortgage rates and real estate news - CNNMoney.comPublished on November 23, 2015, 11:39 pm
Google is looking to make it easier for house hunters to find a mortgage.









Not buying a home was my smartest financial move Home mortgage rates and real estate news - CNNMoney.comPublished on November 23, 2015, 5:52 pm
Homeownership in America peaked in 2004 when nearly 70% of adults owned their homes. Today that number has fallen to under 64%.









Australia blocks sale of Ohio-sized ranch Home mortgage rates and real estate news - CNNMoney.comPublished on November 19, 2015, 3:42 pm
The Australian government has blocked the sale of a massive private cattle ranch to foreign buyers, saying it was "contrary to the national interest."









You probably can't afford to live near good schools Home mortgage rates and real estate news - CNNMoney.comPublished on November 19, 2015, 3:04 pm
Read full story for latest details.









The most expensive housing market is... Home mortgage rates and real estate news - CNNMoney.comPublished on November 10, 2015, 11:14 am
Being a homeowner in California is expensive. But The Golden State isn't the most expensive state in the nation to buy a home.









Buy (or sell) your home ... without a real estate agent Home mortgage rates and real estate news - CNNMoney.comPublished on October 29, 2015, 3:20 pm
These companies are changing the real estate game.









Real estate today: Older buyers, more bathrooms Home mortgage rates and real estate news - CNNMoney.comPublished on October 21, 2015, 9:13 am
The housing market is finally starting to be a real boost to the U.S. economy, but it's different today than before the recession.









My Top 10 Chicago Real Estate Deals - July 2015 Chicago WirePublished on July 7, 2015, 8:33 pm
Click Here to view my Top 10 Chicago real estate deals for July. This month I'm focusing on Near North Side & Near West Side condos priced between $450,000 - $535,000.
... I love my animals. I use good judgement before killing any living thing. And remember, when it comes to Chicago real estate: it's only a 'buyer's market' if you're actually buying. DENNIS RODKIN, CHICAGO MAGAZINE: "This guy looks at even more ...
Lawyer answers most common buyer and seller questions about residential and commercial property transactions and closings CHICAGO, IL / ACCESSWIRE / April 13, 2015 / Danielle Colyer, partner at Colyer ...
CHICAGO, April 13, 2015 /PRNewswire/ -- March went out with a roar from the worldwide RE/MAX network, which announced that it is now 100,000 agents strong.  It reached that mark with a boost from four Chicago real estate brokers who joined local RE/MAX offices as March ended. Mark Sannita of RE/MAX Excels in Geneva, Ill., and Mary Kay Wright of RE/MAX All Pro in Bloomingdale, Ill. Like Myles ...
It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. After the Wall Street meltdown, U.S. regulators slapped rules on banks and other financial institutions aimed at curbing their risk taking. These requirements, including more burdensome capital requirements and the hiring of additional ...
Condos on the road back Chicago Real Estate on Yahoo! NewsPublished on April 4, 2015, 11:15 pm
Keith Montgomery, treasurer for the Garden Walk Condominium Association in Bradenton, stands outside of the condo complex that was almost taken over by the state.
CHICAGO, March 30, 2015 /PRNewswire/ -- As the metropolitan Chicago real estate market moves quickly toward the busy spring season for home sales, RE/MAX brokers across the area have a firmly upbeat outlook.  They expect 2015 to generate more home sales and higher home values than were seen in 2014. The median sales price for homes in the Chicago metro area in 2014 was $195,000, or 9 percent ...
CHICAGO, Ill. -- via PRWEB - PeerRealty, the Midwest's premier real estate crowdfunding platform and one of the participants in the elmspring accelerator, is announcing the opening of a $1 million offering. ...
Tribune Media may be closing in on a redevelopment partner for vacant industrial property it owns along the Chicago River.
It’s not just the changing of the guard at Willis (né Sears) Tower. The first quarter of 2015 has been a turbulent time for trophy towers and other notable structures throughout Chicago’s built environment.
Open House Chicago 2014 Chicago WirePublished on October 12, 2014, 1:09 am
... not think I was the first or even the hundredth person who has tried to get in just to look around. As a Chicago real estate agent I have be hoping for years for someone to request a showing in the building to no avail. Happily, I found the Brewster ...
2013 Characteristics of New Housing U.S. Census Bureau News - HousingPublished on June 2, 2014, 8:14 pm
Using data collected by the U.S. Census Bureau's Survey of Construction, this report provides annual statistics on the characteristics of new privately owned residential structures in the four U.S. regions. The report includes characteristics such as the number of bedrooms and bathrooms, the type of exterior wall material, the buyer's ...
2013 Housing Vacancy Survey Annual Statistics U.S. Census Bureau News - HousingPublished on February 27, 2014, 2:56 pm
These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the U.S., regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the U.S. and regions ...
Real Estate Markets in Illinois and Chicago Remain in Crisis ... the housing crisis brought on by the 2008 collapse of real estate prices continues to ...
Real Estate; Wonderwall; Horoscopes; Shopping; Yellow Pages; Local Edition; Traffic; Feedback; Maps & Directions; ... a Chicago real estate developer and fast-food ...
Real Estate; Wonderwall; Horoscopes; Shopping; Yellow Pages; Local Edition; Traffic; Feedback; ... a Chicago real estate developer and fast-food ...
Real estate 87-year-old woman loses to Donald Trump in civil case; target Reuters sources: Other US retailers victims of cyberattacks; detroit-auto-show ...
Michael Jordan's custom home up for auction - NBC News.com Chicago Real Estate on MSNBC.comPublished on January 4, 2014, 11:48 am
Real estate Michael Jordan's custom home up for auction; gmo Original Cheerios to go GMO-free; light-bulbs Stockpilers take dim view of new bulb ban
A new housing brief from the U.S. Census Bureau shows that median home values in many small counties across the nation held steady after the most recent recession, while values in large counties declined. These findings come from the Census Bureau’s brief, Home Value and Homeownership Rates: Recession and ...
Los propietarios de viviendas en el área metropolitana de Atlanta-Sandy Springs-Marietta, Georgia, pagaron una mediana de $149,000 por sus viviendas, según una reseña de la Encuesta sobre la Vivienda Estadounidense 2011 que se dio a conocer hoy. La mediana del precio de compra de las viviendas construidas en los últimos ...
Los propietarios de viviendas en el área metropolitana de Riverside-San Bernardino-Ontario, California, pagaron una mediana de $171,000 por sus viviendas, según una reseña de la Encuesta sobre la Vivienda Estadounidense 2011 que se dio a conocer hoy. La mediana del precio de compra de las viviendas construidas en los últimos ...
The nation's elementary-secondary public school systems spent an average of $10,615 per pupil in fiscal year 2010, up 1.1 percent from the previous year, according to statistics released today by the U.S. Census Bureau. District of Columbia public schools spent $18,667 per student in 2010, which is the most of ...
<b>Chicago</b>, IL news from nbcchicago.com- msnbc.com Chicago Real Estate on MSNBC.comPublished on April 4, 2012, 2:10 pm
Chicago, IL news from nbcchicago.com Skip navigation. Jump to story headline. MSN ... Real Estate; Wonderwall; Horoscopes; Shopping; Yellow Pages; Local Edition; Traffic;
Five Misconceptions about Buying a New-Construction Home HousingNewswire.com: Chicago housing newsPublished on February 17, 2012, 10:49 am
Feb. 17, 2012. If you are in the market to buy a home this spring, Wheaton-based J. Lawrence Homes wants to clear up five common misconceptions about buying a new-construction...
Feb. 16, 2012. An affiliate of the Belgravia planned for a 12-month sellout last April when it acquired 11 unsold condominiums at 23 N Aberdeen in Chicago's West Loop. Four mo...
235 Van Buren launches rent-to-own program in the Loop HousingNewswire.com: Chicago housing newsPublished on February 15, 2012, 4:13 pm
Feb. 15, 2012. 235 Van Buren, a striking new Ralph Johnson-designed 46-story condominium in the Loop, is launching a rent-to-own program on selected units, as detailed in this...
Jan. 23, 2012. If your plans for the New Year include a new home, you’re in good company, according to a Yahoo Real Estate poll released last month, which reports four out of ...
2012 Board of Commissioners Meetings CPD Park Updates feedPublished on December 21, 2011, 5:00 pm
2012 Board of Commissioners Meetings
2012 Schedule of the Board of Commissioners Meetings
2012 Permits CPD Park Updates feedPublished on December 19, 2011, 5:00 pm
2012 Permits
Everything you need to reserve your desired Chicago Park District space
Free Fitness Admission CPD Home Page Events feedPublished on December 18, 2011, 5:00 pm
Free Fitness Admission
Promotion runs Jan. 3-9 at 71 Fitness Center Locations
Winterfest, 1/28 CPD Home Page Events feedPublished on December 18, 2011, 5:00 pm
Winterfest, 1/28
Daley Bicentennial Plaza
Polar Adventure Days, 1/21 CPD Home Page Events feedPublished on December 18, 2011, 5:00 pm
Polar Adventure Days, 1/21
Northerly Island Winter Activities
Watch Our Public Meetings CPD Park Updates feedPublished on December 16, 2011, 5:00 pm
Watch Our Public Meetings
December 14, 2011 meetings now available for viewing.
December Newsletter CPD Park Updates feedPublished on December 12, 2011, 5:00 pm
December Newsletter
Hot off the press!
List of Contractors - 475 Report - December 2011 CPD Park Updates feedPublished on December 2, 2011, 5:00 pm
List of Contractors - 475 Report - December 2011
List of vendors receiving $10,000 or more in any 12 month period over the past four years.
2012 Budget CPD Park Updates feedPublished on November 23, 2011, 5:00 pm
2012 Budget
Download 2012 Budget Summary and Recommendations
Museum Free Days 2011 CPD Park Updates feedPublished on October 18, 2011, 5:00 pm
Museum Free Days 2011
Museums throughout the city waive their general admittance fee on varying days of the week.
Nature in Chicago Digital Photo Contest CPD Park Updates feedPublished on September 28, 2011, 5:00 pm
Nature in Chicago Digital Photo Contest
Calling all nature loving photographers. Submit your photos to this contest.
Museums in the Parks CPD Home Page Events feedPublished on May 15, 2011, 5:00 pm
Museums in the Parks
Visit one of the 10 amazing museums in the parks!
Arts Partners in Residence CPD Home Page Events feedPublished on May 14, 2011, 5:00 pm
Arts Partners in Residence
This program provides space to artists/arts organizations in exchange for arts programming.
Lincoln Park Zoo CPD Home Page Events feedPublished on January 1, 2011, 5:00 pm
Lincoln Park Zoo
Explore the countless contributions that shape Lincoln Park Zoo
The Adler Planetarium CPD Home Page Events feedPublished on January 1, 2011, 5:00 pm
The Adler Planetarium
Field Trips to the Adler are out of this world!
The Shedd Aquarium CPD Home Page Events feedPublished on January 1, 2011, 5:00 pm
The Shedd Aquarium
Strap a mask and flippers onto your imagination and chart a course to Shedd Aquarium.
Hyatt union workers to vote on whether to strike ChicagoRealEstateDaily.comPublished on July 28, 2010, 9:34 pm
(Crain’s) — Union workers at local Hyatt hotels will take part in a strike authorization vote Thursday, nearly 11 months after the expiration of their last labor contract. Unite Here Local 1 and Hyatt Hotels Corp. have “made very little progress since we began negotiating (a new contract) ...
Sheraton Chicago lands $158-million refinancing loan ChicagoRealEstateDaily.comPublished on July 28, 2010, 6:44 pm
(Crain’s) — The owner of the Sheraton Chicago Hotel & Towers has refinanced the riverside property with a $158.2-million loan from Goldman Sachs & Co., another sign that money is flowing back into the rebounding hotel sector. The owner of the 1,209-room hotel, Tishman Hotel & Realty L.P., had ...
Block 37 hit with new foreclosure suit ChicagoRealEstateDaily.comPublished on July 28, 2010, 12:21 pm
(Crain’s) — Joseph Freed & Associates LLC faces a new foreclosure lawsuit at Block 37. U.S. Bank is seeking $16.75 million from Freed entities related to a mortgage the bank made in 2007 for the planned two-tower residential and hotel portion of the development at State and Randolph streets. ...
(Crain’s) — Investors looking for signs that South Loop land prices have stabilized didn’t find one at an auction Tuesday of a prominent South Michigan Avenue development site overlooking along Grant Park. An affiliate of First American Bank prevailed in the auction of the vacant property ...
(Crain’s) — Distribution giant U.S. Foodservice Inc. has purchased almost 50 acres in Aurora, a site big enough for a warehouse of about 1 million square feet, larger than any industrial building developed locally since 2008. Rosemont-based U.S. Foodservice, the biggest privately held ...
Apartment tower slated for River North ChicagoRealEstateDaily.comPublished on July 28, 2010, 12:07 pm
(Crain’s) — AMLI Residential Partners LLC plans to build a 49-story apartment tower in River North after striking a deal with developer Albert Friedman. Chicago-based AMLI signed a 100-year lease on a 12,617-square foot site on the southeast corner of Clark and Hubbard streets, property ...
Target gets big discount on Near West Side land ChicagoRealEstateDaily.comPublished on July 28, 2010, 12:02 pm
(Crain’s) — Target Corp., the retail giant renowned for its cheap-chic sensibilities, apparently knows about discount real estate, too. The Minneapolis-based company paid $9.3 million for a roughly four-acre site on the Near West Side, not even half what the previous owners paid for the ...
(Crain’s) — In a sign of just how good it is to be a suburban office tenant these days, a Career Education Corp. school cut its rent by more than 30% at a Hoffman Estates building while slashing its space and extending the lease for two years. American Intercontinental University Inc. is ...
Florsheim Mansion for sale The founder of Round Table Group Inc., an expert-witness search and referral firm, is asking $2.5 million for his Gold Coast home, known as the Florsheim Mansion. The curved brick residence at 1328 N. State Parkway was designed by Andrew Rebori, a prominent Chicago ...
Closer highlights for July 27 ChicagoRealEstateDaily.comPublished on July 27, 2010, 3:57 pm
Sales A venture affiliated with Chicago-based Wells Street Cos. bought the River North building at 415 N. Dearborn St. for $4.65 million in a sale/leaseback with Sullivan’s Steakhouse. The seller was a venture of Southlake, Texas-based Del Frisco’s Restaurant Group, which operates 20 ...
Pritzker Realty in East Coast apartment joint venture ChicagoRealEstateDaily.comPublished on July 27, 2010, 3:50 pm
(Crain’s) — Pritzker Realty Group is teaming up with a Maryland real estate firm to buy and develop apartments on the East Coast. Pritzker Realty has formed a $75-million joint venture with Bozzuto Group, a suburban Washington, D.C., investor, that will seek acquisition and development ...
Local Case-Shiller index up for 2nd straight month ChicagoRealEstateDaily.comPublished on July 27, 2010, 3:26 pm
(Crain’s) — An index of local home prices rose in May for the second straight month as federal tax incentives pulled more buyers into the market. The Standard & Poor’s/Case-Shiller index of Chicago-area single-family home prices rose 1.2% from April to May, but was still 1.5% lower than it ...
The real estate market is so bad even kings are facing foreclosure. Two banks have filed suits totaling $5.5 million against properties controlled by Rudy Acosta III, including the controversial "castle" built on the Northwest Side by the real estate developer and hip-hop music producer known as ...
Betting on The Donald paid off for most of the buyers who've resold their condos since the Trump Tower opened more than two years ago. The gamble hasn't worked out as well for Mr. Trump.
Real estate Real Estate - Residential stories from Crain's Chicago BusinessPublished on July 5, 2010, 8:00 am
Find out how much someone making minimum wage would have to work to secure affordable housing in the Chicago area. Also, learn more about the state of the office market and the North side v. South side retail battle. View the full PDF ©2010 by Crain Communications Inc.
Real-estate agents serve ever-narrower niche markets Real Estate - Residential stories from Crain's Chicago BusinessPublished on June 28, 2010, 8:00 am
Some real estate companies are homing in on narrow niches to stand out in a tough economy. Thomas Brown, of New Urban Property Services LLC in the West Loop, lists only homes clustered around mass-transit stops. "We've designed a database that takes condos and houses in the Multiple Listing ...
Sara Benson likes to say that you will never find her face on a billboard. You will find her darting around downtown Chicago, from one client to the next. Ms. Benson, 48, is president and managing broker of Benson Stanley Realty Inc., her two-person firm with partner Dan Kligerman, run out of a ...
William Alston of Niles covers the market on his own Real Estate - Residential stories from Crain's Chicago BusinessPublished on June 28, 2010, 8:00 am
Joseph Pickett, a 51-year-old civil engineer who works for Abbott Laboratories, was shopping for a home earlier this year close to Notre Dame High School in Niles, where his son will be a junior this fall. His real estate agent, William Alston, found him a three-bedroom tri-level two blocks away ...
David Schwartz, 46, is co-founder and managing member of Waterton Associates LLC, the real estate investment firm whose properties include Presidential Towers. His view: On his Kindle: "Too Big to Fail," Andrew Ross Sorkin's exposé of the 2008 financial crisis. Recent fiction focuses on ...
In west suburban Hinsdale, a town of 18,000, a string of independent boutiques and restaurants suggests that residents like the local touch. But in the real estate market, franchises such as Coldwell Banker and ERA have made a dent by staffing offices with legions of sales reps and discounting ...
Steve Khoshabe sold his mortgage firm for a rich price near the peak of the housing boom. Now he's looking to cash in on the bust. Mr. Khoshabe's Speedwagon Properties bought 103 condominiums this month in a River North tower after the previous owners' conversion from apartments stalled. The ...
The residential real estate market has been in tatters for several years now, but some top agents have held their own and even flourished. How are they doing it?
Homeownership hits eight-year low Real Estate - Residential stories from Crain's Chicago BusinessPublished on June 21, 2010, 8:00 am
Homeownership in the Chicago area plunged in the first quarter to its lowest level in almost eight years, erasing the dream that many achieved during the housing boom but could not hold onto. The percentage of people who own their own homes fell to 67.4% during the first quarter, from 69.0% in ...
Qataris Continue London Buying Spree RealEstateJournal.com Residential Real Estate NewsPublished on June 18, 2010, 9:52 am
Barwa said it will buy Park House development in London's fashionable West End district for $369 million, as Qatari investors continue to snap up prime real estate in the city.
Apartment Leases, Rentals Pick Up RealEstateJournal.com Residential Real Estate NewsPublished on June 16, 2010, 9:23 am
Some of the nation's largest apartment-building landlords are reporting that rent declines have stopped and some are even boasting modest increases.
Oil Spill Delivers Recovery Setback RealEstateJournal.com Residential Real Estate NewsPublished on June 16, 2010, 9:19 am
The Gulf of Mexico oil spill is imperiling billions of dollars of commercial real-estate investments with potentially grave repercussions for developers, lenders and investors.
Dallas Condo Project: Exception to the Slump RealEstateJournal.com Residential Real Estate NewsPublished on June 15, 2010, 9:28 pm
Developers will start construction later this month on a long-planned luxury high-rise condominium in Dallas, an unusual example of new development for a sector that was battered by the housing bust.
St. Joe's Gulf Presence Not a Plus RealEstateJournal.com Residential Real Estate NewsPublished on June 15, 2010, 7:43 pm
Prominent Florida Panhandle landowner St. Joe has seen its stock pummeled on concern that the oil spill could cut into its tourism business.
Readers respond: Real estate crash hits home Real Estate - Residential stories from Crain's Chicago BusinessPublished on June 14, 2010, 8:00 am
Here's what readers of ChicagoBusiness.com said about "Real estate crash: Now it's personal" (Crain's, June 7). Unless developers knew this was coming five years prior, any assets they could have transferred will be reversed. Aside from that, the biggest culprit in the entire history is our ...
Economists say growth in the local economy could slow by as much as half, mostly due to the dissipation in federal stimulus spending.
Occupancies, rents looking up in downtown Chicago Real Estate - Residential stories from Crain's Chicago BusinessPublished on May 31, 2010, 8:00 am
A construction wave coupled with 11.2% unemployment would normally make life miserable for apartment owners, but downtown landlords are holding up well. The occupancy rate for top-tier downtown apartment buildings rose to 93.6% in the first quarter, up from 91.4% in the fourth quarter and 90.9% ...
Lincoln Park elite want developer to get a heart Real Estate - Residential stories from Crain's Chicago BusinessPublished on May 31, 2010, 8:00 am
A development plan for the former site of Lincoln Park Hospital is radicalizing residents in the exclusive neighborhood just east of Oz Park's Tin Man. It's like a protest zone, with homes proudly displaying signs reading "No High Rise No Retail at L.P. Hospital." Homeowners have spoken out at ...
Daley says no property tax hike Real Estate - Residential stories from Crain's Chicago BusinessPublished on May 25, 2010, 3:58 pm
(AP) — Chicago Mayor Richard M. Daley says he won't propose increasing property taxes in next year's budget. Daley made that pledge Tuesday during an appearance before the City Club of Chicago. Daley says the city's revenues have seen some increase but it's hardly enough to qualify as an ...
(Crain's) — The Pioneer Press weekly newspapers in suburban Chicago this week begin running real estate sections produced by Blockshopper LLC. The papers’ Chicago parent, Sun-Times Media Group Inc., on Thursday will add the new Blockshopper sections in a few key markets that the paper ...
This Old House honors Chicago bungalow belt neighborhood Real Estate - Residential stories from Crain's Chicago BusinessPublished on February 18, 2010, 12:10 pm
(AP) — A Chicago neighborhood filled with historic bungalows and tree-lined streets has landed on a best-of list by This Old House magazine. The magazine lists North Mayfair on the city's Northwest Side as one of the best "old-house neighborhoods" in the U.S. and Canada. North Mayfair ...
Illinois to use mortgage database licensing system Real Estate - Residential stories from Crain's Chicago BusinessPublished on December 30, 2009, 11:36 am
(AP) — Illinois is embracing a licensing database that officials say will help ensure the competency of mortgage loan professionals. The Illinois Department of Financial and Professional Regulation said it'll start to use the Nationwide Mortgage Licensing System for license applications ...
(Crain’s) — Bruce Gottschall, who helped start what has become the city’s largest housing counseling agency, is stepping down as its executive director after 35 years. Mr. Gottschall began Neighborhood Housing Services of Chicago in 1975. He will retire on Dec. 15. “It feels like ...
Amcore put on the clock by regulators Real Estate - Residential stories from Crain's Chicago BusinessPublished on November 10, 2009, 11:25 am
(Crain’s) — Federal regulators have rejected Amcore Financial Inc.’s plan to raise capital, giving the troubled Rockford-based lender a month to raise the needed money or sell. Amcore has until Dec. 4 to submit a new plan to the U.S. Office of the Comptroller of the Currency under ...
USG loss casts pall over housing market outlook Real Estate - Residential stories from Crain's Chicago BusinessPublished on October 21, 2009, 10:44 am
(Reuters) — Building products maker USG Corp. reported a larger quarterly loss on Wednesday and said the near-term outlook remains weak, sending its shares down more than 8 percent. The result is another sign the housing construction industry has yet to fully right itself after collapsing ...
Key ShoreBank executive leaves lender Real Estate - Residential stories from Crain's Chicago BusinessPublished on October 9, 2009, 1:32 pm
(Crain’s) — The veteran ShoreBank executive in charge of the lender’s signature loans to apartment rehabbers — the portfolio whose success largely created the community bank’s national reputation for profiting while lending in low-income neighborhoods — has left the bank. James ...
Capone's hideout sells for $2.6 million Real Estate - Residential stories from Crain's Chicago BusinessPublished on October 8, 2009, 12:34 pm
(AP) — The former northern Wisconsin hideout of Chicago mobster Al Capone has sold for $2.6 million to the bank that foreclosed on the property. Margie Schull of the Sawyer County Sheriff's Department says Chippewa Valley Bank was the only bidder during a five-minute sheriff's sale on the ...
Capone's Wisc. hideout up for auction Thursday Real Estate - Residential stories from Crain's Chicago BusinessPublished on October 8, 2009, 9:37 am
(AP) — The former northern Wisconsin hideout of Chicago mobster Al Capone goes on the auction block Thursday. A bank foreclosed on the 407-acre wooded site and a sheriff's sale takes place on the steps of the Sawyer County Courthouse in Hayward. Chippewa Valley Bank says the starting bid ...
Illinois earns 'C' for financial instability Real Estate - Residential stories from Crain's Chicago BusinessPublished on September 22, 2009, 11:36 am
(AP) — If Illinois had parents, they wouldn't be too happy with the state's economic grade card. An advocacy group, the Corporation for Enterprise Development, gave the state an overall 'C' grade in its annual assessment of financial stability in all 50 U.S. states. Illinois fared better ...
Winner or loser: Credit cards Bankrate.com: Mortgages HeadlinesPublished on September 18, 2009, 5:00 am
Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects credit card interest rates.
Winner or loser: Auto loans Bankrate.com: Mortgages HeadlinesPublished on September 18, 2009, 5:00 am
Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects auto loan rates.
Winner or loser: Mortgage shopper Bankrate.com: Mortgages HeadlinesPublished on September 18, 2009, 5:00 am
Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects mortgage shoppers and ARM holders.
Winner or loser: Home equity loans Bankrate.com: Mortgages HeadlinesPublished on September 18, 2009, 5:00 am
Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects home equity loans and lines of credit.
Civic Fed frowns on city’s Olympic Village plans Real Estate - Residential stories from Crain's Chicago BusinessPublished on August 26, 2009, 4:22 pm
(Crain’s) — The Civic Federation has come out with a report that generally supports Mayor Richard M. Daley’s bid for the 2016 Olympics — with the exception of the development of the Olympic Village. In a long-awaited report issued Wednesday, the tax policy group notes that the Olympic ...
Home equity can be used to buy car Home equity HeadlinesPublished on July 31, 2009, 5:00 am
Home equity products can be used to fund a car purchase. But there are risks for the homeowner.
Debt forgiveness for homeowners? Bankrate.com: Mortgages HeadlinesPublished on July 30, 2009, 5:00 am
Researchers say debt forgiveness is the only way to fix the housing crisis. But will it?
Interest Rate Roundup Home equity HeadlinesPublished on July 30, 2009, 5:00 am
Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts.
U.S. homes sales up for 3rd straight month Real Estate - Residential stories from Crain's Chicago BusinessPublished on July 23, 2009, 1:01 pm
(AP) — Signaling a housing recovery is under way in much of the country, sales of previously occupied homes rose for the third month in a row in June. The National Assn. of Realtors said Thursday that home sales rose 3.6 percent to a seasonally adjusted annual rate of 4.89 million last month, ...
Interest Rate Roundup Home equity HeadlinesPublished on July 23, 2009, 5:00 am
Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts.
State debuts new-homebuyers help Real Estate - Residential stories from Crain's Chicago BusinessPublished on July 22, 2009, 7:01 pm
(Crain’s) — First-time homebuyers scrambling for a down payment can now get a financial boost from the state. The Illinois Housing Development Authority program rolled out its Illinois Home Start Loan Program Wednesday. It provides qualifying homebuyers with a 30-year fixed-rate FHA loan ...
Fixed-rate loan can cut risk Home equity HeadlinesPublished on July 21, 2009, 5:00 am
With interest rates likely to rise, locking into a fixed-rate loan may make sense right now.
Chicago Community Trust beats $1M fundraising target Real Estate - Residential stories from Crain's Chicago BusinessPublished on July 20, 2009, 4:10 pm
(Crain’s) — The Chicago Community Trust announced it surpassed a $1-million target to provide funds for shelters and pantries that have been overwhelmed by soaring demand. In an initiative launched late last year, the community foundation raised $1.3 million for its Unity Challenge ...
Mortgage mods for profit Mortgage Matters Blog HeadlinesPublished on July 20, 2009, 5:00 am
Mortgage rates have held fairly steady since the middle of last week.
A successful MHA refi Mortgage Matters Blog HeadlinesPublished on July 17, 2009, 5:00 am
A note, sent yesterday, from a reader named Matthew.
Wrong-headed regulators Mortgage Matters Blog HeadlinesPublished on July 16, 2009, 5:00 am
I have an article up today -- "Want to refinance? Know the details" -- in which I describe the Home Affordable Refinance program as confusing.
Interest Rate Roundup Home equity HeadlinesPublished on July 16, 2009, 5:00 am
Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts.
Rate trends and firecrackers Mortgage Matters Blog HeadlinesPublished on July 14, 2009, 5:00 am
A reader named Cindy asks: "Are mortgage rates predicted to go down next week? What things should I be considering before going ahead?"
Foreclosures? Let 'em rent Mortgage Matters Blog HeadlinesPublished on July 13, 2009, 5:00 am
In response to my blog post from last week, "Theodicy and mortgages," Michael Hilmen writes about artificially high home prices.
Weekly Rate Summary: July 02, 2009 (week ending) Freddie Mac Primary Mortgage Market SurveyPublished on July 2, 2009, 10:48 am
30 Year: null%, 15 Year: null%, 5 Year: null%, 1 Year: null%