Chicago-area home prices lose ground again
For a second month, home prices in the Chicago area lost more ground than those in any of the 20 housing markets in the S&P/Case-Shiller home price index. In November,...
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2014 home prices jumped in Chicago even as sales fell
Median home prices in the Chicago area beat their year-earlier comparison every month in 2014 but the same can't be said of home sales, which dropped in every month but...
Ken Griffin’s $30 million summer condo buying spree
Billionaire Ken Griffin didn't buy just one full-floor condo in the Waldorf Astoria Chicago building last year. He bought two, spending almost $30 million. As the Tribune recently reported, Griffin...
Chicago City Council holds off on affordable housing rules
A proposed ordinance designed to boost the supply of affordable units in market-rate condominium and apartment developments was deferred without discussion at Wednesday's Chicago City Council meeting. The changes to...
Canadian Pacific seeks new use for Schiller Park intermodal site
More than two years after it closed an intermodal facility in Schiller Park, Canadian Pacific is advancing plans to find another use for its 75 acres near O'Hare Airport as...
Lenders criticize consumer agency’s mortgage tool
An online, interactive mortgage tool for consumers sounds pretty simple and straightforward, but the Consumer Financial Protection Bureau's recent development of one hasn't been particularly well-received by the lending community....
Foreclosures decline, driving up prices
Tanis Group Realty's quarterly bus tours of foreclosed homes for sale still draw a big crowd of potential buyers but the pickings just aren't what they once were and the...
30-year mortgage rate falls to 3.66 percent; 15-year below 3 percent
It's been another good week for prospective homebuyers and mortgage refinancers, as average fixed mortgage rates slipped for the third consecutive week, according to Freddie Mac. The agency's weekly survey...
Tougher affordable housing proposal heads to City Council
Mayor Rahm Emanuel's administration made a few last-minute changes to a proposed affordable housing ordinance Tuesday night, seeking to garner more developer support for the proposal. It didn't work but...
Exterior replacement projects offer best bang for buck
Remodeling a home this year may not pack quite the punch it has during the past few years. While costs for the work have continued to increase, the payback in...