Home sales fall sharply in August
Sales of existing homes in the Chicago area fell more than 13 percent in August, the biggest monthly year-over-year decline since June 2011, according to data released Monday.The Illinois Association...
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New parking policies driving transit-oriented development
If you live in a walkable neighborhood, with easy access to public transportation, goods and services, how much do you need, or want, a car and a place to park...
Mortgage rates jump to 4-month high
Average fixed mortgage interest rates had their biggest one-week jump of the year this week, bringing them to levels not seen since early May.The increases followed several ho-hum weeks with...
High-end condos point to rebounding market in downtown Chicago
Tuesday's ceremonial groundbreaking for a condominium building in Chicago's Gold Coast neighborhood was a long-awaited sight and sign, even if the project will have just 35 units. The $80 million...
Got HAMP? If so, your mortgage may increase soon
There is a fair amount of payment shock headed toward select groups of homeowners with mortgages. The reckoning has already started for people who took out home equity lines of...
Alleged Aurora mortgage scammer pleads not guilty to fraud
The man allegedly at the center of a sophisticated mortgage rescue scam in the Aurora area pleaded not guilty to federal fraud charges Wednesday in U.S. District Court in Chicago....
Judge OKs Spire developer’s request to find financial backers
Chicago Spire developer Garrett Kelleher is free to pursue other financial backers to try and get his company out of bankruptcy and potentially restart the project. U.S. Bankruptcy Court Judge...
Suburban Cook home price gains pass those of Chicago
Second-quarter single-family home prices rose more in suburban Cook County than in the city of Chicago, the first time that has happened since early 2013 and possibly a sign that...
Chicago SRO proposal: Help the poor or write a big check
Chicago's efforts to preserve single-room-occupancy hotels could force existing building owners, as well as buyers, to follow a lengthy and potentially expensive list of mandates that includes giving some displaced...
Spire developer looks at additional financial backers
Chicago Spire developer Garrett Kelleher wants to widen his search for money that will get his company out of bankruptcy and potentially restart work at the famed hole in the...