Better Chicago housing market getting sellers off the fence
Forty percent fewer homes were available for sale in the nine-county Chicago area in April than a year ago, leading to higher sales prices. That, in turn, is prompting more...
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Mortgage settlement brings relief to 25K in Illinois
More than 25,000 Illinois residents have received approximately $1.8 billion from the landmark national mortgage settlement, but servicer compliance with the pact remains an issue for several companies, according to...
Deal bolsters prospects for stalled marina project
A stalled residential marina development in Blue Island has been purchased by a south suburban company that built its name rehabbing foreclosed homes. Tinley Park-based Mack Cos. acquired 27 acres...
Deal bolsters prospects for stalled marina project
A stalled residential marina development in Blue Island has been purchased by a south suburban company that built its name rehabbing foreclosed homes. Tinley Park-based Mack Cos. acquired 27 acres...
Condo, apartment developers using design psychology
The eclectic collection of framed art hanging in a condo hallway was carefully chosen and included a mix of sketches, pictures of insects and a poster that simply said "cinema."...
Mortgage rates climb on strong economic reports
Mortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year...
Redfin’s valuation tool puts homeowners in driver’s seat
For the past six years, the question "what's my home worth" caused homeowners to wince. With some optimism now in the real estate market and more transactions occurring than have...
Redfin’s valuation tool puts homeowners in driver’s seat
For the past six years, the question "what's my home worth" caused homeowners to wince. With some optimism now in the real estate market and more transactions occurring than have...
REIT to snap up more local foreclosures with IPO cash
An Arizona-based firm keen on owning foreclosed homes in the Chicago area and elsewhere as rental properties began trading Thursday on the New York Stock Exchange.American Residential Properties Inc., Scottsdale,...
Foreclosure auctions rise in Cook County
Almost 3,000 residential properties in Cook County were scheduled for foreclosure auctions in April, a level not seen since August 2010. The 2,945 scheduled residential auctions compares with 1,563 in...