Redeveloped landmark wins Good Neighbor award
When it was built in 1930, the uniquely shaped building at Milwaukee, Kimball and Diversey avenues was the Art Deco home for the corporate offices of Hump Hairpin Manufacturing Co....
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30-year mortgage rates dip to 3.66%; 15-year at 2.95%
After ticking up last week, the average rate on a 30-year, fixed-rate mortgage headed down this week, setting another new all-time low of 3.66 percent for the benchmark interest rate.That...
Chicago-area home prices post first gain in 50 months
It took 50 months to happen, but the median selling price of a home in the Chicago area posted a year-over-year gain in May. With the city of Chicago, the...
Trump turns to tower’s commercial space
Declaring that things are getting better in Chicago, Donald Trump is moving forward to fill the empty commercial portions of his Trump International Hotel and Tower. Celebrity hairstylist Anthony Cristiano...
Cook County land bank committee proposed
Two members of the Cook County Board took the first step Tuesday toward creating a countywide land bank to handle the abundant supply of vacant, abandoned, tax-delinquent and foreclosed homes...
Local credit default rates fall for 5th straight month
Consumer credit default rates in the Chicago area fell for the fifth consecutive month in May, but remain higher than the national average. In May, 1.85 percent of consumer loans...
Pew: Checking accounts still too complex, fees too high
A year after detailing potentially harmful practices related to checking accounts, new research by The Pew Charitable Trusts found there have been few moves toward transparency by banks and credit...
The Wal-Mart effect on home values
Wal-Mart Stores Inc. frequently faces a lot of opposition when it announces plans to enter a community, with critics complaining the store will hurt small businesses, put a damper on...
30-year mortgages dip to 3.67%, 15-year to 2.94%
Mortgages rates continued their downward trend this week, falling for the sixth consecutive week to all-time lows for both 15- and 30-year fixed-rate loans.The average fixed interest rate on a...
Wary homebuyers taking wait-and-see approach
Worries about another delay in the housing market's recovery are not dispelled by a new survey on consumer's attitude toward homeownership. Fannie Mae's latest national housing survey, taken in May...