Saving Techniques

How are your fellow Chicagoans saving money? Jeniece Pettitt talked to people in Daley Plaza to find out.

Present-day and next-generation investment industry leaders debated future of funds at the Kellogg School of Management’s private equity and venture capital conference in Chicago, with the conversation returning to value creation.

Andrew Ross Sorkin speaks to Chicago audience Feb. 9. Photo by Chris Guillen

It was Tuesday evening in Chicago, and though you may have watched him co-host CNBC’s Squawk Box from New York that same morning, there was Andrew Ross Sorkin giving a talk about Wall Street and his new book, “Too [...]

Four of the city’s real estate all-stars—an appraiser, investor, academic  and analyst—spent a little over two hours bemoaning the industry’s bleak 2010 fate at Thursday’s Chicago Association of Realtors Forecast. Then, they boiled their complicated, chart-heavy predictions into a bookmark-sized Letterman-esque top 10 list.

Megan Mollmann/MEDILL

BY MEGAN MOLLMANN – MEDILL NEWS SERVICE

New, single-family home sales beat analyst expectations and surged 9.6 percent in July from the previous month, the Census Bureau said Wednesday.

Sales were at a seasonally adjusted annual rate of433,000 compared with the revised June rate of 395,000. Economists surveyed by Bloomberg LP forecasted [...]

By KELLEN M. HENRY and JORDAN MELNICK– MEDILL NEWS SERVICE

Vice President Joe Biden and Secretary of Health and Human Services Kathleen Sebelius hosted a roundtable discussion about health care reform, announcing a $1.2 billion award of stimulus funds for electronic records at the Sinai Community Institute on Thursday. Listen below as [...]

Chicago foreclosure activity counts by zip code/Realtytrac.com

BY MEGAN MOLLMANN – MEDILL NEWS SERVICE

Foreclosures increased 7 percent nationwide in July, according to Realtytrac.com. Illinois came in fifth place for total foreclosure activity, with 14,524 properties receiving a foreclosure filing, and default notices skyrocketed 86 percent during the month, said Realtytrac in a press [...]

BY MEGAN MOLLMANN – MEDILL NEWS SERVICE

Although there was good news this week that housing prices are on the rebound, the aftershocks of the housing bubble are still being felt.

Chicago’s foreclosure rate shot up 30.3 percent in the first half of 2009 compared with January through June of 2008, according to a [...]

Unemployment self-portrait by Diego Cupolo/Flickr.com

BY KATIE ROGERS – MEDILL NEWS SERVICE

On the heels of Tuesday reports indicating green shoots in the Chicago area housing market, and the Fed’s Beige Book Wednesday suggesting a slightly more optimistic economic outlook, The Bureau of Labor Statistics released a bleaker [...]

RealtyTrac.com/Estimated Chicago home values from Nov. 2006 -June 2009

BY MEGAN MOLLMANN – MEDILL NEWS SERVICE

Home prices in the Chicago metropolitan area rose 1.1 percent in May from April of this year and ended a 10-month spree of falling home values, according to the the Standard & Poor’s/Case-Shiller index report released [...]