Some gloomy numbers loomed over the real estate market this week when national home sales and prices dropped, while mortgage rates creeped up.
“Demand to buy homes is really weak,” said Patrick Newport, economist at IHS Global Insight.
Articles tagged with: real estate
Written By: Eleanor Goldberg on January 30, 2010
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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.
Written By: meganmollmann on July 30, 2009
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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 [...]
Written By: meganmollmann on July 15, 2009
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Flickr.com/Nathan Rein
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Every American dreams of one day owning a multimillion dollar estate, but following the nation’s housing crisis, even Chicago’s ritziest real estate properties are struggling to find a buyer.
A few have even [...]
Written By: KatieRogers on July 15, 2009
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Flickr.com/Afagen
BY KATIE ROGERS — MEDILL NEWS SERVICE
In the grand tradition of Chicago traditions, yet another of the city’s most famous landmarks will undergo an official name change Thursday.
The Sears Tower will become Willis Tower, and the switch will be made permanent July 16 in a ceremony that will officially recognize [...]
Written By: kateshellnutt on June 2, 2009
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(Kate Shellnutt/MEDILL)
BY KATE SHELLNUTT – MEDILL NEWS SERVICE
You didn’t have to look at your calendar yesterday to realize it was June 1—the start of moving season, when leases expire and Chicagoans move in and out—you could have just looked out your window.
U-Haul vans and moving trucks, back [...]
Written By: kateshellnutt on May 20, 2009
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BY KATE SHELLNUTT – MEDILL NEWS SERVICE
Real estate agents can find themselves in scary situations; for example, all alone in an empty house.
So companies, like @properties in Chicago, and industry groups across the country are doing more to emphasize safety and self-defense.
Agents are often working on their own and [...]
Written By: kateshellnutt on May 5, 2009
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Through the Chicago Green Homes program, the city suggests environmentally friendly ways for locals to make home improvements. (City of Chicago site)
BY KATE SHELLNUTT - MEDILL NEWS SERVICE
Green building experts say 2009 has brought ups and downs to the industry—a new administration in the White House offers more favorable environmental [...]
Written By: kateshellnutt on April 28, 2009
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BY KATE SHELLNUTT - MEDILL NEWS SERVICE
The Treasury announced new incentives Tuesday for lenders to modify second mortgages in an effort by the Obama administration to further help troubled borrowers. Mortgage experts say the plan’s expansion, which taps into a $50 billion rescue fund, may not be enough to help the [...]
Written By: kateshellnutt on April 27, 2009
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As spring begins, companies that treat and build decks are seeing steady business in Chicago, as city-dwellers begin to spend more time on their decks. Kate Shellnutt/MEDILL
BY KATE SHELLNUTT – MEDILL NEWS SERVICE
After a freezing winter in Chicago, locals are eager to enjoy their outdoor living spaces, and they’re willing [...]
