As result of the changes that have been occurring in the mortgage industry over the past several months, many homeowners are finding it hard to keep up with their home loan payments. Delinquency and foreclosures are widespread, creating a situation that affects both the consumer and the lender. We know…
The latest data show the housing supply nationwide has slowed its pace and is not going up as rapidly as it has in the past. Home inventory levels are still considerably higher than they were at this time last year, but the recent slow down is good news. Inventory in…
Unlike any other real estate market measure before it, the Residential Property Index (RPX) is a brand new gauge of the national housing market that will be calculated on a price per square foot basis. It will still focus on the large metropolitan areas, as do other indexes, but the…
Meigs airfield was officially opened in 1948 on the partially man-made strip of land off the shoreline behind the Museum Campus on Chicago’s south side. For almost 50 years small aircraft was able to take off and land at Meigs, until 1994 when Mayor Daley announced his intentions to shut…
Last time, we discussed the importance of allowing extra time to sell your home as the current market is showing a nationwide trend toward longer listing times. For Chicago and surrounding areas, the 2007 first quarter average was 131 days for detached houses, according to recent numbers from the Multiple…
It’s been the trend for some time now that residential real estate takes longer to sell. A large supply of homes and changes in mortgage practices and approvals are a couple of the factors influencing this tendency toward extended time on the market. But why it takes longer isn’t so…
Wednesday this week was an unusually festive one as the nation had more reason to celebrate than the typical “hump day.” Yes, it was Fourth of July – fireworks, stars and stripes, the Taste of Chicago, backyard barbeques just a little birthday party for the good old U.S. of A. Countrywide…
I think we were all excited to hear Chicago beat out Los Angeles as the U.S. city hopeful to host the 2016 Olympics. It would be the biggest event to hit our Midwestern town since the World’s Columbian Exposition over 100 years ago, which, interestingly enough, was also held on…
Can purchasing a condominium in Chicago actually provide a healthier lifestyle? It may seem unconventional, but a new residential development in the city’s River North neighborhood plans to do just that. With the large number of Baby Boomers getting to a time in their life when physical health is an…
If you are in the market to buy your first home, it’s important to be prepared financially for what is most likely the biggest purchase you’ve ever made. Before you do anything, it’s essential to get a credit assessment to find out what your FICO score is. What’s a FICO…
If you’ve been through the South Loop lately you’ve probably noticed some activity near the corner or Roosevelt and Clark. For the past couple of months, construction crews have been prepping the land for a brand new development that will bring 1,000 condos to the area in addition to a…
It’s been a few weeks since I’ve written in here! The market has really picked up this month- not surprisingly- so I’ve been slammed. I keep hearing the media saying how the market is down, and if that’s the case then why am I so tired? Anyway, when trying to…
If you’re nostalgic for a home with old world charm that still fits your contemporary lifestyle, take a tour of the historically significant 1856 Century House at 4362 W. Grace Street in Irving Park.
There are those homeowners who love cubbyholes and nooks, and then there are those who admire clean lines, open space and modern edge. If the latter describes what you’re looking for, then take a drive by 4511 North Wolcott in Ravenswood.
When you crave natural light and luxuriously open indoor spaces, a typical cubbyhole condo simply won’t do. If you’re looking for a high-class home that lets the outdoors in, visit the exquisite corner townhome at 2701 N. Greenview.
Are you the king (or queen) of home entertaining? Looking for a new home that inspires a little zen? Then you owe yourself a tour of 3117 North Hoyne in LakeView.