This Week in Chicago Real Estate: Underwater mortgages in Chicagoland, Dwayne Wade’s new Gold Coast home, and more

by Rachel Popa


Lots of exciting things happened this week in the world of real estate. Top stories this week included underwater mortgages in Chicago, Dwayne Wade’s new rental mansion in the Gold Coast, and more.

If you missed any of this week’s top news, catch up with our weekly real estate news roundup:

Fifty percent of homeowners have underwater mortgages in two dozen Chicagoland ZIP codes – Parts of Chicagoland remain plagued by underwater mortgages. Chicago Real Estate Daily’s Dennis Rodkin sifts through the depressing stats, which show that for many areas, the housing recovery has yet to happen.

Dwayne Wade rents 11,000 square-foot mansion in Gold Coast – Now that he’s playing for the Bulls, it only makes sense for Dwayne Wade to rent a beautiful Gold Coast mansion. Check out the details here.

Tips for renters turned first-time homebuyers – Are any of your renter clients considering buying a home? If so, consider these tips from Rob Rimeris, the owner of EverSafe Moving Co., in an op-ed for Realtor magazine.

The value of $100 in each state – How far does your clients money go? A new analysis from the Tax Foundation has arrived at some interesting conclusions on how the 50 states compare. Check out how your area compares here.

Changing foundation types – Are basements becoming less common in new construction? A new report from the NAHB would surely seem to suggest so.

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