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Real estate news in Chicago

Family Ties Give RE/MAX Broker Personal Stake in Aiding Children’s Memorial Hospital this Holiday Season

Dick Wilson, broker/owner of RE/MAX Associates West in Bartlett, Ill., has always encouraged the fundraising efforts that RE/MAX Northern Illinois undertakes for the benefit of Children’s Memorial Hospital in Chicago. This year, though, Wilson has a far more personal

Fannie and Freddie to Suspend Foreclosure Evictions for the Holidays

Freddie Mac and Fannie Mae, the two government-controlled mortgage entities, have announced that they will freeze all foreclosure evictions on mortgage loans they own or back from Dec. 20, 2010 through Jan.3, 2011. “If the property is occupied, our

HUD Announces $11 Million in Community Development in Cook County

U.S. Housing and Urban Development Secretary Shaun Donovan today announced Cook County will receive more than $11 million to support community development. “This funding provides the building blocks needed to improve communities,” says Donovan. “Now, more than ever, these

Kouf Appointed Managing Broker of Prudential Rubloff – South Loop

Michael Pierson and Chris Eigel, principals of Prudential Rubloff, are pleased to announce the appointment of Wayne Kouf as Managing Broker of the firm’s South Loop office. The office is located at 80 West Harrison Street in

Sperry Van Ness to Conduct ‘Absolute Online Real Estate Auction’ of High Visibility Retail Property in Metro Chicago Area

Sperry Van Ness Commercial Real Estate Advisors are offering a 5,563 SF Retail Building on a 32,060 SF Site with 163’ of frontage on high visibility Cicero Avenue, in Alsip, IL with a daily traffic count of 47,000 cars

Savoy Square Celebrates Grand Opening in Bronzeville

Chicago’s historic Bronzeville neighborhood has experienced a rebirth over the past decade with private and public investment fueling the creation of new housing, commercial development, schools, and parks. This afternoon, neighbors and public officials were on hand to celebrate

Windsor Lifestyles’ Helpful Services Enable Seniors to Live Independently in Their Own Homes

Homeowners who wish to remain living independently in the homes they know and love now have an invaluable resource they can turn to: Windsor Lifestyles, a company that offers helpful in-home concierge and home maintenance services to anyone in

Homes Designed for the Holidays, and All Year Long

As we are in the thick of the holiday season, many buyers who shop for a home during this time of year naturally have entertaining at the top of their mind, with visions of festive parties dancing through their

Chicago Home Prices Fall 1.5 Percent in Q3, According to S&P/Case-Shiller Analysis

According to the latest S&P/Case-Shiller report released today, Chicago’s Home Price Index dropped to 124.76, down 1.5 percent from last quarter and 5.6 percent from 2009. Nationally, the Home Price Index dropped two percent from last quarter to

Housing Remains Highly Affordable for Seventh Consecutive Quarter

Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as interest rates dipped below 5 percent for the first time since the series was first compiled nearly two decades ago, according to the National Association

Mortgage Purchase Applications Increase in Latest MBA Survey

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending November 19, 2010.  The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one

Study Finds That Real Estate Agents are Likely to be Cat Owners

A new survey from CareerBuilder discovered that the type of pet you own says a lot about you – and your job. On the whole, those in the real estate profession tend to be cat owners. The survey looked

The Bright Side of Housing: Home Affordability Soars in Metro Chicago Real Estate Market

The affordability of a classic single-family home has improved by 66 percent in the seven-county metropolitan Chicago real estate market over the last five years, according to a review by RE/MAX employing the traditional measure of home affordability developed

Lifelong Renters Salute the Move to Homeownership at Midlane Club in Wadsworth

After decades of frequent moving because of their careers with the U.S. Navy, James and Rebecca Deshazor were finally ready to settle down so James could enjoy his retirement from the service and Rebecca could prepare for hers next

First-Time Homebuyers Can Reap Major Savings at River Place in South Elgin

Contrary to popular belief, there’s never been a better time to purchase a new home—as evidenced by historically low interest rates and a variety of attractive financing options available. These loan programs and tax credits are specifically designed to

Illinois Home Sales Activity Up Year-to-Date

October continued the trend of median price growth in the majority of Illinois counties: sales were lower due to seasonal and residual tax credit factors and year-to-date sales remain positive even as the economy and foreclosures slow the recovery.

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