News / Features

The Studio Gang’s “Reverse Effect: Renewing Chicago’s Waterways” Hits Bookstores Next Month

On November 7, architect Jeanne Gang’s new book, “Reverse Effect: Renewing Chicago’s Waterways,” will be released. The book, developed by Studio Gang Architects’ publications division and the Natural Resources Defense Council (NRDC), is expected to aid in the transformation

This Week in Real Estate: Data Galore, Visas, and Splurge

A quick rundown of stats from our real estate news for the week of Oct. 24 – Oct. 28, by the numbers (with a Halloween

Chicago RPI Was Up in August and Contrary to National Trends

The latest Residential Price Index from FNC Inc., released October 20th, indicates that U.S. residential home prices declined in August by a seasonally adjusted rate of 0.8 percent, despite high level of sales during the

Study Claims MERS Destroyed the Chain of Title and Consequently, the Housing Market

David Woolley, a California licensed land surveyor and certified fraud examiner, is leading a new study in tandem with the Harbinger Analytics Group Real Estate Fraud Experts on the recently disbanded company, Mortgage Electronic Registration Systems (MERS).  The topic

Holes in the TARP for Community Banks

The Troubled Asset Relief  Program, or TARP, was a $750 billion infusion of cash into the U.S. financial sector, namely to banks addled by derivatives and other financial products. The largest recipients of TARP – Citibank, JPMorgan Chase, Wells

Three New Agents Added to Dream Town’s Dream Team

Three new agents were welcomed on to Chicago-based company, Dream Town Realty, real estate’s team this past September. The agents are Leo Kassin, a 20-year old Chicago Realtor; Carol Miller, a Realtor and designer; and Kerry Conroy-Jerger, who has

Challenges Await New CHA Chief Woodyard

Charles Woodyard, the new CEO of the Chicago Housing Authority (CHA), started his new post on Monday, taking over an organization facing considerable, immediate challenges. Woodyard is replacing disgraced former CEO Lewis Jordan, who resigned earlier this year after

Low Rates an Elusive Perk for Many Homeowners

What good are low mortgage rates if nobody can take advantage of them? That’s the main question of a recent piece by Derek Kravitz, an Associated Press economics writer. Though rates are at historical lows, underwater homeowners – a quarter

Pending Home Sales Index Retains Yearly Gains

Though the Pending Home Sales Index declined in September,  activity remains above a year ago, according to data from the National Association of Realtors (NAR). A forward-looking indicator that is based on contract signings, the index fell 4.6 percent

USGBC Illinois Chapter Defines the “Green Home”

On November 16, beginning at 5:30 p.m., the United States Green Building Council (USGBC) Illinois Chapter’s North/Northwest Suburban Branch will be hosting a presentation on the residential green real estate

Things to Consider When Contesting Property Tax Assessments

In the past, with home prices rising and assessments lagging behind, outdated home assessments have often worked to the benefit of the homeowner; however, with home prices falling from year to year, this is not always the case anymore.

Back to the Drawing Board for Bipartisan Housing Committee

The Bipartisan Policy Center has announced a new, bipartisan Housing Commission tasked with conducting a top-down analysis of the U.S. housing market and its long term trends. Co-chaired by two former U.S. Senators and two former heads of the

Hidden Problems Complicate Chicago’s Foreclosures

It all looks so nice – there were 8,515 foreclosure auctions in Chicago in the first half of 2011, a 51 percent decline from 2010’s 17,331. On top of that, auctions decreased 27 percent from the first quarter of

Fifield Companies and Wood Partners Break Ground on K Station’s Fifth and Final Installment — K2

Chicago-based Fifield Companies, and national developer, Wood Partners, announced they will begin construction on the K Station development’s fifth and final apartment building this month, K2 – seven years after ground broke on the first apartment tower in the

Sarah Susanka’s Not So Big Showhouse Hosts Media Preview

Media officials will be given the first opportunity to tour the “better, not bigger” housing design promoted by Sarah Susanka, FAIA, architect and best-selling author of the “Not So Big House” series. The preview event will take place on

Doug Fox Promoted to Managing Broker of Two Prudential Rubloff Offices

Doug Fox was named managing broker of the Lincoln Park Halsted and South Loop offices of Prudential Rubloff Properties, company principals Chris Eigel and Michael Pierson announced. “We are very pleased to announce [his] promotion,” Pierson said. “Doug is

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