After much debate, and many proposals passed, demolition on the Lincoln Park Hospital, which closed down in 2008, has finally begun. While some still strongly oppose this plan, this may be as good as it’s going to

Standard & Poor’s (S&P), the mammoth credit rating agency whose questionable ratings of risky credit derivatives are blamed for the 2008 financial crisis, is currently under investigation by the Securities and Exchange Commission (SEC) for ratings it gave to

The number of active mortgage originators declined for the fourth year in a row, a sign that economic conditions may not yet be ideal for sustained economic growth. According to the Federal Financial Institutions Examination Council (FFIEC), which tracks

Coldwell Banker Residential Brokerage named Beth Martin, a member of the Lake Forest team, as the new marketing coordinator for the North Shore

The saga of One Museum Park West, the 53-story South Loop condominium project, continues; after facing a litany of setbacks that delayed the project for years and losing the backing of more than half the building’s buyers, developers Ronald

According to a new report from noted research firm CoreLogic, the shadow inventories for U.S. residential housing continued their downward slope in July, falling to 1.6 million units, or a five-month supply of homes. Shadow inventory properties that are

Property values are declining throughout the Cook County suburban areas, but property owners should not expect lower bills; rather, they can anticipate higher bills, as government bodies are raising taxes to shore up budget deficits. According to a detailed

The Chicago Housing Authority (CHA) approved plans to redevelop the Lathrop Homes site in Hamlin Park as part of the CHA Plan for

The Illinois Housing Development Authority has enacted a new mortgage assistance program, called the Illinois Hardest Hit Fund, for unemployed and underemployed Illinois and Chicago

Standard & Poor’s (S&P) has just released the findings of its latest Case-Shiller Home Price Indices, the leading measure of U.S. home prices that charts monthly price trends in the housing market. The newest report, which surveys home prices

The National Association of Realtors (NAR), Mortgage Bankers Association and the National Association of Home Builders have stepped up their lobbying efforts to Congress in recent weeks to fight the planned expiration of the federal loan limit size increase

Representatives from both the Mortgage Bankers Association (MBA) and the Department of Housing and Urban Development (HUD) are asking the government to renew an $88 million fund for HUD non-profit counseling that was cut in recent budget negotiations. “This

Newly-released data from the Census Bureau shows that though new home sales continued their sideways trend, declines were slight and above both analyst predictions and year-over-year sales. August 2011 sales were at 295,000, a 2.3 percent decline from July

Chicago real estate was abuzz when rumors swirled that Rosie O’Donnell was scouting properties in the Lakeview area, and now it appears that those rumors have been

This is an interesting yet shocking statistic: LeapRE found that a whopping 38 percent of listings in the MLS only have one photo that show the property. Yes, 38 percent – not quite almost half of all listings –

Consumption was big in This Week In Real Estate, as we saw stories involving a merger of two local Realtor associations, better-than-expected home sales and the first movie showing in