Construction has begun on America’s premier upper-upscale Radisson Blu Aqua Hotel in the internationally-acclaimed Aqua tower in Chicago’s evolving Lakeshore East community. A joint venture of developer Magellan Development Group and Carlson, a global hospitality and travel company, the

Home prices in the metropolitan Chicago real estate market reached somewhat firmer ground in October even as the volume of homes changing hands continued to decline.  Both the median and average price of homes sold in the seven-county metro

“I am finding my short sales buyers are getting more and more impatient with banks and their response time. I have three buyers right now who have waited for nothing in return for 90-plus days and have begun to

The latest independent audit of the Federal Housing Administration shows the agency’s financial condition has improved from last year, when it announced its capital reserve fund had fallen below the 2 percent level mandated by Congress. The annual audit

The Homebuilders Association of Greater Chicago hosted yesterday its annual Key Awards dinner at Meridian Banquets in Rolling Meadows, Ill.

“The Key Awards recognize excellence in housing design, architecture, interior merchandising, landscaping, landscape architecture and remodeling,” according to HBAGC.com.

Awards were distributed on three levels, the Crystal Key Award, the Gold Key Award and the SAMMY Awards; with www.ChicagolandRealEstateForum.com providing real-time updates of the winners online.

According to a report from the National Association of REALTORS, the average homeowner’s net worth is approximately 41 times larger than that of the renter. Homeowners’ average net worth in 2010 ranged between $150,000 and $200,000 the report says,

At its Greenbuild Annual Conference & Expo today, the U.S. Green Building Council (USGBC) announced the launch of the Green Building Information Gateway (GBIG) Pilot for Illinois. The new gateway offers Greenbuild conference attendees three new resources for use

Builder confidence in the market for newly built, single-family homes improved slightly in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI rose one notch to 16 from a downwardly

When the mortgage crisis hit American homeowners full-force, companies offering “foreclosure rescue” and “loan modification” sprouted like weeds. Most promised troubled homeowners quick fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and

The Consumer Mortgage Bureau has developed two new designation programs to define the Mortgage Industry in the wake of the S.A.F.E. Mortgage Licensing Act of 2008: the Registered Mortgage Professional (RMP) and the Licensed Mortgage Professional (LMP). On July

Fully half of metropolitan areas tracked in the third quarter continued to show modest home price increases from a year ago, despite a sharp decline in home sales after the deadline for the home buyer tax credit, according to

The Council of Residential Specialists inducted its 2011 leadership team during its inaugural dinner and awards ceremony on Nov. 6, 2010, in New Orleans during the National Association of Realtors Conference & Expo. Frank Serio, CRS, CRS, CRB, Mark

On Feb. 22, Chicago residents be able to cast their vote for the new mayor of Chicago. However, based on what you know right now, we want to hear who Realtors will be voting for when the time comes.

by Zipporah Porton One of the biggest incentives for homeownership right now is the subsequent tax deduction. However, a new reform might eliminate this opportunity. The National Commission on Fiscal Responsibility and Reform, a bipartisan commission President Obama created

Every fall, parents wave goodbye as their college-bound kids pack up their belongings, make the drive down university lane and prepare for football games, mid-terms and freedom. While college living is often associated with dorms and campus housing, Coldwell

Veterans Day is an annual U.S. holiday for honoring our military veterans. The federal holiday is observed on Nov. 11 every year, and is also known as Armistice Day or Remembrance day throughout the world. The date is significant,