Archive for May, 2012

Oprah Selling Chicago Condo, Ex-Sox Thome Buying Burr Ridge Mansion

Two Chicago area celebs have made real estate news. One is trying to unload a property while the other just purchased a new home. Oprah Winfrey has slashed the price on her Chicago condo located at 199 East Lake Shore Drive. Originally purchased for $5.6 million back in 2006, the 3-bedroom, 4-bathroom co-op now sits [Read More]

May 31, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Cook County

$1 Billion Wolf Point Project Meets Opposition

Yesterday, Chicagoland Real Estate Forum released the details concerning the $1 billion development for the three tower project located on Wolf Point. The property, located where the Chicago River’s north and south branches meet, sits on 3.9 acres just southwest of the Merchandise Mart. 42nd Ward Alderman Brendan Reilly hosted a community meeting to release information [Read More]

May 31, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Cook County

Don’t Fall to Foreclosure: Get Help First

The national, Illinois and Chicago real estate markets are all still dealing with high foreclosure rates, though the numbers are larger closer to home. According to the CoreLogic National Forelosure Report for April, about 1.4 million homes nationwide, or 3.4 of all U.S. homes with a mortgage, were in the national foreclosure inventory last month. [Read More]

May 31, 2012 | Author: Tracey | Comments: (0) | Categories: Economy, Events, Featured, In the Burbs, Mortgages

$1 Billion Chicago Real Estate Plan Proposed

‘Camelot’ wants to invest billions in Chicago real estate. The Kennedy family has plans to construct a residential tower and two office buildings on the historic bank of the Chicago River in a project that would cost more than $1 billion. On Tuesday, Kennedy Enterprises and its development partners, Hines Interest LP and Magellan Development [Read More]

May 30, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News

First Time Homebuyers Should Know the Pleasure and Peril of Co-Signing

While this market may be one of the best we’ve ever seen as far as incredibly low interest rates and a wide variety of foreclosures on market, the requirements for mortgages are still very tough. This can be especially hard for first time homebuyers with shorter credit histories, but the Equifax Finance Blog has an [Read More]

May 30, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Economy, Mortgages

While Home Prices Decline, Rents Rise

While home and condo sales in the Chicagoland area have been stuck in the mud, the rental market continues to thrive according to a report by the National Association of Realtors® (NAR). The report finds that all major commercial real estate sectors are improving with the apartment rental sector fully recovered and continuing to grow. [Read More]

May 30, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Economy
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