Archive for Apartments
NAHB Urging Congress to Keep Homeownership Affordable
The National Association of Home Builders (NAHB) is urging Congress to maintain its support for vital housing tax incentives, including the Low Income Housing Tax Credit, the mortgage interest deduction and real estate tax deductions, to meet the nation’s growing need for affordable rental housing and homeownership opportunities. U.S. Census data shows that more than [Read More]
Chicago New Homes Construction Expected to Rise in 2013
Construction is surging forward this year, and residential projects are attributed to the 7.4 percent expected rise in construction contract volume for 2013. Contracts for Chicago-area residential and commercial construction totaled $1.3 billion in the first quarter, up 19.3 percent from a year earlier, according to a new article in Chicago Real Estate Daily. Following [Read More]
Housing Starts Soaring Thanks to Apartment Demand
Nationwide housing starts surpassed the million unit mark for the first time since 2008 last month thanks to rocketing production of multifamily apartments. This is according to recently released figures from HUD and the U.S. Census Bureau showing that total starts activity rose 7.0 percent for the month due entirely to a 31.1 percent increase [Read More]
Luxury Apartments for Rent at 1225 Old Town
1225 Old Town is Chicago’s premier luxury apartment community, offering every apartment type from comfortable studios to impressive three-bedroom residences. A diverse array of floor plan options are available with stunning city views, state-of-the-art kitchens, quartz countertops and hardwood floors. 1225 Old Town offers luxurious amenities and everyday conveniences that make life easier for its [Read More]
Is the Rent Getting Too High on Chicago Real Estate?
As rent keeps on climbing, 2013 looks to be an even better year to be a landlord, and a more expensive year to be a tenant. The median net suburban rent rose to $1.19 per square foot in the fourth quarter of 2012, up from $1.18 in the third quarter and $1.14 a year ago. [Read More]
Wheaton: A Top Suburb with Stellar Schools and a Vibrant Downtown
Wheaton is one of three Chicago suburbs that had the honor of landing a spot in the top 100 of the CNN Money Magazine “Best Places to Live in the U.S.” list. Coming in at number 80 on the list, Wheaton’s wide range of local downtown merchants and restaurants, plus being the home of Wheaton [Read More]
