Archive for foreclosed chicago real estate

Chicago Real Estate Enjoys Busiest March in Five Years

March was a real winner for Chicago real estate with nearly 1,900 existing single-family homes and condominiums sold; this makes it the busiest March since the boom times of 2008, according to the Chicago Tribune. And, while sales are rising, so are prices. Prices have experienced a 9 percent rise from last year, meaning the [Read More]

May 03, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Condos, Economy, Economy AOI, Featured, Single Family Homes

Chicago’s Vacant Property Ordinance Paying Off

While foreclosed and empty buildings are hurting our home values and neighborhoods, one ordinance has allowed the city to profit in a small way from its vacant Chicago real estate. In the first three months of the year, the city pulled in $619,000 in fines from more than 150 financial institutions that violated the vacant [Read More]

May 08, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago

Program Offering Forgivable Loans to Homebuyers

A new state program that aims to fill vacant metro Chicago real estate is up and running. The Illinois Building Blocks Pilot Program was formed to create affordable housing in six Chicago-area cities hit hardest by the foreclosure crisis. The program received $55 million from Illinois and Cook County to help stabilize the communities of [Read More]

March 13, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Cook County, Featured

Foreclosed Chicago Real Estate Being Sold in Federal Program

Since the housing bubble burst, the Chicago real estate market has been one of the hardest hit metropolitan areas. As a result, the Windy City is involved in a pilot program aimed at lowering the amount of foreclosed properties, and that pilot program has entered its second phase. The Federal Housing Finance Agency’s (FHFA) Real-Estate [Read More]

March 01, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Community Service
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