Magazine archive: Housing Bulletin

Aid for Illinois Homeless Programs Is Running Out

An Illinois program that has a solid track record of preventing families from becoming homeless due to temporary crises in their finances is about to run out of money. The Illinois Homeless...

Former Tribune CEO Randy Michaels Sells at a Loss

Former Tribune CEO Randy Michaels Sells at a Loss

List Price: $889,000
Sale Price: $810,000
The Property: On Friday, the former Tribune CEO Randy Michaels sold his top-floor condo at...

Going Green Made Easier

In 2008, Laura Reedy Stukel set out to do an environmentally sensitive rehab of her Elmhurst home. “I spent two hours a night for months researching windows and whatever,” she recalls. “It...

Zillow’s Third-Quarter Report on the Chicago-area Housing Market

It’s hard to be a glass-half-full person about real estate with five years of declines behind us and at least another year of bleakness in the forecasts. But the third-quarter data released by...

Chicago’s Haunted Real Estate

Chicago’s Haunted Real Estate

These are scary times in real estate, with the ghosts of our homes’ lost value spreading gloom. But a few houses around Chicago are rumored to be truly haunted. Here’s a look at four of them,...

US99’s Drew Walker Puzzled by His Cook County Property Taxes

US99’s Drew Walker Puzzled by His Cook County Property Taxes

Late this summer, when Drew Walker and his wife, Jill, got the latest installment of the bill for their 2011 property taxes, they noticed that the assessment on their house had gone up 17 percent...

Why Do You Keep Paying Your Mortgage?

We’re five years out from the beginning of the housing market’s crash, and home values are lingering at about where they were in early 2002. Many forecasts predict the dark clouds will stay...

Chicago’s Clogged Foreclosure Process—and a Cusack Sells in Lincoln Park

Chicago’s Clogged Foreclosure Process—and a Cusack Sells in Lincoln Park

In Chicago, Milwaukee, Detroit and Indianapolis, the rate of homes going into foreclosure is about the same. But according to a new study by analysts at the Federal Reserve Bank of Chicago,...

Are We Still Looking for the Bottom?

Last week, while I was on vacation, the release of the latest monthly Case-Shiller home price index brought a glimmer of good news: in July, for the third month in a row, local home prices were up....

A Post-Peak Look at the Suburbs

Last week, using data from our annual real-estate charts—the latest installment is featured in the October 2011 issue of Chicago, on newsstands now—I revealed which city neighborhoods have seen...