Housing Bulletin

2 years
ago

 

Illinois Legislators Want Property Tax Freeze

Illinois lawmakers are dogpiling on a situation that seems paradoxical: property taxes going up when home values are down. As a result, they have introduced five different pieces of legislation calling for property tax freezes…

2 years
ago

504 South Loop Condos Get a Reboot

Three South Loop condo buildings, left with so many unsold units in the bust years that they were vertical ghost towns, are being brought back to life together by a company that bought 504 units from their original developer in a “deed in lieu of foreclosure” deal…

2 years
ago

Cook County Land Bank Gets Underway

Vacant foreclosed properties dot the map of Chicago and its surrounding suburbs. So think of the new Cook County land bank as housing’s Georges Seurat; it’s trying to arrange all those individual dots into something new and better…

2 years
ago

Battling over a Moldy Oldie in Beverly

Last August, David McClain and Sanaa Hachem paid $475,000 for a 106-year-old house in Beverly. They knew the place was in bad condition, but they expected to spend about $175,000 and six months restoring the home. “We were excited to do this renovation,” Hachem said….

2 years
ago

 

Chicago Fares Poorly in National Real-Estate News

If your Twitter feed is anything like mine, it seemed to be in two moods on Tuesday morning. Shortly after the release of the latest monthly data from the S&P/Case Shiller Index, the tweeting started—“Home Prices Continue to Rise: Housing is Now Economic ‘Bright Spot’” was the tone of the national news…