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Housing Bulletin

Cook County Land Bank Gets Underway

2/13/13

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...

Posted at 9:35 a.m. in Housing Bulletin | Permalink | Comments (0)

Battling over a Moldy Oldie in Beverly

2/6/13

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....

Posted at 9:35 a.m. in Housing Bulletin | Permalink | Comments (1)

1/30/13

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...

Posted at 10:30 a.m. in Housing Bulletin | Permalink | Comments (0)

Are Chicago Sellers Just Tired of Losing?

1/23/13

Are Chicago Sellers Just Tired of Losing?

The year-end real-estate data has been rolling in for the past week or so, and much of it is encouraging. But there’s something that bugs me—and, I believe, a lot of sellers or potential sellers...

Posted at 10:00 a.m. in Housing Bulletin | Permalink | Comments (2)

First-Time Landlords Provide a Lesson for Other Would-Be Investors

1/16/13

First-Time Landlords Provide a Lesson for Other Would-Be Investors

Last year, Chris Thompson, a 29-year-old IT consultant based in the south suburbs, told his grandfather, Don Clinkert, he was thinking of getting in on the foreclosure-to-rental investment scene. Clinkert said he’d been considering doing the same...

Posted at 9:35 a.m. in Housing Bulletin | Permalink | Comments (0)

Why Are Pilsen and Bronzeville Redeveloping at Different Speeds?

1/9/13

Why Are Pilsen and Bronzeville Redeveloping at Different Speeds?

Chicago’s Pilsen and Bronzeville neighborhoods have a lot in common. They are both near the Loop, have lots of public transportation, and, after decades of disinvestment, offer plenty of residential and commercial buildings ripe for renewal...

Posted at 9:35 a.m. in Housing Bulletin | Permalink | Comments (3)

Group Turns Around Distressed Properties—and Peoples’ Lives

1/2/13

Group Turns Around Distressed Properties—and Peoples’ Lives

Houses and condos that lenders take over in foreclosure often need a lot of help getting turned around into habitable places again. For one Skokie-based not-for-profit, cleaning those homes provides an opportunity to repair something else at the same time: the lives of its employees...

Posted at 9:35 a.m. in Housing Bulletin | Permalink | Comments (1)

12/19/12

Chicago’s Midrange Homeowners Taking the Hardest Hits

When Zillow announced last week that Chicago is the country’s number one market for homebuyers, I snarkily replied on Twitter that, by the same token, Chicago is the number one place where sellers are taking it in the shorts. Two reports out that same week backed me up...

Posted at 9:35 a.m. in Housing Bulletin | Permalink | Comments (0)

12/12/12

Hard-Hit Homeowners Getting More Aid from Illinois

The web of assistance for struggling Illinois homeowners got a little stronger after a pair of announcements from the Illinois Housing Development Authority (IHDA) last week...

Posted at 10:23 a.m. in Housing Bulletin | Permalink | Comments (0)

Winnetka’s Maverick House Back on the Market

12/5/12

Winnetka’s Maverick House Back on the Market

One of the quirkiest houses on the North Shore—with light fixtures carved from wooden salad bowls, a Western-themed mural above the living room, and a distinctly offbeat fence—came back on the market this month, five years after it went up for sale for the first time since it was built more than 90 years ago...

Posted at 12:08 p.m. in Housing Bulletin | Permalink | Comments (1)

About This Blog

Deal Estate: The Blog is the online extension of Chicago magazine’s monthly “Deal Estate” column, which is written by Dennis Rodkin. On the blog, Rodkin—who has been covering the local housing scene for Chicago since 1991—provides timely updates on new homes to hit the market, recent high-end sales, and other residential real-estate news from the city and suburbs.

Got a hot housing tip? Contact Rodkin at dennis@rodkin.com.
Follow Dennis on Twitter at twitter.com/dealestate
And with our friends at CLTV's HomesPlus

 

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