Readers ask questions, and our real estate expert answers. This week, a reader named Paul asks if he and his new wife—who walked away from a house a few years ago—can buy a house even though her credit is damaged.
List Price: $1.45 million
Sale Price: $1.15 million
The Property: This Lake Forest house, a dark glass pavilion done in the “less is more” style of Ludwig Mies van der Rohe, sold in July 2007 for $3.8 million…
List Price: $4.5 million
The Property: In Lincoln Park, where residences from yesterday and today freely mingle, today’s property is clearly new. But it doesn’t shriek 2012. Instead, its looks as if it might date to an earlier era…
THE RICHE NICHE: A fifth-floor three-bedroom on East Lake Shore is marked down by more than one-fourth
HORSE TRADING: The NFL team’s vice chair and her husband almost break even on the house bought from her father, Jim Irsay
SHIP TO SHORE: The 95-year-old lakefront mansion goes for 27 percent of its original asking price
TREND: The bottom tier of city’s housing stock lost more value than those above it
The new data from Case-Shiller released Tuesday showed that local home prices in March 2012 were down 39 percent from their October 2006 peak. That drop likely means even more homeowners are being pushed underwater—that is, they owe more on the mortgage than their homes are worth…
Readers ask questions, and our real estate expert answers. This week, a reader named Chris from Schaumburg asks if renting is a better option than buying since he has a baby on the way and he may go back to school.
List Price: $1.5 million
Sale Price: $1.2 million
The Property: This Italianate home with a two-story bay of windows positioned to capture breezes off nearby Lake Michigan was built in 1873 as a model home for the nascent Highland Park…
