Housing Bulletin— More Homeowners Using Short Sales as an Alternative to Foreclosure

By Dennis Rodkin

Hoping to avoid foreclosure, some financially strapped homeowners are taking advantage of what until recently had been a little-used option. When they find they can no longer afford their homes, they negotiate with their lender to accept a short sale—a transaction where a bank or other lender allows the house to be sold for less than the amount owed on it.

According to the records of Midwest Real Estate Data (MRED, which until recently was known as the Multiple Listing Service of Northern Illinois), at least one of every ten houses that sold in the Chicago...

Housing Bulletin— Join the Auction Action

By Dennis Rodkin

As more homeowners and builders fall into foreclosure, many of the properties they let go of wind up on the auction block, where house hunters willing to do some advance legwork can land some terrific bargains. “It’s not the house’s fault or the condo’s fault that it’s being auctioned,” says Rick Levin, the head of the Chicago real-estate auction firm Rick Levin & Associates. “It’s typically the owners’...

Nothing But Net: 171 Great Chicago Web Sites

By Stuart Luman, Graham Meyer, and Dawn Reiss

Lost in front of the Web address bar? Search engines letting you down? We scoured the Web to find the sites that make the lives of Chicagoans better in the real world, winnowing the chaff from the wheat to give you the best real-estate search, the most active foodie forum, the top local news sources, and much, much more. Read more

Last-minute NYE Options

Unless your idea of a good New Year’s Eve involves aimless bar-hopping when cabs are scarce and clubs are overcrowded, stop dragging your feet and make your plans already. The events below still had tickets available as of late last week, and folks continue to post New Year’s Eve updates to the comments section of this blog. Get to it, people. And happy 2008...

Week 28: Pathetic or Sympathetic?

You may have heard that certain men develop "sympathetic pregnancies." Some of us take on the physical characteristics of our pregnant wives—cravings, nausea, weight gain, insomnia, et cetera. Sounds freaky, but it really happens. These are called Couvade symptoms, derived from the French word "couver," which means "to hatch."

Does Couvade really exist? Whether it's psychosomatic, spiritual, or other, the quick answer is yes. The chemical changes that happen inside a man have been scientifically proven...

Housing Bulletin—Assessing Mr. Toll’s F

By Dennis Rodkin

While releasing some downward-sliding sales figures last week, Robert Toll—the CEO of Toll Brothers, a national home-building company—gave an informal letter grade to each of several regional markets where it operates. Chicago got an F.

That’s not to say that the housing market here has tanked more than in other parts of the country. In fact, as I read it, that low grade suggests that buyers here might be more cautious or judicious than elsewhere. The F is Toll’s assessment of how each market is doing vis-à-vis his company’s sales performance. He reported 38.9 percent of people with contracts to...

It Ain’t Over ‘Till the Rock B(r)and Sings

Paris Fashion Week is terminé. And while you're checking out the new talent in Chicago—and perhaps still trying to process the colorful surreality at Vuitton (I know I am)—I'd like to offer a postscript or two.

Rodnik
On Monday, I chatted with Rich and Phil, the guys behind the new label Rodnik. If the retailers picking them up are any indication (ikram and Barney's for this season), these guys have got chops. And also humor...

Celluloid and Cellulite

Two things everybody around here is talking about: fashion and film. We’re coming upon Fashion Focus Chicago, a week of hoopla surrounding local designers and local retailers. I’ll be blogging the whole thing, camera in tow. It’s also time for the Chicago International Film Fest. And since I can't possibly be two places at once, I'm thrilled that Chicago's web editor, Esther Kang, will be scouting the fest. So for the next few weeks of Coda, you get two bloggers instead of one! Read her scoop on opening night...

What Your Wheels Cost

By Barbara Nellis

The price of owning a car is skyrocketing, taking a significant chunk out of the family budget. And with gas prices on the rise, there seems to be no brake in sight. Read more

Movable Feasts

By Michael Nagrant

Call them “underground,” “unofficial,” or “occasional.” Whatever the name, restaurants that don’t have a permanent address and that eschew traditional licensing are popping up all over town. Eating at one is the dining equivalent of choose-your-own adventure: diners, who exchange hushed e-mails to get on the list, show up where they’re told and eat whatever the chef feels like preparing. It’s fun, sure. But at $25 to $100 a pop, are they any good? Chicago checked out a few to find out. Read more

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