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Chicago Real Estate Search Resource News

44% of Cook County homes with a mortgage are underwater
Almost 667,000 homes with a mortgage in the seven-county Chicago area were underwater on their mortgages in March -- and 13 percent of those homeowners were also delinquent on their mortgage payments by three months or more.
05/23/2012    

Rising Sales, Stabilizing Home Prices were Hallmarks of April Activity in Metro Chicago Real Estate Market, RE/MAX ...
April home sales activity in the metropolitan Chicago real estate market was characterized by rising sales and firmer home prices, according to an analysis by RE/MAX. Combined sales of attached and detached homes in the seven-county metro market totaled 6,771 units in April, which compares to 6,501 units sold in the previous month and 5,713 in April 2011. These represent increases of 4.2 percent ...
05/16/2012    

Preckwinkle wants consultant to draft plan for county-owned real estate
Cook County government is known to most as a jailer, courtroom operator and health care provider. But it’s also a landlord and a building maintenance manager, and a top official wants advice for those duties. County Board President Toni Preckwinkle is proposing to hire an outside consultant to draft a plan for county-owned real estate. The county owns 17 million square feet that vary greatly in ...
04/30/2012    

First Person: We're Finally Getting Back Into the Housing Market
It's no secret that I'm no fan of home ownership. However, maybe part of my disillusionment came with the pairing of living in Cook County, Illinois (where taxes are high) or the fact that we bought in one of the worst real estate markets in US history. But more than that, I think it's the fact that in the past, it was difficult for me to see how the costs associated with buying and maintaining ...
05/21/2012    

Rev. Jesse Jackson links Gary, Chicago
GARY | The Steel City and the Windy City are connected by more than highways and Lake Michigan, the Rev. Jesse Jackson said during Monday's annual meeting of the Gary Chamber of Commerce.
05/14/2012    

April home sales in Illinois up 15.7% from a year ago; median prices stable across state
SPRINGFIELD, Ill., May 22, 2012 /PRNewswire-USNewswire/ -- Illinois home sales had their strongest showing in two years and statewide median prices remained steady for the second straight month, April data released by the Illinois Association of REALTORS(R) show.
05/22/2012    

April 2012 Foreclosure Activity: Time to Invest?
The stats compiled by Illinois Foreclosure Listing Service for April 2012 show that the steady increase of foreclosures has come to an end, at least during April 2012. In April, all of the seven Chicagoland counties showed a decline in foreclosure activity. Comparing April 2011 to April 2012, there was a 22.1% increase in foreclosure activity during that particular month.Chicago, IL (PRWEB) May ...
05/21/2012    

Preservationists win 1 in battle over landmarks law
Historic preservationists have won a victory, but only a temporary one, in their closely watched battle to protect Chicago's landmarks law from a legal assault.
05/03/2012    

Cook leaders want property tax exemption crackdown law
Cook County Board President Toni Preckwinkle and Assessor Joe Berrios on Tuesday urged state lawmakers to give them more power to go after property owners who improperly claim tax breaks, saying they could recover more than $150 million in three years with the new authority.
05/01/2012    

Sorry, Chicago. It’s time for Ramova Grill to close
There comes a time when a man has to walk away from the one thing that defines him. The thing that changed his life, made it better. His work. For Tony Dinos that one thing is his beloved Ramova Grill, the Bridgeport greasy spoon open since 1929 where you can get a steaming bowl of what a lot of folks say is Chicago’s best chili. But after 52 years, the time has come for Dinos and his partner ...
04/27/2012    

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