Your home has everything to do with what’s inside of it as well as around it. It’s essential to find your neighborhood that matches your own personal lifestyle.
Residential
The State of Illinois has recently stopped distributing the mold disclosure form. The mold disclosure which was recently available for years through Illinois REALTORS® stopped providing these forms, after a legal review.
Chicago aldermen are proposing new rules in an effort to curb gentrification and maintain affordable housing in the area for residents nearby the 606 trail.
Nicor Gas residential customers could see their annual bills rise by an average of 8.3 percent, or $4.79 a month, in 2018 under a proposed rate hike the company is seeking to recoup higher costs.
Under the recent changes to the amendment that has gone into effect as of January 1, 2017, a Chicago residential landlord receiving a mitigation notice is required to make specific disclosure requirements before renewing or signing a new lease.
Set on a quiet tree lined street this spacious unit is just steps from the plaza and heart of Lincoln Square. Generous room sizes, this home has a newer gourmet kitchen, and bathroom. Hardwood floors throughout. In unit laundry. Central air. Enclosed sun room perfect for office, sitting room or arts and crafts. South facing unit just a short walk to brown line, metra, restaurants and shops of the Square!
What happens when open source, meets sustainability and tackle on housing? Apparently, a small starter house with state-of-the-art eco features for less than $25,000 and built in five days using materials available at your local hardware store or made from the raw resources of your land.
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There is still ongoing confusion as to how Chicagoans recycle, and what items can or can’t be thrown into the blue bins.
The Illinois Commerce Commission has just approved a $67 million rate decrease, $17 million more than the $50 million decrease ComEd proposed. Because of the Energy Infrastructure Modernization Act (EIMA) or smart grid law, a 2011 statue that guarantees utilities a return each, has allow ComEd to secure more than […]
Chicago Mayor Rahm Emanuel’s $7.8 billion fiscal 2016 budget and a historic property tax increase to pay for public safety worker pensions easily cleared the city council on Wednesday. However, the plan for the fiscal year that begins on Jan. 1 still faces uncertainties in the Illinois Legislature and supreme […]
[Sun-Times] Mayor Rahm Emanuel’s complex solution to Chicago’s affordable housing crisis was advanced by a City Council committee Wednesday, amid concern that the costly mandates could stifle residential development. Chicago’s existing “affordable requirements ordinance” offers a choice to developers of projects with 10 or more new or rehabilitated units that […]
The statistics have been updated for the month of August 2014. Sales of businesses with real estate and commercial properties have slowed, along with attached housing as we go into the fall market. Single family properties as well as multi-units are still in demand and prices are surging significantly for […]
(source: Proud Green Home) Driven by strong year-over-year growth in the utility and residential markets, the United States installed 1,330 megawatts of solar photovoltaics (PV) in the first quarter of 2014. According to GTM Research and the Solar Energy Industry Association’s (SEIA) Q1 2014 U.S. Solar Market Insight Report, the U.S. […]
Great discussion on WBEZ talking about security deposits in Chicago, and zombie properties.
After a roller coaster of a year, I have been getting a lot of requests and questions about what to expect for this upcoming year. Is housing still worth it? The rules are continually changing, as we have all seen in the past few years. What was once a buyer’s […]
A Chicago ordinance takes effect Tuesday that will offer additional protections, including funds to offset tenants’ relocation costs, in rental buildings in the city.
The Chicago City Council has passed a controversial ordinance requiring landlords to show how much energy their buildings use. The new law requires the owners of around 3,500 commercial, residential and local government buildings in Chicago to track energy consumption and report the findings to the city, according to a […]
Last week’s flood left many homes with damage. Even minor flooding can cause damage to not only personal property, but dry wall, framing, floors and tile. According to the Federal Emergency Management Agency, flooding causes $2.9 billion in losses between 2002 and 2011. Not only are residents faced damaged property, […]
When the housing market declined a few years ago, many builders and investors left the market, either by choice or by consequence. But as with the current recovery, low inventory and pent up demand continues, builders and investors slowly returned.
The Developer of Central Station in the South Loop neighborhood, Crescent Heights Inc, who purchased a few acres in the near South Loop neighborhood south of Roosevelt, is proposing a new exit from Lake Shore Drive at 16th Street. Currently there is no exit between Roosevelt and 31st St. This […]
While housing seems to continue to show signs life, it will be an ongoing fight. The month’s supply of inventory for Chicago single family and attached condos and townhomes are both below four months (rate at which the current inventory will take to sell, based on current sales rate) indicating […]
The year over year statistics for November has been published. One common trend occurring in several market segments, including all residential and commercial properties are the lowered months supply of inventory, which all seem to be hovering over the four month mark. What the months supply of inventory (MSI) tells […]
Mayor Rahm Emanuel’s plan to position Chicago for the digital age has received a warm reception from telecom providers, with several companies and industry leaders providing a RFI (Request for Information, a preliminary pitch) providing insight on the project. A total of twenty-four companies including Cisco, AT&T, Verizon, Level 3 […]
With the housing market still struggling in parts of the country, many policy makers and economists are struggling with ways to help homeowners and the housing market. Sen. Jeff Merkley, suggests that policy makers shouldn’t give up and has offered a new proposal to be released today. He aims to […]
As reported yesterday in Crain’s, the redevelopment for the Rosenwald Courts building, in the Bronzeville neighborhood has been approved, 7-1, and is set to received up to $25 million in tax-increment funding (TIF). The development which will hold 331 units, will have 18 market rate apartments with the remaining homes […]
Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]
The Chicago Plan Commission on Thursday approved a 269-unit apartment project in the Boystown/Wrigleyville that drew opposition from twelve area condo associations, local community groups and business organizations. The proposal which compromises of a 12 and 15 story building have been heavily debated by local residents, some of whom say […]
Homeowners’ insurance policies are sometimes not only advisable but required. This past year many homeowners were faced with increased rates and policies that could not be renewed. In this era of unpredictable weather patterns, insurance companies are raising rates, cutting coverage, shying away at some payouts and generally shifting more […]
(Crain’s) — An Arizona man was sentenced Tuesday to three years in federal prison for his role in defrauding 48 Chicago condominium associations of about $2 million. Jay Strauss, 76, of Scottsdale, Ariz., also was ordered to pay $2 million in restitution, according to a spokesman for the U.S. Attorney […]
FHA is lowering its mortgage insurance premiums to help borrowers refinance into lower interest rates. Additional help to military who have been wrongly foreclosed on or denied the opportunity to refinance as well, as announced by President Obama earlier this week FHA is reducing its up-front premium to .01 percent, […]
The recent settlement covers borrowers who have loans that are serviced by one of the five big banks. Who qualifies, the different options for homeowners (both previously foreclosed and current owners underwater). Subscribers will be able to view the full article with links and phone numbers to contact their lenders. […]
Who does the settlement cover? The settlement covers borrowers who have loans that are serviced by one of the five big banks: Ally Financial Inc./GMAC Mortgage, Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. These banks handle payments on 55% of U.S. […]
(AP) — Illinois is expected to receive about $1 billion in a multi-state settlement with the nation’s five largest mortgage lenders, Attorney General Lisa Madigan announced Thursday. Madigan joined with attorneys general in others states and federal officials to announce the roughly $25 billion settlement in Washington. Read the full […]
As we enter a new year, I am finding myself guiding clients in this market, formulating strategies and guiding expectations. It’s no surprise that the real estate market has been difficult for the past few years and many economists are expecting more of the same for this year. But even […]
Fannie Mae and Freddie Mac sued the city of Chicago on Monday over an ordinance that makes mortgage creditors liable for the upkeep of vacant properties. Lenders are liable for fines up to $1,000 if they do not maintain the property, or provide basic care / upkeep. Currently, the city […]
Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Oct 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/ Contracts written is up for both residential and commercial properties. Months supply of inventory is also lower, although for several property types the drop has been […]
The Obama administration announced plans to expand the Home Affordable Refinance Program to make it easier for homeowners who are struggling but still making mortgage payments to refinance their homes. Changes to the program include refinancing despite how much a home’s value has fallen, reducing some fees, and eliminating the […]
Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Sept 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/ Sherwin L. Sucaldito, REALTOR®, GREEN, ABR, CRPM @properties The Institute of Luxury Home Marketing Green REsource Council, GREEN Accredited Buyer’s Representative , ABR Certified Residential […]
Dreaded property tax bills are expected to hit Cook County mailboxes the first week of October, and homeowners might find them a bit plumper than last year despite the continued housing market malaise. Figures released Thursday by County Clerk David Orr showed that Chicago residential, commercial and industrial property owners […]