| Mar 12, 2014
A large part of Tom Gniedziejko's business during the past few years has been buying older ranch homes on Chicago's Northwest Side, adding second-story additions and reselling them.
The deals just aren't what they used to be. Compared with two years...
| Mar 10, 2014
Hersch Klaff, a one-time bidder for the Chicago Cubs, has partnered with some of the biggest names in the investment business — the Pritzker family, Cerberus Capital Management, Lubert-Adler, Sun Capital and Blackstone, to name a few.
| Feb 22, 2014
| 9:51 AM
Fannie Mae and Freddie Mac are upping the incentives to interest consumers, rather than investors, in purchasing foreclosed properties and making them their homes.
For a limited time, Fannie Mae, which has about 31,000 properties listed for sale on its...
| Feb 16, 2014
The hangtag on your door says ComEd installed a "smart meter" on your home. Now what?
There's a slew of products available to help you take advantage of the technology to lower your energy usage and save money. But knowing what will work with the new...
| Jan 24, 2014
| 6:15 AM
Old Man Marley’s house from “Home Alone” has come on the market in Winnetka, Ill., at $3.1 million.
The wood-shingled behemoth, with 6,863 square feet of living space, sits on about three-quarters of a snow-covered acre.
| Dec 15, 2013
The new homeowners on your block could be from out of town — Wall Street.
After amassing significant rental portfolios elsewhere, deep-pocketed institutional investors are descending on the Chicago area, buying up thousands of single-family homes...
| Oct 14, 2013
| 8:51 PM
The question seems simple, but shedding light on the answer was worth a Nobel Prize for three American economists: How do we know how much an item is worth?
Eugene F. Fama and Lars Peter Hansen of the University of Chicago and Robert J. Shiller of...
| Oct 25, 2013
After reviewing ground rules like "no touching other people's stuff," Greg and Khristie Kaplan took their three kids on spring house-hunting expeditions of 40 homes in Hawthorn Woods. Their 14-year-old daughter helped corral her 4-year-old sister and 7-...
| May 19, 2013
| 7:00 AM
How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...
| Jul 23, 2013
Lindsay and Glenn Fuller's three-month quest to move from their Naperville "starter" house to a "forever" home involved looking at more than 40 properties, having an above-list-price offer rejected and raising their budget by $50,000.
Pulling up to...
| May 28, 2013
Tuesday, May 28 Hope you had a fabulous Memorial Day weekend! Of course, having yesterday off makes today feel like a Monday... We had perfect weather for all of the Memorial Day remembrance events. It's so important to take a moment and honor those who...
| Jul 2, 2013
The quickening pace of the housing recovery has surprised homebuyers and housing pundits alike, as year-over-year home prices have increased more than 20 percent in a few markets. Now there are concerns that rising mortgage rates, which closed in on 4.5...