| Jun 26, 2010
On an afternoon in late May, Chicago real estate agent Gary Lucido, president of Lucid Realty, glanced at the chicagohousingstats.com website. Among the stats grabbing his attention was one showing Chicago-area home prices had fallen 27.3 percent from...
| Jun 26, 2010
If you consider yourself to be a candidate for a short sale, a critical task will be obtaining the best available real estate and legal advisors to guide you.
This is not a time to make snap judgments about the quality of counsel you retain, says Neil...
| Jun 23, 2010
| 9:13 AM
A short sale is anything but an easy real estate transaction for sellers. It requires more work, often involves negotiators, and is characterized by the seller asking the lender to make a concession to allow the sale to proceed.
But there is good...
| Jun 27, 2010
Cash-strapped, jobless and denied a loan modification, Del Phillips faced the same straits as millions of homeowners who risk losing their homes to mortgage lenders.
Some have struggled unsuccessfully to keep their homes, and others have just walked...
| Jul 18, 2010
While Oak Street flounders with record vacancies in the wake of the global luxury recession, adjacent Rush Street is coming into its own as a shopping strip for the rich and fabulous.
Leading the charge is a striking new Hermes flagship at Oak and Rush...
| Apr 1, 2011
Imagine that you are an eager home hunter who can't believe your luck. The newly listed property you are touring exceeds all the criteria on your wish list: It's sparkling clean with every amenity you desire. The price is right, too.
But you step outside...
| Jul 9, 2010
Norridge legend has it that in the mid-1950s, a group of determined residents banded together to protect a key patch of land. The parcel was being eyed for industrial development, but residents wanted it turned into a park. In 1957, the land was purchased...
| Jul 8, 2010
| 10:09 AM
Let's say you've decided you want to buy an eco-friendly house. How would you find one?
Not very easily, although the process is getting simpler.
The starting point for most consumers (and their real estate agents) in a general search for homes with...
| Jul 23, 2010
"Gypsies, pickpockets and even a man walking around with a chicken on his head. This was an edgy neighborhood back then. It was not for everybody," said Bill Lavicka, rehabber and preservationist.
He was reminiscing about the old days on Maxwell Street,...
| Aug 11, 2010
A local radio host says he was denied a chance to buy a house because he's black.
Comedian and radio personality, George Willborn, agreed to buy a house at 33rd and Normal in Chicago's Bridgeport neighborhood for $1.7 million. But the owners refused to...
| Jul 25, 2010
In late 2003, a housing agency approached recently elected Chicago Ald. Rey Colon with a plan to build a $5.5 million condominium building on a rubble-strewn lot in his West Side ward.
Within months, Colon bought the only home on the lot with a $350,000,...
| Sep 12, 2010
| 10:14 AM
Mayor Richard M. Daley is a relentless doer who has remade Chicago's urban landscape, but he is also leaving behind a load of unfinished business.
The unbuilt Chicago Spire, an incomplete Block 37, an empty swath of land where Chicago wanted to construct...