Loop North Real Estate News

Even with low rates, Chicago’s used-home market spun wheels in May

Despite the availability of the lowest mortgage interest rates since the third quarter of 2017, Chicago’s existing-home market spun its wheels in May, but prices continued to rise.

Read this story
Home buyers and refinancers should hunt now for low-rate mortgages

Would-be home buyers and homeowners who need to refinance should tune up their mortgage-hunting apps.

Read this story
City working with striking union to reduce noise outside Cambria hotel

After nine months, patience with striking hotel workers, making noise that includes drumming and sirens, is thin. Says the children’s hospital next door, ‘Talk isn’t doing it. We’re ready to take action.’

Read this story
Assessment appeals pay off for some Old Town property owners

Tens of thousands of property owners who got socked with huge real estate tax assessments in the 2018 triennial reassessment of the City of Chicago are starting to see results on their appeals to the Cook County Board of Review.

Read this story
Home loan interest rates below four percent could give late-spring market a boost

Chicago’s late spring housing market may soon receive a shot in the arm as home loan interest rates quietly slip below four percent for the first time since January 2018.

Read this story
Chicago’s affordable housing solution: garden & coach-house units?

With high-rise rents skyrocketing and indigent people living in tents on Lower Wacker Drive, why are thousands of dwellings such as garden, attic, and over-the-garage coach-house abodes not allowed under the city’s restrictive zoning?

Read this story
Gold Coast condo association sues former board member, claiming ‘frivolous’ complaints

A Circuit Court judge will decide if a unit owner, who is a former board member, has gone too far with lawsuits and other complaints against a Gold Coast condominium association.

Read this story
Small ‘ma and pa’ apartment owners cheer Assessor Kaegi’s efforts

Small apartment owners, the backbone of Chicago’s affordable rental market, are hoping and praying for a level playing field from reformer Fritz Kaegi, Cook County’s newly elected assessor.

Read this story
Luxury home bargain hunters should have many choices in 2019

With luxury home sales softening in early 2019 due to economic factors, wealthy home buyers in Chicago should have many options this spring.

Read this story
Affordable Far North Side neighborhoods lure more buyers in 2019

If you are hunting for an affordable home on the north side of Chicago this spring, go far, experts suggest. Affordable homes are selling on the Far North Side better than homes in wealthier neighborhoods.

Read this story
1
Escaping Condo Jail