Loop North Real Estate News

Do all home purchase contracts need a ‘COVID Clause?’

Officially known as a ‘coronavirus addendum,’ the clause adds extra security by protecting both sides of the transaction in the event they are impacted by the pandemic.

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North side resale home market gradually reviving

Despite battling the virus plague, protests, riots, and social unrest, Chicago’s North Side real estate market surprisingly is showing some positive signs.

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Door opens for innovative, affordable housing in Chicago

While protesters were marching and looters were smashing windows, stealing, and burning buildings, wheels of progress were quietly turning to create more affordable housing opportunities in the Windy City.

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Mortgageland roller coaster hits 3.15 percent, lowest rate in 49 years

Chicago home buyers and families seeking to refinance now have a once-in-a-lifetime opportunity to lock in the lowest mortgage interest in nearly five decades.

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Downtown dwellers disagree on value of high-rise life

While the shelter-at-home lifestyle may suit some high-rise dwellers, most – who must wear masks during long elevator rides to units with little or no fresh air – are not happy.

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High-rise renters fear elevators and seek outdoor space of walk-ups

The attraction of swank high-rise apartments with rooftop swimming pools, communal decks, fancy workout rooms, and high-speed elevators may be losing some of their glitter because of the coronavirus pandemic.

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Chicago home resale market in tailspin because of COVID-19

Buying a home during the COVID-19 crisis may not be a life or death situation, but the market currently is coming out of a coma.

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Apartment renters and landlords both feel bite of new virus economy

With millions of renters out of work, landlords are looking to mortgage lenders for help with getting through the coronavirus pandemic.

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Residential design could change with millions working from home

With the coronavirus forcing millions of people to shelter at home and work from their residences, experts say the private home office is rising in stature like never before.

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Evictions may be on hold but only for now

While there is a moratorium on evictions in Cook County during the shelter-in-place order, in many cases landlords can still file eviction paperwork in anticipation of Circuit Court reopening.

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Escaping Condo Jail