Loop North Real Estate News

Chicago’s million-dollar-plus home and condo sales flexed muscle in 2018

More Chicago-area homes sold for $1 million or more in 2018 than in 2017. Prices were up. Average time on market was down.

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Chinese investors file motion to recover stake in rejected Gold Coast tower

Nearly two years after a proposed hotel/condominium was not given city approval to proceed, a motion has been filed in United States District Court to compel the developer to disclose the location of $49.5 million that came from 90 Chinese investors.

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Home buyers could see more affordable mortgage rates in 2019

Home buyers in Chicago and across the nation may still be thawing out from the recent Polar Vortex, but the outlook for locking in an affordable mortgage rate in 2019 is beginning to heat up.

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Chicago home sellers and buyers trumped by government shutdown

The financial chaos created by President Trump’s 35-day government shutdown is having a negative ripple effect in Chicago’s housing market.

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Chicago property owners brace for more hefty tax increases in 2019

Already battered and bleeding from years of higher real estate taxes and new municipal fees, Chicago’s beleaguered property owners are wondering what tax increases are on the horizon.

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Massive Lincoln Yards not good fit for Lincoln Park area

Maybe a river runs through it, but the Lincoln Yards mixed-use proposal is misconceived and light years away from Chicago’s glittering high-rise neighborhoods.

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House hunters can utilize loan programs to buy with 3 to 5 percent down

With the stock market on a roller coaster and affordable mortgage interest rates of 4.5 percent still available, now is the time for first-time home buyers to learn about an age-old axiom of real estate investing.

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Volatile stock market sparks bright outlook for mortgage shoppers

Lower year-end mortgage rates could mean clear skies and smooth sailing for Chicago home and condo buyers in early 2019.

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Fed’s dovish outlook, stock market downturn may benefit home buyers

It’s time to crystal ball gaze into the future for an outlook on where home loan interest rates are headed in 2019.

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Marina City condo board tries to rein in colorful balcony lights

Less than two weeks before Christmas, Marina Towers Condominium Association is trying, perhaps in vain, to rein in use of balcony lights that are not white – and lights of any color that are on after midnight.

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Escaping Condo Jail