Loop North Real Estate News

Are summer mortgage rate bargains a harbinger of an autumn recession?

Home buyers and families planning to refinance this autumn had better buckle their seat belts, because the housing market may be in for a bumpy ride.

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Soaring property taxes starting to impact luxury housing market

With mortgage interest rates now at the lowest level since November 2016, housing gurus were expecting the home market to be booming this summer. But it isn’t happening in Chicago and Illinois.

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Privately-owned, publicly-accessible Bennett Park opens

Part of the 70-story residential tower next door, the new park will be open to the public seven days a week.

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‘America first’ trade policies could push mortgage rates lower

House hunting or looking to refinance? Your window of opportunity is wide open.

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North Side home sales rebound in 2019 but still lag 2018

Residential transactions across the North Side of Chicago turned in a stronger performance in the second quarter of 2019 than in the first quarter of the year.

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Condo attorneys and unit owners sued over allegedly defaming comments

Comments made at a condo board meeting by an attorney about another attorney have led to a lawsuit.

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Real estate tax escrow shortfalls plague North Side homeowners

Most Chicago homeowners still haven’t recovered much of the home market value they lost after the Great Recession, but that hasn’t stopped property tax bills from climbing.

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Neighbors report quieter hotel strikers month after cease-and-desist from city

One month and a cease-and-desist letter later, strikers outside Cambria Chicago Magnificent Mile are reduced to using picket signs and their unamplified voices to protest their labor dispute with the hotel.

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City needs $1 billion, so North Side property values skyrocket

Skyrocketing tax assessments on homes, condominiums, and small apartment buildings in 2018 led to dramatic increases in real estate tax bills payable in 2019 for hundreds of thousands of property owners on Chicago’s North and Northwest Sides.

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Condo deconversion wave hits smaller buildings

Condominium ‘deconversions’ are sweeping Chicago as more investors and small developers tap a profitable market.

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Escaping Condo Jail