Loop North Real Estate News

Home loan interest rates rise sharply to highest level since 2011

Prospective home and condominium buyers should forget about shopping for Halloween pumpkins and trick-or-treat candy this month and focus on locking in a mortgage with an interest rate of less than five percent.

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Chicagoans needs $77,263 annual income to buy median-priced home

You need $77,263 to qualify for the purchase of a $235,000 home. And Chicago is one of the most affordable housing markets in the Midwest.

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Housing market cloudy with chance of rising mortgage rates, shortage of affordable homes

Rising mortgage rates, a shortage of affordable dwellings, and higher home prices are causing early autumn clouds to form over the Chicago-area housing market.

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State supreme court will not hear case of unit owner fined for expressing opinions

Owner says fine was retaliation for expressing opinions about management practices.

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Is there true assessment uniformity in Old Town and Lincoln Park?

The recent skyrocketing reassessment of North Township – which includes the wealthy Gold Coast and the upscale neighborhoods of Old Town and Lincoln Park – has left thousands of long-time property owners flabbergasted.

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Outlook for home loan interest rates this fall is up, up and away

The economy and job formations may be on a roll nationwide, but if you are planning to buy a home this autumn, better hurry.

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Decade after Great Recession, Chicago still in recovery mode

Where do Chicago home and condo owners stand a decade after the Great Recession and 2008 housing crash?

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Hot July home market pushes median prices to $309k in Chicago

Steamy July weather set median home prices afire in Chicago as existing units sold quickly at higher price points because of a scarcity of listings.

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Are Millennials giving up on the American dream of homeownership?

Buried in college loan debt, and carrying gloomy memories of the Great Recession, the housing confidence and enthusiasm of Millennials has plummeted to a record low, reports a new survey of home buyers.

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State Supreme Court asked to consider case of unit owner fined for expressing opinions

Fined for expressing opinions about his condo board, a unit owner successfully sued his condo association but now the Supreme Court of Illinois is being asked to reconsider the ruling.

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Escaping Condo Jail