Category: Market conditions
Reports on the state of the housing market
Bank of America to purchase Countrywide
How about this for an interesting headline: "Nation's biggest bank buys nation's biggest mortgage mess."
That's just what happened today, when Bank o [...]
Report: Market rife with incentives
The Sun-Times on Sunday reported on several new incentive packages available to buyers in the Chicago area. Winthrop Properties is offering 3-2-1 buy- [...]
Kimball Hill predicts "substantial net loss" in 2007 filing
This must be the week of bad news.
Kimball Hill Homes, the developer of both Parkside of Old Town and Park Boulevard, has delayed filing its 2007 fis [...]
Bank files $2.95M foreclosure suits against Budlong Woods venture
A couple of potential condo conversions in Budlong Woods are now the subjects of foreclosure lawsuits in Cook County Circuit Court.
Founders Bank last [...]
Say goodbye to public housing's critical mass
The Chicago Reporter recently rolled out an impressive package of articles and graphs documenting the decline of the Chicago Housing Authority's polit [...]
A new year's plea
Forswear fears and favor facts.
Calculated Risk has a year-end roundup of housing stats, with some of the needed historical perspective. [...]
Should Chicago buyers just sit this market out?
Garry Benson and Christine Lutz are, respectively, the founder and Senior VP of Chicago-based Garrison Partners, a national sales and marketing orga [...]
Motor Row developer slapped with suit over unpaid fees
Rokas International Inc., developer of the under-construction Motor Row Condominiums, 2300 S. Michigan Ave., is the target of a suit filed by a fina [...]
Report: New home sales hit 12-year low
Sales of new single-family homes fell by 9 percent from October to November, down to a seasonally adjusted rate of 647,000, according to a new report [...]
Quote of the day: Existing homes struggling versus demand for new construction
"The real tale of the two condo markets in the Chicago center city is told in the pricing problems that existing units are having. In the past six mon [...]
Quote of the day: Petroleum prices will trump housing slowdown in 2008
"Lower house prices, widely forecast for next year in the aftermath of the mortgage debacle, sound ominous. Wealth will be lost on paper for many home [...]
@Properties to add commercial brokerage arm
@Properties, the powerhouse broker that rode the housing wave to success over the last five years, is adding a commercial brokerage division.
The rea [...]
Coping with a changing Chicago real estate market
Garry Benson and Christine Lutz are, respectively, the founder and Senior VP of Chicago-based Garrison Partners, a national sales and marketing orga [...]
Gold Coast still commands healthy prices
Think of this as a bookend to yesterday's dismal foreclosure sale in Wicker Park. Chicago Magazine's Deal Estate blog is reporting the sale of a seven [...]
Foreclosure of the day in Wicker Park
Crain’s Chicago Business reports that MidAmerica Bank has filed a $1.4M lawsuit on a new construction four-bedroom single family home at 1220 N. Dam [...]
Teardown central? Not any more…
For once, it's nice to be the Second City. New York has surpassed Chicago as the teardown capital of the nation, according to the National Trust for H [...]
Quotes of the day – light at the end of the tunnel
"The only light that I see at the end of the tunnel is another train coming."
- Stuart Packer, developer of a 19-unit condo conversion in West Rogers [...]
Housing forecasts for 2008
My prediction for 2008? There'll be 12 months in the year, and some of you will say my number is wildly optimistic.
If you want more specific predict [...]
Joravsky explains Lincoln Square outcome
The city may have backed off its plan in Lincoln Square's eminent domain showdown, but there are still lingering questions about the nature of the pro [...]
There's never been a better time to buy
... model furniture from bankrupt builders.
Hundreds of buyers flocked to Clublands of Antioch, the subject of a recent Tribune article, to fork ov [...]