May 5th 2010 5:00PM
Empty houses are hard to survey, but that's the challenge facing census workers in the Chicago area, where foreclosures and vacancies are weighing down response rates. This isn't just a predicament for the U.S. Census Bureau, it's a problem for these communities and their residents. Each uncounted resident could cost... Continue Reading »
Apr 29th 2010 2:00PM
Well, good news for everyone except JPMorgan CEO Jamie Dimon. Here's what's happening: Reversing consecutive weeks of mostly dismal housing news, Chicago got word this week that home sales leaped 45 percent in March compared to last year. However, median home prices continue to fall. This marks the sixth straight month... Continue Reading »
Apr 16th 2010 1:30PM
What, giant raccoons "as big as orangutans and bolder than ever before" invading foreclosed Chicago homes?! Since last week, this isn't the only problem that the city has brewing. Strip mall vacancies have hit a 30-year high, state unemployment ticks upward, and Illinois foreclosures are up over 17 percent in the first... Continue Reading »
Apr 9th 2010 12:30PM
More than a week has passed since the last Chicago news round-up, but things are never completely quiet in the Windy City, even real estate. This week's top headlines: Chicagoans are being watched, Warren Buffet makes a move on Chicago, mortgages on small rentals are in trouble, and per usual, a couple big-time properties... Continue Reading »
Apr 1st 2010 1:00PM
It seems the tenets of the recession -- that have hit some markets in the country harder over the past couple of years -- are finally taking a toll on Chicago, the big, stalwart Midwestern city. While higher-end markets like New York and San Francisco are stabilizing, Chicago's real estate woes are looking worse, and it's... Continue Reading »
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