Tag: Housing Bulletin

Before the housing bust, Hinsdale was the Chicago area’s capital of teardowns, with more than 100 older homes replaced by new construction each year from 2004 to 2007. That pace slowed during the bust, but the demolish-and-replace trend has been percolating back to life—and accelerating in the past few months—say real-estate agents, builders, and the village official who monitors construction in that western suburb. After 29 demolitions in 2010, there were 35 in 2011, says Robert McGinnis, Hinsdale’s building commissioner, and he expects the village to top that in 2012... Read more

With an increasing share of homebuyers putting energy efficiency and other green features at or near the top of their wish list, the Chicago-area multiple listing service is giving environmentally friendly features more prominence. Last week, Midwest Real Estate Data (MRED) added a Walk Score; it’s a measure of how many services can be accessed from a home without driving... Read more

Chicago’s Latino Policy Forum has discerned a painful irony: Latino neighborhoods and suburbs have a heavy concentration of both over-crowded housing units and empty foreclosures. “We have these two phenomena happening concurrently,” said Juliana Gonzalez-Crussi, the forum’s policy and housing analyst, when we talked on Monday... Read more

The Tinley Park mansion that the former NBA star Antoine Walker lost in foreclosure when he declared bankruptcy in 2010 was left in sorry condition. Water stood waist-deep in the basement, murky goo filled the indoor pool, and at least 32 light fixtures were gone. But Jim McClelland Jr. and Eric Workman saw an opportunity... Read more

A little over three years after they downsized from a house in Elmhurst to a condo in Itasca, Phil and Connie Mangano are getting ready to move to another new condo—without spending a dollar. With just seven of 70 condos sold at Two Itasca Place, its developer, Don Morris, is converting the building into apartments and moving the Manganos and other buyers there into nearly identical condos next door at One Itasca Place... Read more