Mallinckrodt in the Park, a seniors-only development housed in the former Mallinckrodt College, 26 of the 81 units remain unsold five years after the conversion. But recent action by the village could help animate sales..." /> Mallinckrodt in the Park, a seniors-only development housed in the former Mallinckrodt College, 26 of the 81 units remain unsold five years after the conversion. But recent action by the village could help animate sales..." /> Mallinckrodt in the Park, a seniors-only development housed in the former Mallinckrodt College, 26 of the 81 units remain unsold five years after the conversion. But recent action by the village could help animate sales..." />
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Tag: Housing Bulletin
Selling Time Increases Significantly in Many Communities
By Dennis Rodkin
Comparing Chicago’s annual real-estate charts from 2006 to the ones that appeared in the October 2010 issue of the magazine, I found that the average length of time that a house waits on the market has more than doubled in 29 Chicago neighborhoods and 129 suburbs. The two places where market time has lengthened the most over those four years are Montclare on Chicago’s Northwest Side and Lake Forest on the North Shore... Read more
For Some Communities, It’s 2002 All Over Again
By Dennis Rodkin
Since the real-estate downturn began, the S&P/Case-Shiller index of home prices has been a good measure of where prices stand relative to where they used to be. For the past several months, the index has had current residential sale prices in the Chicago area running about where they were in mid to late 2002... Read more
Who Bought Best in 1994?
By Dennis Rodkin
For the great majority of Chicago-area homeowners, the real-estate charts in Chicago’s October issue (just hitting newsstands this week) reflect the dreary news in the housing market. But there are some people who will get a little boost when they check out how their neighborhood or suburb performed... Read more
Daley’s New Condo Conversion Rules: Too Much, Too Late?
By Dennis Rodkin
At today’s Chicago City Council meeting, Mayor Daley will introduce an ordinance designed to protect renters whose buildings are going condo, as well as the people who end up buying those condominiums. But not only do these protections come long after the condo conversion boom is over, they also include provisions that could put a burden on developers and perhaps delay any new wave of condo conversions... Read more
A Man’s Dream is His Castle
By Dennis Rodkin
About a mile south of the O’Hare Oasis on the Tri-State Tollway, a billboard trumpets, “King Wanted.” It’s part of Paul Iwanski’s marketing campaign to sell the 18,000-square-foot castle he is building on a one-acre lot in Oak Brook... Read more
Positive Signs for Some Relocated CHA Residents
By Dennis Rodkin
When the Chicago Housing Authority (CHA) started moving residents out of two South Side developments nine years ago, Susan Popkin, a public-housing expert at the Urban Institute, worried that it wouldn’t turn out well for the folks who got relocated. “I had a lot of concerns that these people would not manage,” she says, “that it was really going to [harm] them." But last week, Popkin and some colleagues... Read more
Zillow Maps the Downhill Run—and the Civic Federation Finds a Silver Lining
By Dennis Rodkin
On Monday, Zillow, the online realty information service, released its report on changes in real-estate values during the second quarter of 2010. It showed that nationwide, home values were down 0.6 percent from the prior quarter and 3.2 percent from the year before. The Chicago area did better than the national average on one measure: prices were up here by 1.6 percent from the winter quarter... Read more