Tag: Housing Bulletin

Every Thursday except holidays, I post a short tour of a home that is for sale, including the sellers’ asking price. But the asking price is only half of the story, as the past year’s market drop has clarified for all of us; the other half is the final selling price.
So, as Paul Harvey would say, now here’s the rest of the story on several properties I posted on Thursdays in 2008...

’Twas the night before Christmas, when all through the house, not a creature was stirring—not even a real-estate agent eager to show off the granite countertops in the kitchen or the triangular Jacuzzi for two in the master bath. Instead, with home sales down more than 40 percent from the height of the market in 2006, agents have been departing the industry in large numbers. At the end of November, with roughly 57,100 members, the Illinois Association of Realtors (IAR) had experienced a...

Last week an apartment developer announced that it is starting construction on a 21-story River North building whose site, architectural plans, and name—Parc Huron—it bought from the condo developer Lennar, which cancelled the project eight months ago. But that doesn’t mean the project will change all that much. “It had  already been through...

While there is pressure on President-elect Barack Obama to help resuscitate the nation’s moribund real-estate scene, he has already helped at least one very localized segment of the Chicago market: Kenwood.  Obama’s historic election has drawn worldwide attention to his....

In this season of extreme markdowns, everybody is offering closeout prices—including the developers of two South Side real-estate projects. The McKinley Park Lofts and Jazz on the Boulevard, a condo and townhouse complex in Bronzeville, have both seen sales slow down dramatically, so the last blocks of units are going up for auction next week....