Archive for the 'Real estate' Category

New retail planned for Near West Side

Published by Aaron November 18th, 2007 in Chicago real estate and Real estate.

The Near West Side Community Development Corporation announced a new plan for continued revitalization of retail space in the neighborhood.
The Near West Side has undergone a complete transformation in recent years, as abandoned warehouses and other buildings have been given new life. Luxury condominium and loft developments bring many new residents to the neighborhood […]

Yet another victim of the subprime mortgage crisis

Published by Stephen September 25th, 2007 in real estate market and Real estate.

The subprime mortgage crisis that has been hitting the nation claimed its newest victim.
The HSBC Finance Corp, based in Prospect Heights, will close it’s subprime mortgage division.  Decision One Mortgage was a subprime lender that worked through brokers to  give loans to customers that did not qualify under more stringent guidelines.
Many of these loans have […]

Housing Recovery Nowhere In Sight

Published by admin December 19th, 2006 in Chicago real estate, home sales, home prices, home selling, real estate market, home buying and Real estate.

According to a BusinessWeek analysis of the U.S. real estate market over the last 30 years, it will probably take 15 years or more for home prices in many parts of the country to get back to their inflation-adjusted highs.
The 2007 forecast for residential real estate is grim at best. The communities that will […]

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