Chicago Tribune Real Estate News

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Headlines from chicagotribune.com
Updated: 3 hours 51 min ago

Chicago home prices rise again but under cloud

Tue, 08/31/2010 - 18:52
Economists worry about reports of dismal home sales, fear prices will plunge now that tax credit has expired

Home prices in the Chicago area rose for the third straight month in June, raising them to a level equivalent to a year ago, according to data released Tuesday.


Chicago home prices up 2.5% in June

Tue, 08/31/2010 - 07:05


Despite builder's bankrupty, board election can move forward

Sat, 08/28/2010 - 23:00
Q. The builder of my condominium association went bankrupt before the association was turned over to the unit owners. We have a management company running things that is not answerable to anyone. The property manager tells us that we cannot form our own board until the bankruptcy proceedings are complete. Is this correct?


Virtual retirement village

Sat, 08/28/2010 - 23:00
Intentional communities provide seniors the option to remain in their own homes

Move to this community yet stay in your home.


'We are a neighborhood of families'

Fri, 08/27/2010 - 12:23
Archer Heights a close-knit, working-class community in convenient location

Traffic flies by on Archer Avenue as if it were taking off from a runway at nearby Midway International Airport. The six lanes of concrete — two for parking and four for navigating one of the city's famous diagonal streets — resemble a runway. It's wide, straight and exudes an all-business attitude.


Will deck addition add value to home at resale time?

Thu, 08/26/2010 - 23:00
Q. I have never built a deck on my home because the sun shines there the majority of the afternoon. Will the lack of a deck have any effect on the sale of my home since most of the homes in my development have a deck or sun porch?


The dreams and nightmares of owning a private island

Thu, 08/26/2010 - 23:00
From the rocky shoals of Maine to the beaches of California, residential home prices have fallen hard during the great recession. Commercial property values have followed. New-home construction has all but collapsed.


Bring natural light into your home

Thu, 08/26/2010 - 23:00
A change in season can make many people feel down or even depressed. Maybe we all just need to lighten up — literally.


A reality check on closing costs

Thu, 08/26/2010 - 23:00
Mortgage closing costs have skyrocketed — but then again, they haven't. Maybe it would be more accurate to say that they've just gotten real.


Ex-Hawk lists condo for $1 million

Thu, 08/26/2010 - 23:00
Adam Burish leaves River North.


Get the most bang from extra mortgage payments

Thu, 08/26/2010 - 23:00
Q: In response to your question about whether it is better to make additional mortgage payments monthly or annually, I believe you are correct that monthly payments are better than if the annual payment is made at year's end.


Transit Score a change of pace for Chicago homebuyers

Thu, 08/26/2010 - 23:00
With its 2-year-old Walk Score product already used by more than 4,000 realty Web sites, Seattle-based software company Front Seat has expanded its data options so Chicago homebuyers can see whether a potential neighborhood is public transit-friendly as well as walkable.


Median price heat map

Thu, 08/26/2010 - 09:22
Check property values and price changes for up to 5 years.


Chicago area home sales plunge in July

Tue, 08/24/2010 - 22:20
Despite significant price declines, housing market dries up after federal tax credit ends

During three decades of working for Allstate Corp., California native Roger Parker never shed his desire to grab his surfboard and a good wave, and he thought he'd be able to return to that lifestyle when he retired 18 months ago.


Water filters: Pros and cons

Tue, 08/24/2010 - 10:11
Germs, lead, chemicals, prescription drugs — they can all be in our drinking water, and not every municipal treatment system can get them all out. If you're concerned about what's in your water or even just unhappy with the taste, a filter may be an option.


Decorating a 9,000-square-foot mansion

Tue, 08/24/2010 - 10:07
Starting from scratch can be freeing, exhilarating — and scary. Interior designer Scott Sanders tells how he achieved continuity in furnishing and decorating an oversize family home

Starting from scratch can be freeing, exhilarating — and scary. Interior designer Scott Sanders tells how he achieved continuity in furnishing and decorating an oversize family home.


The best methods for restoring faded glory of decks and porches

Tue, 08/24/2010 - 10:05
Some rules for renewing decks and porches say you should pressure wash; others say it causes damage. Some recommend bleach; others say avoid it. And some say sanding is a last resort, but others say it's the only way to steer clear of grass-killing chemicals.


Kitchen flooring: The options

Mon, 08/23/2010 - 23:00
No reason to be floored by options underfoot

A recent column about kitchen flooring options reaped these pieces of reader advice.


Good-faith closing cost estimates get real under new loan rules

Sun, 08/22/2010 - 23:00
Mortgage lenders must now pay the difference if a loan's closing costs come in higher than they estimated, which means no more lowballing to lure customers.

Facing new penalties if they lowball estimates of upfront mortgage costs, lenders and brokers appear to be coming clean about how much borrowers will pay.


Online tool allows homeowners to dip toes into market waters

Fri, 08/20/2010 - 16:48
You can prequalify to buy a house. Now you can "pre-list" one for sale.


Manufactured Home Foundation Certifications

Foundation CertificationsIf you are selling or buying a manufactured home, then most likely a foundation certification will be required. For all FHA and VA loans, an engineer's foundation certification is required that states that the home is placed on a permanent foundation that complies with the "HUD Permament Foundation Guide for Manufatured Homes", dated 1996 by the US Department of Housing and Urban Development (HUD).

We have partnered with the engineers at Foundation Certifications to provide a turn-key foundation certification service to you. You may place your order online by going to http://www.FoundationCerts.com/order.