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Housing Still Searching for the Sweet Spot

Housing activity flip-flopped in March, with sales of existing homes plunging while the market for new homes heated up. Declining home prices and mortgage rates helped to lure buyers, especially at the lower end of the price scale, but there was not enough low-priced inventory...

source: By Michael J. Berens
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Earlier this month, the State of Illinois and the City of Chicago issued plans laying the groundwork for reopening the economy, which was substantially curtailed by the coronavirus pandemic. The most recent extension of Governor Pritzker's March 17 Stay at Home Order expires...

source: CAA

Thank you to all our members who participated in our first "Thank You Thursday" campaign last Thursday,...

source: CAA

Cousino Law PLCC

source: CAA

A mini-revolt has broken out over Mayor Lori Lightfoot's effort to give renters more notice of lease terminations. Progressive aldermen banished her proposal to legislative limbo—the City Council's Rules Committee, where legislation typically goes to die — saying...

source: Crain's Chicago Business

Gentrification and housing affordability are two multifaceted challenges facing Chicago's residential real estate market. While no one solution will likely be found, some see accessory dwelling units as a potential tool. Not only can these...

source: Chicago Agent Magazine

The Cook County Board of Commissioners introduced (and is expected to pass) a waiver of late penalties on property taxes due August 3 for two months until October 1. Property taxes paid by October 1 would be considered "on time." The 1.5% interest rate on late property tax...

source: CAA

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