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Articles filed under Real Estate

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  • Hanover Park wants tax breaks for Hanover Square strip mall Dec 22, 2014 2:16 PM
    Trying to get the village out of the business of running a strip mall, Hanover Park officials are asking Cook County to award property tax breaks that could persuade a developer to buy the 10-acre shopping center along Barrington Road.

  • U.S. home sales hit slowest pace in 6 months in November Dec 22, 2014 10:49 AM
    Fewer Americans bought homes in November as buying slid to its slowest pace in six months. The National Association of Realtors said Monday that sales of existing homes fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million. That was down from a revised annual pace of 5.26 million in October. Over the past 12 months, sales have risen 2.1 percent.

  • Passive attic venting systems are the most efficient Dec 21, 2014 12:01 AM
    Q. I am getting ready to re-roof, and each roofer I have gotten a bid from has suggested different exhaust vent options, even though I have no soffit/intake vents and no possibility of adding them without severely detracting from the aesthetics of the house.

  • Functional tinware makes an elegant addition Dec 21, 2014 12:01 AM
    Tinware, which glistens softly due to the slightly uneven texture of the cast surface, gives a refreshingly cool and dazzling impression.Tin is said to be the most expensive household metal after gold and silver.

  • Designers more prominently display TVs Dec 21, 2014 12:01 AM
    No longer something to hide in a bulky piece of furniture, televisions in the modern home have been elevated to a position of near reverence. The TV has transitioned into the modern hearth.

  • After loss of a spouse, you have time to change deed Dec 20, 2014 12:01 AM
    Q. My wife passed away Oct. 24. Do I need to change the deed? Are there time restrictions on when this needs to be accomplished? Do I need a lawyer?

  • Boards can file assessed valuation challenges for all owners Dec 20, 2014 12:01 AM
    Q. Many of our condo owners want to appeal the county’s assessed valuation of our individual units. Does each unit owner have to file their own complaint with the county, or can the board file a single appeal for all owners?

  • Forget the homeownership rate; it is the process that matters Dec 20, 2014 12:00 AM
    Because of the widespread belief that homeownership is valuable, the recent decline in the homeownership rate has generated some dismay. The rate, which had peaked at 69.1 percent in 2005, shortly before the financial crisis, has since fallen to 64.8 percent. This is the lowest it has been since 1995.

  • No room for a Christmas tree? Embrace the unexpected Dec 20, 2014 6:30 AM
    When traditional Christmas decor is out of the question (in other words, if your apartment hardly holds your luggage, let alone a Colorado blue spruce), designers and retailers say there’s no reason to feel bound to the classics. Instead, try embracing kitschy decor in the interest of keeping things festive, personal and fun.

  • U.S. developers tread cautiously on Cuba’s property frontier Dec 19, 2014 6:09 AM
    President Barack Obama’s move to end a half-century-long estrangement with Cuba raises the prospect that American developers and hotel operators such as Marriott International and Hilton Worldwide Holdings may be able to enter the tourism-rich market only 90 miles from Florida’s coast. To do so, they face a long road of navigating an area with unclear property laws and government control, making it likely they will proceed with caution.

  • Top 10 tips for picking the perfect christmas tree Dec 19, 2014 12:01 AM
    It’s that time of year again — the time for picking out and decorating the family Christmas tree! Here are our top 10 tips on that very subject.

  • Woodland, Warren school districts OK tax breaks to lure Akhan to Gurnee Dec 19, 2014 5:30 AM
    Two school districts have agreed on property tax breaks for Akhan Semiconductor Inc. as part of a larger proposed incentive package to bring the technology company to Gurnee. “If it’s a good direction for the community, it’s a good direction for the schools,” District 50 board President Mark Vondracek said.

  • Fannie Mae, Freddie Mac unveil new low-down-payment plans Dec 19, 2014 12:01 AM
    The nation’s two mortgage giants launch separate programs that require borrowers to make a mere 3 percent down payment in order to buy their first home.

  • Owners sometimes come up short on home values Dec 19, 2014 12:01 AM
    Do American homeowners think their properties are worth less than the actual market value, as measured by professional appraisers?

  • Who is liable for undisclosed septic problem? Dec 19, 2014 12:01 AM
    Q. Two days after we moved into our home, the septic system backed up into the tub and toilet. This was a big surprise because the septic had been inspected and approved by a septic contractor before the close of escrow.

  • To see, yet not to be seen Dec 19, 2014 6:00 AM
    Q. We loved the picture window in the master bath of our new house — that’s one reason we bought it. We now realize our neighbors can look right in. We hate to give up the view from the tub, but what to do about that big window?

  • Barrington 220 nearing $2.35 million land acquisition deal Dec 18, 2014 11:42 AM
    Barrington Area Unit School District 220 has until the end of the year to finalize a $2.35 million deal to buy 21 acres of open land across Hart Road from Barrington High School. The school board this week authorized a 15-day extension of the deadline.

  • Average U.S. 30-year loan rate falls to 3.80 percent Dec 18, 2014 12:53 PM
    Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year. The rates’ historically low levels could be a boon to potential homebuyers. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage dropped to 3.80 percent this week from 3.93 percent last week. It is now at its lowest level since May 2013.

  • Walgreens can sell liquor in Naperville, but not downtown Dec 17, 2014 11:52 AM
    Nine Walgreens and one CVS in Naperville now can apply for a new type of liquor license the city council created Tuesday. But the Walgreens on Main Street in downtown Naperville is not one of them. "I’m not assuming Walgreens would behave in any bad way at all,” council member Judith Brodhead said. “I’m more worried about the people who are consuming the alcohol and their behavior and this particular behavior of pregaming.”

  • Osborne’s $1.3 billion property tax cut won’t stoke bubble Dec 16, 2014 8:18 AM
    George Osborne’s tax cut for homebuyers isn’t reviving concern about another property bubble. That’s according to Bloomberg’s monthly survey, which showed two-thirds of 36 economists don’t expect the move to increase the risk of overheating. The U.K. chancellor of the exchequer announced the decision to reduce transaction taxes on most homes on Dec. 3, just five months before the U.K. general election.

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