Articles filed under Residential Real Estate

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Algonquin gives initial approval for high-end homesApr 28, 2013 12:00 AM
A preliminary green light has been given for a developer to build a subdivision of 25 high-end homes on 26 acres on North River Road in Algonquin. The Algonquin village board, meeting in committee, granted the early approval. But two neighbors question whether the development, called River Ridge Estates, would exacerbate traffic and flooding headaches.
Frank Lloyd Wright homeowners seek originality Apr 28, 2013 12:00 AM
"Residential archaeology" is what Mary Ludgin of Oak Park calls much of the work she and her husband, Mark Donovan, have done over the past 14 years on their 1896 Frank Lloyd Wright-designed home. They are the owners of the Louisa and Harry Goodrich House, one of the nine homes that will be featured on this year's Wright Plus Architectural Housewalk.
Classic toys stay popular; many are collectibleApr 26, 2013 12:00 AM
In a megabyte-driven world, you'd think kids would be playing solely with mega-tech toys But at the recent Toy Fair 2013 in New York, buyers gathered like kids on a playground around the booths stocked with the classics — wooden play sets and ride-on toys, craft materials, table games and building sets.
New home sales strengthen as U.S. Builders drive growth Apr 23, 2013 12:00 AM
Sales of new U.S. homes advanced in March as near record-low mortgage rates helped the industry complete the strongest quarter since 2008, putting the economy on firmer footing. Purchases of single-family properties climbed 1.5 percent last month to a 417,000 annual pace, Commerce Department figures showed today in Washington. The median estimate of 76 economists surveyed by Bloomberg called for March sales to rise to 416,000.
Illinois home prices post gains Apr 23, 2013 12:00 AM
Statewide home sales (including single-family homes and condominiums) in March 2013 totaled 10,992 homes sold, up from 9,679 in March 2012. Statewide sales have posted monthly year-over-year gains since July 2011.
Des Plaines inspects homes damaged by flood Apr 23, 2013 12:00 AM
Four crews of Des Plaines housing inspectors were out in force Tuesday, knocking on doors of homes along the floodplain to gauge the extent of damage. Inspections began last Thursday after the Des Plaines River breached its banks Wednesday night and flooded residential neighborhoods all along the river, and many businesses downtown and along Oakton Street.
Retirement allows seniors to pursue passions Apr 22, 2013 12:00 AM
What do you do when you retire and suddenly find the days stretching out in front of you with no meetings to attend or deadlines to meet? Retirees across the suburbs confront this reality every day. Many choose to stay active by pursuing a longtime passion, exploring a new career or choosing to serve others.
Wright Plus tour adds five rarely seen homes Apr 21, 2013 12:00 AM
The 39th annual Wright Plus Architectural Housewalk, showcasing the architecture of Frank Lloyd Wright and his contemporaries, will take place 9 a.m. to 5 p.m. Saturday, May 18 in Oak Park. The all-day event will include rare interior tours of the following private homes:
Outdoor lighting options abound Apr 21, 2013 12:00 AM
Many Americans have embraced outdoor decorating, filling their yards with fluffy sofas, gleaming end tables and even outdoor rugs. Chris Lambton, landscape designer and host of HGTV's "Going Yard," advises his clients to give as much thought to the lighting of their outdoor space as they do to the furnishings.
To sell or not to sell a flood-prone home? Apr 21, 2013 12:00 AM
Suburban homeowners left out in the cold by Thursday’s flooding in the North and Northwest suburbs may be looking at bailing out more than just floodwater after this latest storm. Selling a flood-damaged house right after a major storm may be virtually impossible for homeowners seeking a way out.
After severe flooding, why they chose to stayApr 21, 2013 12:00 AM
It's easy to feel sorry for flood victims. But some of the people forced out of their homes by last week's flood are hardly having pity parties. In fact, they'll give you plenty of good reasons why they wouldn't live anywhere else. Here are their stories, from Des Plaines, East Dundee, Elgin, Fox Lake and Glen Ellyn.
Inexpensive ways to give your bathroom a spalike feel Apr 20, 2013 12:00 AM
Upscale hotels get bathrooms right. The puffy white towels are carefully folded and stacked, toiletries are lined up in a countertop tray even the toilet paper is folded into a neat point.
FEMA tips on flood aftermathApr 20, 2013 12:00 AM
A look at what homeowners should do in the aftermath of a flood
Des Plaines River receding; officials describe evacuation Apr 19, 2013 12:00 AM
The Des Plaines River began to fall in Des Plaines Friday evening after reaching a record high of 10.92 feet. Some residents in flooded neighborhoods waited until the last minute to ask for the city’s help with evacuation, which is being done with fire department boats and high-clearance vehicles, said Tim Oakley, who is leading the city's response.
Mt. Prospect senior housing plan back on track Apr 19, 2013 12:00 AM
After a slow start, plans are forging ahead for a senior development at the southeast corner of Wolf and Kensington roads in Mount Prospect.
Warrenville: No condemnations in proposed TIF district Apr 17, 2013 12:00 AM
Warrenville officials are trying assure property owners in a proposed tax increment financing district that the city won't force them to sell their homes and businesses. Eminent domain, said Mayor David Brummel "is not a tool that we intend to use."
U.S. housing starts surpass 1 million in March Apr 16, 2013 12:00 AM
U.S. builders broke ground in March on homes at a seasonally adjusted rate of 1.04 million, the fastest since June 2008. The gain was driven by a surge in apartment construction and showed continued strength in the housing market at the start of the spring-buying season. The Commerce Department says builders increased their construction pace 7 percent in March from February.
Palatine to consider housing for people with mental illness, disabilities Apr 14, 2013 12:00 AM
Motivated by the severe shortage of facilities and undeterred by resistance in two nearby suburbs, several organizations have banded together to propose a permanent supportive housing development in Palatine. Proponents see the development as a vital step to increasing the supportive housing stock and helping more residents begin their journeys toward recovery.
Low-income apartment project reopens in Chicago Apr 13, 2013 12:00 AM
Chicago community leaders are celebrating the reopening of an 89-unit apartment complex on the city's Near West Side. The renovation of the Harvest Commons complex, which can house about 90 people, cost $22 million.
U.S. rate on 30-year mortgage falls to 3.43 pct. Apr 11, 2013 12:00 AM
Average U.S. rates on fixed mortgages fell sharply this week and moved closer to historic lows, keeping home-buying and refinancing attractive. Mortgage buyer Freddie Mac says the average rate for the 30-year fixed loan fell to 3.43 percent from 3.54 percent last week. That’s near the 3.31 percent reached in November, which was the lowest on records dating to 1971.