Real Estate
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Profit margin on flipping a home is at a 17-year low due to high prices
Sep 27, 2025 1:30 pm - It pays less and less to buy and flip a home these days. From April through June, the typical home flipped by an investor resulted in a 25.1% return on investment, before expenses. That’s the lowest profit margin for such transactions since 2008, according to an analysis by Attom, a real estate data company.
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Lumber duties fail to stop price slump as housing demand falters
Sep 24, 2025 4:02 pm - When the Trump administration more than doubled import fees on Canadian softwood lumber earlier this year, the goal was to support domestic prices and boost U.S. production. Instead, prices have plunged, and mills on both sides of the border are scaling back.
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Planned industrial buildings in Schaumburg require demolition of 19 unincorporated homesSep 24, 2025 3:15 pm - A proposal for a pair of industrial buildings between Wintrust Field and Experior Logistics’ new trucking headquarters in southwest Schaumburg will require the demolition of all 19 houses along unincorporated Long Avenue.
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Condo budget approval timeline explainedSep 24, 2025 1:23 pm - Does the Illinois Condominium Property Act state a date by which a board must meet to adopt the annual budget?
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Schaumburg celebrates start of ‘Main Street’-like development of The District at VeridianSep 23, 2025 5:14 pm - Attendees of Tuesday’s groundbreaking ceremony for The District at Veridian, at the east end of Schaumburg’s former Motorola campus, got to see two months of progress on a nine-story apartment building above a ground-level restaurant and retail area.
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How a complete stranger tried to steal my dead father’s home
Sep 23, 2025 4:19 pm - A scammer forged a deed to steal a deceased father's condo from a grieving daughter, costing her $60,000 and months of legal battles.
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Smaller houses are on the rise. Are the days of McMansions over?
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Buyers find undisclosed electrical problemSep 23, 2025 2:13 pm - We bought a triplex about a year ago and hired a home inspector to find the defects. But he missed something that could cost us a lot of money.
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Barrington village board approves Claremont development, overrules plan commissionSep 23, 2025 12:00 pm - The Barrington village board overruled its plan commission, approving an 88-home gated community on the former PepsiCo site.
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Falling rates and a calmer market signal buyers to take action this fallSep 22, 2025 7:19 pm - This year’s August market is far faster moving in the Chicago area than elsewhere in the country.
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