Real Estate
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Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Dec 16, 2024 1:56 pm - Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected.
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Shodeen fines snowball to more than $41K for blacksmith shop
Dec 14, 2024 4:59 pm - With fines over its property code violation ratcheting up to $41,250 — as of Dec. 10 — developer Shodeen filed a new court action to undo the city of Geneva’s effort to make a former blacksmith shop “weather tight.”
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More apartments, stores could be coming to downtown Des PlainesDec 13, 2024 2:21 pm - Months after it first was proposed, a plan for a seven-story apartment building with ground-floor retail spaces in downtown Des Plaines will be reviewed by the city council Monday.
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Board can boot absent treasurer from office, but not boardDec 12, 2024 3:46 pm - The board of our condominium is comprised of seven members. The officers of the association are a president, vice president, secretary and treasurer. The treasurer has not attended any of the monthly board meetings in about six months. Is there any law that would allow the board to deem the board member in question removed from the board due to these absences?
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Should agents recommend home inspectors?Dec 11, 2024 1:53 am - Should real estate agents be recommending specific home inspectors? A reader weighs in on advice from an expert.
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Arlington Heights board inks deal to lower Bears’ tax bill until stadium construction beginsDec 09, 2024 9:59 pm - The Arlington Heights village board on Monday approved a deal nearly two years in the making that aims to resolve the property tax dispute between the Chicago Bears and three area school districts.
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Vacant medical office building in Mount Prospect could turn into apartmentsDec 06, 2024 6:54 am - New life is being given to a vacant 1970s medical office building just west of the Union Pacific tracks on Central Road in Mount Prospect.
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Bears would pay $3.6 million a year, under proposed Arlington Park property tax settlementDec 05, 2024 6:43 pm - The Chicago Bears would pay $3.6 million in property taxes a year at the sprawling Arlington Park property until construction begins on a stadium, under terms of a proposed agreement released Thursday by Arlington Heights officials.
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Boards must follow due process to levy a fineDec 04, 2024 11:57 pm - The board of a condominium cannot simply levy a fine if it thinks there has been a violation of rules. It must follow a statutorily mandated procedure.
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Seller’s market: High interest rates, low inventory continue to complicate suburban housing market