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Real Estate

Mortgage rates are coming down — and homebuyers are ready to pounce

By Abha Bhattarai, Rachel Siegel
Sep 20, 2024 1:41 pm - For Americans mulling a home purchase, this week’s interest rate cut meant just one thing: It’s time to get back in the game. The Federal Reserve lowered interest rates b...
Townhouse plan for Wheeling’s Prairie Park clears hurdle

By Russell Lissau
Sep 20, 2024 11:10 am - Preliminary plans for a 48-unit townhouse development at Wheeling’s Prairie Park complex received the green light from the village board this week.
Mainstreet Organization of Realtors announces new president and board of directors

Submitted by Mainstreet Organization of REALTORS®
Sep 20, 2024 9:26 am - On Sept. 12, 2024 Mainstreet REALTORS® announced Connie Vavra as its president for 2024-2025. Located in Round Lake Beach, and part of the RE/Max American Dream Group, Va...
Violation fines should come after written notice and hearing

By David M. Bendoff
Sep 19, 2024 6:00 pm - Is your board handling violation fines properly? Illinois law allows the board to levy a fine for a violation of the declaration or rules, after providing written notice of a violation and an opportunity for a hearing. Further, the decision to levy a fine must be made at an open board meeting.
Deer Park to sell land to developer for $1.1 million

Daily Herald Report
Sep 19, 2024 10:13 am - The Deer Park village board will meet Thursday night to approve selling land to a developer for $1.1 million.
No water service during home inspection

By Barry Stone
Sep 17, 2024 10:36 pm - For a home inspector to inspect a home completely, the water service needs to be functional.
Michael Jordan finally finds buyer for his Highland Park mansion

Miranda Davis
Sep 17, 2024 9:13 am - Basketball legend Michael Jordan has found a buyer for his ultra custom mansion in Highland Park and is on track to end his years-long saga to sell one of the most iconic...
Yard House restaurant among new entries in ongoing Hawthorn redevelopment in Vernon Hills

By Mick Zawislak
Sep 16, 2024 9:05 am - Yard House restaurant, which features a large selection of draft beer, and two other businesses were announced as part of the ongoing redevelopment of the Hawthorn mall property in Vernon Hills.
Rent, utilities rose faster than home values for first time in a decade

By Rachel Siegel
Sep 15, 2024 5:44 am - The cost of rent and utilities in 2023 rose faster than home values for the first time in a decade, the latest sign that a distorted housing market has pushed more people...
Mortgage rates just fell again. Here’s what you need to know.

Scott Sowers
Sep 15, 2024 5:22 am - Mortgage rates fell on Thursday to their lowest level since April 2023 — 6.2% for a 30-year fixed-rate mortgage, down from 6.35% a week before, according to Freddie Mac.That’s a sharp drop from the high of 7.8% recorded last October and welcome news for would-be home buyers who have been priced out of the property market, as well as homeowners who bought at high rates and are eager to refinance.

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