Real Estate
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May home sales barely move as high mortgage rates, prices, weigh on housing market
Jun 23, 2025 10:18 am - Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase.
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‘Not very appealing’: Campton Hills to get almost $10M in fees from developer, but District 304 left out
Jun 23, 2025 8:52 am - Campton Hills stands to receive $9.45 million in permit fees from a proposed annexation of 962 acres with 900 homes, according to a draft annexation agreement.
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The difference between commissions and committees in HOAsJun 21, 2025 7:26 am - Many HOAs establish what are actually commissions and call them “committees” in error. The improper delegation of board authority to a committee or commission can undermine the legality of actions taken by that group.
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Homebuyer cracking up over builder’s warrantyJun 21, 2025 7:26 am - Homebuyer discovers concrete defects after warranty expires. Builder attempts cheap repair that fails. Homeowner should seek legal advice to get builder to properly fix or replace concrete.
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Mainstreet Realtors: Buyer demand holds strong as suburban home prices hit new highsJun 20, 2025 4:22 pm - The Chicago area’s suburban housing market is heating up again, with more homes under contract in May, even as prices continue to increase. Pending sales rose in both the detached and attached markets, signaling strong buyer interest.
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New options: Developer presents revised plans for former Haeger Potteries site in East DundeeJun 17, 2025 6:55 pm - East Dundee officials are raising concerns about the initial plan for the former Haeger Potteries site in East Dundee. A developer wants to transform the site into a mix of townhouses and apartments. However, village board members are worried about a lack of parking.
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Hoffman Estates approves $385,000 purchase of TIF-funded landJun 17, 2025 1:49 pm - The Hoffman Estates village board unanimously authorized the $385,000 purchase of 11 acres of land Monday as part of a TIF district redevelopment plan.
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Developer wants to build duplexes near Route 47 in Huntley. The village board isn’t thrilled.
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Wheel Haus restaurant coming to Wheeling Town CenterJun 17, 2025 11:04 am - The entrepreneurs behind the Moretti’s chain want to open another restaurant in the Wheeling Town Center complex.
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Hawthorn Woods panel holding special meeting on Kemper Ridge proposalJun 16, 2025 8:14 pm - A plan introduced in February described as meeting a demand for smaller housing options in Hawthorn Woods has been revised to include fewer homes and more open space.