Articles filed under Residential Real Estate
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Average long-term U.S. mortgage rate rises to 6.75%, second straight uptickJul 23, 2025 3:43 pm - The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers.
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Home sales fade in June as national median sales price hits an all-time high of $435,300Jul 23, 2025 3:38 pm - Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels.
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Community association proposes buyer fee changesJul 23, 2025 1:15 pm - A community association wants to change its declaration to establish a buyer/new member fee based on a percentage of the gross selling price, in addition to an existing seller resale fee.
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‘The Khayat touch’: Former Gurnee Holiday Inn being renovated and converted to apartments, boutique roomsJul 23, 2025 9:15 am - Khayat Enterprises, well known in Lake County, is in the midst of its of largest venture yet — the renovation and conversion of the former Holiday Inn in Gurnee to Ten Hotel Convention Center and Residences.
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Cary zoning panel delays vote on controversial mixed-use projectJul 20, 2025 8:17 am - Zoning commissioners have asked builders of a proposed luxury mixed-use development in Cary to come back with clearer details on traffic and property value impacts after a vote on the project was delayed until August.
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Hanover Park considering 199-unit luxury apartment complex in south commuter lotJul 18, 2025 1:48 pm - Hanover Park trustees have granted conceptual approval to a three-building, 199-unit luxury apartment complex proposed for the underused south parking lot of the village’s Metra station.
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Pritzker seeks more regulatory authority over homeowners insurance businessJul 18, 2025 12:33 pm - Gov. JB Pritzker is asking lawmakers to pass legislation this fall to give the state more control over the rising cost of homeowners insurance. His comments came after the Bloomington-based State Farm Fire and Casualty Company notified the Illinois Department of Insurance that it was raising premiums for residential property casualty insurance in Illinois by an average 27.2%.
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Naperville City Council OKs townhouse, row house developmentJul 16, 2025 4:26 pm - Naperville City Council members have approved plans for a 90-unit residential development near Naper Boulevard and Plank Road.
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Making progress: Spring Hill Mall demolition ahead of schedule and sparking developers’ interestJul 16, 2025 3:06 pm - Demolition work at the former Spring Hill Mall is moving faster than anticipated.
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Campton Hills postpones annexation hearing again on housing developmentJul 15, 2025 11:37 am - Campton Hills officials canceled a public hearing scheduled for Tuesday night on a 962-acre annexation to allow more time to work with Geneva District 304.