Articles filed under Residential Real Estate
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Rent, utilities rose faster than home values for first time in a decadeSep 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...
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Mortgage rates just fell again. Here’s what you need to know.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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Sugar Grove OKs controversial 761-acre development proposalSep 11, 2024 9:53 am - Despite more passionate pleas from the public, the Sugar Grove village board approved the controversial The Grove development, and a tax-incentive financing district, Tuesday.
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Plan for more apartments in Mundelein moving forwardSep 10, 2024 7:19 pm - Plans for an apartment complex on Mundelein’s east side got an important stamp of approval from the village board Monday.
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The Biz Week That Was: A potential sales tax hike, new senior living, and gourmet cookies among the highlightsSep 08, 2024 5:48 am - Kildeer seeking local sales tax hike to offset loss of Best Buy, other factors Kildeer lost its top sales tax producer when Best Buy closed earlier this year. Anothe...
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‘I think this is way better’: After 2 years, a denial and several revisions, housing plan approved in Lake ZurichSep 04, 2024 10:49 pm - After two years, a denial and numerous revisions a new residential neighborhood has been approved in Lake Zurich.
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Aurora converts third shuttered elementary school into affordable apartmentsSep 04, 2024 9:21 am - Shuttered for 15 years, the 39,000-square-foot Lincoln Elementary School, originally built in the late 1800s, has been transformed into 14 new apartment units. The renovations incorporated historical elements from the school buildings, including trim, flooring, chalkboards, windows, doors, and locker-lined hallways.
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Custom home developer asks Lombard to annex siteSep 03, 2024 7:03 pm - Lombard trustees are weighing a developer’s proposal to build high-end, custom homes on nearly 4 acres between Meyers Road and School Street. Afsar Developers is seeking ...
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‘Making no progress’: Deal to redevelop vacant Lisle strip mall terminatedSep 03, 2024 5:19 pm - Downtown Lisle’s Family Square Plaza will remain shuttered a while longer. Developer Flaherty & Collins missed an Aug. 30 deadline to show it had financing in place for a project to demolish the downtown strip mall and build a 198-unit apartment building with retail on the first floor.
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Prairie Grove planners reject ‘modern living’ subdivision with townhouses, single-family homesSep 03, 2024 10:57 am - A proposal to construct more than 200 single-family homes and townhouses in Prairie Grove faced a setback after the village planning and zoning commission recommended denying the requested rezoning for the development.