Articles filed under Residential Real Estate
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Mortgage rates are coming down — and homebuyers are ready to pounceSep 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...
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Townhouse plan for Wheeling’s Prairie Park clears hurdleSep 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.
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Assessment appeal workshop Thursday in Elk GroveSep 18, 2024 7:07 am - The public is invited to a property assessment appeal workshop set for 6 p.m. to 8 p.m. Thursday, at the Elk Grove Township headquarters, 600 Landmeier Road, in Elk Grove Village.
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With incentive deal reached, redevelopment of Arlington Heights gateway set to beginSep 17, 2024 5:50 pm - A developer will get $17.8 million in tax increment financing incentives from Arlington Heights for its $130 million residential and retail redevelopment of the village’s south gateway.
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Michael Jordan finally finds buyer for his Highland Park mansionSep 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...
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Second senior group home proposed in Schaumburg as first proposal droppedSep 16, 2024 3:46 pm - Schaumburg plan commissioners are expected to hear a proposal for a second, unrelated senior group home Wednesday after developers drop plans a first one.
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Yard House restaurant among new entries in ongoing Hawthorn redevelopment in Vernon HillsSep 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.
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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.