Articles filed under Residential Real Estate
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Federal Reserve is likely to slow its rate cuts with inflation pressures still elevatedDec 16, 2024 1:56 pm - Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected.
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More apartments, stores could be coming to downtown Des PlainesDec 13, 2024 2:21 pm - Months after it first was proposed, a plan for a seven-story apartment building with ground-floor retail spaces in downtown Des Plaines will be reviewed by the city council Monday.
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Schaumburg trustees unanimously approve senior group home over plan commission’s rejectionDec 11, 2024 1:03 pm - Schaumburg trustees have unanimously approved a special-use permit for the operation of a senior group home in an existing ranch house over the plan commission’s recommendation to reject it.
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Batavia residents will see slight increase on their property tax bills next yearDec 10, 2024 10:43 am - Batavia residents will see a smaller tax increase than planned after city council members decided to use additional reserve funds to cover a budget deficit.
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Vacant medical office building in Mount Prospect could turn into apartmentsDec 06, 2024 6:54 am - New life is being given to a vacant 1970s medical office building just west of the Union Pacific tracks on Central Road in Mount Prospect.
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Seller’s market: High interest rates, low inventory continue to complicate suburban housing marketDec 03, 2024 11:46 am - While many economists anticipate dropping interest rates to continue into 2025 and local Realtors are hopeful for a good start to the new year, Kane County real estate professionals don’t believe the Fed’s influence is as strong as other factors and expect current market trends to continue unless new construction picks up drastically.
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‘We just don’t see a path for this’: Second developer pulls out of Lisle projectDec 02, 2024 8:04 am - It’s back to the drawing board for the shuttered Family Square Plaza in downtown Lisle after another developer pulls out of a deal to buy the property.
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41 new single-family homes moving forward in HuntleyNov 26, 2024 10:08 am - A new subdivision with 41 single-family homes is on its way to the south and east of the Huntley Springs retirement facility.
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Apartment developer launches Yorktown mall project; first phase calls for 271 unitsNov 21, 2024 3:32 pm - Going into the busy holiday shopping season, visitors to Yorktown Center are seeing visible progress on a project to revitalize the Lombard mall.
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Group home conversions adding to options for assisted living in the suburbsNov 18, 2024 8:11 pm - The conversion of single-family houses into group homes in residential neighborhoods throughout the suburbs is becoming a popular alternative to traditional institutional living arrangements for for both non-profits and businesses serving elderly and disabled clients.