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the latest on real estate

11/19/08

06:09 AM

Housing Bulletin: The Expanding Impact of the Housing Crisis

Two recent reports from expert analysts of the Chicago housing scene shed new light on the impact of the recent troubles affecting the local residential real-estate market. One report shows that renters of high-end apartments are benefiting from the downtown condo glut, while the other indicates that the foreclosure wave is sweeping into Latino neighborhoods after initially hitting African American neighborhoods hardest...

11/17/08

07:20 AM

Sale of the Week: Two Steps Toward a Quick Lincoln Park Sale

List Price: $2.395 million
Sale Price: $2.2 million
The Property: Although just four years old, this 13-room house in west Lincoln Park got a $50,000 makeover before going on the market in September. What’s more, the residence was priced $75,000 below what its sellers had originally paid for the...

11/13/08

08:19 AM

On the Market: B. J. Armstrong’s Highland Park Home

List Price: $2,802,500
The Property: The retired NBA star B. J. Armstrong has owned this six-bedroom house on a secluded street in Highland Park for 14 years, during which time he played for the Bulls and three other teams, worked in the Bulls’ front office, and provided commentary for a TV sports show. He listed the residence for sale late this past summer with an asking price of $2.95 million; in late October he cut the price to...

Where to Buy Now
by Dennis Rodkin
The silver lining behind the residential real-estate collapse is the opportunity for housing bargains. Here are 14 up-and-coming Chicago neighborhoods and suburbs where prices are relatively low and the promise for future growth is strong.