Here's a round up of this week's Chicago real estate news
-Three thousand new homes and a new hotel were proposed in the Pullman neighborhood. According to Crain's, the non-profit arm of a local banker is proposing a new home site at 720 E. 111th, pending zoning approval.
-Housing prices should hit rock bottom in March 2010 and start bouncing back up Bloomberg News reports that prices will drop 37 percent from their peak total, and after winter is over we will start to see some more action on the home-buying front.
- Messages from Montie says Urban Equities saved her from Chicago real estate nightmares: Fellow ChicagoNow-er says she's been through bad real estate, but this landlord doesn't have that problem.
-WSJ Blog reports commecial is falling next Home loans have apparently stabalized, but commercial foreclosures could take down some financial institutions (I hope you read about Block 37 this week)
-Vasrue Capital Investments launches capital acquisitions initiative Reuters reports that there are more ways to take care of your distressed properties and make some Chicago area neighborhoods better.
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