Posts in category "Chicago Politics"

Your Home Probably Increased in Value This Year — Finally

Your Home Probably Increased in Value This Year — Finally
Good news for homeowners: The Wall Street Journal reported, citing two different sources, that home prices are on the rise for the first time in several years. Anchored by a decrease in inventory, national home prices rose 2.5 percent in June compared to last year, according to CoreLogic Inc. The quarterly increase was 6 percent,... Read more »

Ad Firm Wants to Pay Your Mortgage For Ad Space

Ad Firm Wants to Pay Your Mortgage For Ad Space
Would you make your home a billboard? What if doing so allowed you to stay in your home a bit longer and avoid foreclosure? These are the questions some homeowners are asking themselves in light of the program launched by marketing firm Brainiacs From Mars, based in northern California. The company will offer to pay... Read more »

Cost of Ilinois Corruption? $38.85 Per Resident

Cost of Ilinois Corruption? $38.85 Per Resident
Former Chicago Alderman and current Head of the UIC Political Science Department Dick Simpson shed some light on just how corrupt Chicago is recently. On Feb. 15, Simpson, his colleagues and students published a comprehensive report on the lengthy conviction history of Chicago and Illinois. The research was presented before the City Council, and could... Read more »
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Same-Sex Marriage Bill Filed, But Its Future Uncertain

Same-Sex Marriage Bill Filed, But Its Future Uncertain
Last June, Illinois made civil unions legal with the Illinois Religious Freedom Protection and Civil Union Act. Yesterday, a trio of Illinois legislators vowed to take the next step by filing the Religious Freedom and Marriage Fairness Act, which is a full-fledged same-sex marriage statute. Same-sex marriages are currently banned by statute in Illinois. In... Read more »

Forbes: Chicago Sixth Most Miserable City

Forbes: Chicago Sixth Most Miserable City
In the type of story designed to generate page views and arguments, Forbes released its list of America’s Most Miserable Cities, and Chicago is No. 6 on the list. A bit further down on the list, Rockford comes in at No. 9, while Miami was deemed the most miserable city in America. The list takes... Read more »

Get Foreclosed, Get Paid?

Get Foreclosed, Get Paid?
Today’s typical foreclosure results in the property being sold at a sheriff’s sale for less — often, much less — than what the bank was owed on the previous mortgage. But that isn’t always the case. Although it’s rare, sometimes the sheriff’s sale fetches a sale price higher than the note, which results in a... Read more »
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Census Confirms Migration to Suburbs

For individuals in the real estate game, trends are often based on perception instead of figures, since most of the time figures are hard to come by or simply take too long to calculate. But you can ‘feel’ certain things happening in and around the Chicago real estate market. Those feelings were confirmed by yesterday’s... Read more »

Daley's Departure: The Real Estate Ramifications

On Wednesday, Mayor Richard M. Daley announced he will not seek re-election, thus ending his 21-year reign as mayor of Chicago. It has been a remarkable tenure for Daley, who is now known internationally for his often-brash method of city management and handling the media. As his mayoral run comes to end and politicians line... Read more »

New Rules for Converting to Condo

Mayor Richard M. Daley announced new regulations yesterday targeting apartment landlords who convert to condos. Daley will formally introduce the proposal at the City Council meeting on Wednesday, Sept. 8. Under the new plan, developers and building owners will be required to give more notice to renters that their units are going to be converted.... Read more »
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How Classroom Sizes Affect Chicago Real Estate

Today the Chicago Public Schools teachers union is expected to file a lawsuit attempting to prevent CPS from an across-the-board classroom-size increase. It’s a final effort in the classroom-size war from the embattled union, one which will once again draw attention to the fact that CPS is in trouble. As a CPS alum from Kindergarten... Read more »