Real Estate

Whether or not Illinois ever establishes a functioning agency to settle the complaints of community association homeowners remains to be seen. The Condominium and Common Interest Community Ombudsman Act was passed in 2015 and amended, and its deadlines are stretching further into the future. The.

On June 22, the city of Chicago adopted an ordinance that establishes regulations for condominium and homeowners associations affected by the recent surge in home-sharing and vacation rentals — the so-called Airbnb ordinance. As part of the ordinance, the city of Chicago will maintain a Prohibited.

Community association homeowners are obligated to pay assessments, usually monthly or quarterly, to maintain the common elements of the property. If they don t, they could lose their homes. The Illinois Forcible Entry and Detainer Act allows associations to get court orders granting them possession.

Real estate news and advice

I got an email last week from a New York television producer with this in the subject line: Casting Flippers For New TV Series. It was from the company that created such reality shows as Property Brothers and American Pickers. For a fleeting moment my pulse quickened, but then I read the.

There comes a moment in every one of the approximately 27 shows currently running about so-called tiny houses when the person looking at such a potential home says this: It s a little, I don t know, small. Yes! I used to scream. It is a lot small! You are being filmed by people from a TV show.

When Beth Doherty found her future home in Indiana, it was by mistake. Visiting property her sister-in-law purchased in 2002, she discovered Beverly Shores, Ind. where she and her husband moved in 2010 after living in Bucktown for two decades. You can see the skyline from the shore, and there s.

Here are the nation s best markets for first-time home buyers, according to an analysis from Zillow. The list was determined by reviewing median home values, affordability, inventory and cash buyer competition.

Millennial homeownership rates are way, way down. And believe it or not, that s probably a good thing. Across all age groups, the U.S. homeownership rate — at 62.9 percent — has now fallen to its lowest level in more than five decades. Among younger Americans only, things look especially paltry.

When rehearsal is over and the stage lights dim, a lot of Chicago stage artists head straight to the comforts of their own homes. But what about out-of-town talent? A number of Chicago s major theaters and performing arts companies look nationally or internationally for their casts and performers.

If you ve ever wanted a view from the top, there s not much better than a Chicago penthouse. You can wine-and-dine in places like the John Hancock s Signature Room on the 95th floor or get a view of four states from Skydeck Chicago. But what if you could wake up in a home that stretches itself.

Does the federal tax code now favor unmarried partners when it comes to deducting mortgage interest on jointly owned houses with supersized mortgages? Can certain co-owners save big money on taxes by staying single, rather than getting married? In the wake of a little-publicized move by the IRS.