Category Archives: residential real estate

Want to walk away from your mortgage loan? Jon Maddux will help

Posted on May 16, 2012 by

Jon Maddux helps homeowners walk away from their mortgage loans, even if they can afford to make their monthly payments. And he doesn’t feel guilty about it. “Who created the housing bubble? Wall Street and the banks,” Maddux said. “They … Continue reading →

Posted in residential real estate | Tagged , , , | 3 Comments

Disconnect remains between real estate agents and homeowners

Posted on April 2, 2012 by

The disconnect between residential real estate agents and homeowners isn’t disappearing. For proof, you can check out the 2012 first quarter Illinois home values survey conducted by real estate Web site HomeGain. According to the survey, 50 percent of real … Continue reading →

Posted in residential real estate | Tagged , , | 2 Comments

HomeGain survey: If you’re underwater on your mortgage today, you’ll probably be underwater in six months, too

Posted on March 21, 2012 by

It’s common knowledge that the commercial real estate market is largely at the mercy of the residential housing market. Consumers tend to lose confidence when the homes they spent $400,000 to buy are now worth $200,000. And when consumers aren’t … Continue reading →

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Statistics point to commercial real estate recovery. Real life? Not so much

Posted on February 26, 2012 by

The broker did not want me to use her name. But I can say that she works in the south suburbs of Chicago for a big-name real estate company. And when I spoke to her by phone last week, she … Continue reading →

Posted in Chicago Commercial Real Estate, national commercial real estate, residential real estate, retail | Tagged , , | 2 Comments

Freddie Mac debacle the last thing real estate industry needs

Posted on January 31, 2012 by

Is it any wonder that most people don’t trust the real estate industry? Just consider the recent investigation of NRP and ProPublica. The two news agencies found that Freddie Mac purchased billions of dollars worth of complex mortgage-backed securities that … Continue reading →

Posted in national commercial real estate, residential real estate | Tagged , , | 3 Comments

Sam Zell: Is the love affair with single-family housing over?

Posted on January 25, 2012 by

Is the love affair between U.S. consumers and their single-family homes coming to an end? For younger consumers, this seems to be the case. And for Sam Zell, real estate celebrity and chief executive officer of Chicago’s Equity Group Investments, … Continue reading →

Posted in Chicago Commercial Real Estate, multi-family, residential real estate | Tagged , , , , | 1 Comment

MetLife acquires luxury apartment tower in Chicago

Posted on January 16, 2012 by

MetLife Inc. has announced that it has, through a subsidiary, purchased EnV, a luxury multifamily property located in Chicago’s River North neighborhood. The company purchased the property from LYND Development Partners, the original builder of the tower. “EnV is an … Continue reading →

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Should lenders pay homeowners not to walk away from their mortgage loans?

Posted on October 21, 2011 by

Should underwater homeowners receive a financial reward for resisting the urge to walk away from their mortgage loans? A New Jersey company seems to think they should. The trade publication Collections & Credit Risk recently covered a new product offered … Continue reading →

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There is some good housing news out there … and that’s good news for commercial real estate

Posted on August 25, 2011 by

If you’re wondering why the commercial real estate recovery seems to be such a slow — albeit fairly steady — one, look no further than the single-family housing market across the country. It’s still struggling. And as long as it … Continue reading →

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Walk this way: CBD landlords benefit from walkable locations

Posted on July 22, 2011 by

With real estate, the old axiom always rings true: It’s about location, location, location. A recent study from Gary Provo of the University of Arizona and Jeffery Fisher of Indiana University took this idea to the next level and measured … Continue reading →

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