Illinois Ranks 1st In Affordable Housing Markets

A new study from the financial website NerdWallet finds the Midwest is best for affordability. The study, which used data from the Census and the National Association of Realtors, took a look at more than 173 metro areas to determine where homeownership is most feasible for the average consumer.

Home Properties Acquires Two Apartment Communities

Home Properties Inc. has revealed details about its purchase of two apartment communities:  The Gates of Deer Grove in Palatine, IL. for $20.2 million and The Courts at Dulles in Herndon, VA. for $92.75 million. With these transactions, Home Properties purchases for 2011 have reached $500.8 million. On November 30, Home Properties purchased The Courts

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Homesharing On The Rise As Tenants And Homeowners Look To Make Ends Meet

A new trend is emerging as more and more homeowners struggle to pay off their mortgages – “homesharing”. For those looking for a way to offset their mortgage expenses, renting out a spare bedroom in their home, particularly in more affluent neighborhoods where cheap accommodation is hard to find, is quickly becoming fashionable. According to

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Illinois Seniors Receive Automatic Property Tax Exemption

Close to 300,000 seniors in Cook County , Illinois will no longer have to file every year to continue to receive property tax exemptions, thanks to a new measure the Illinois State Senate authorized.  Under the current law, those who wish to receive the property tax exemption must file annual paperwork with the County Assessor.

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High Profile Chicago Developments up for Auction

One of Chicago’s largest and most high-profile land developments at Roosevelt Road and the Chicago River will be up for auction soon. The highly-prized 5+ acre development has 837 feet of riverfront property and 216 feet of frontage on Roosevelt Road. It neighbors many of Chicago’s great attractions, such as Soldier Field, the Museum Campus, and the University of Illinois/Chicago (UIC).

FHLBank San Francisco Gives $36.6M in Housing Grants

The Federal Home Loan Bank of San Francisco announced the second round of winners in its 2010 funding competition, awarding $36.6 million in Affordable Housing Program (AHP) grants.  The grants will help fund 60 projects with affordable housing needs in Nevada, Illinois , Colorado, New Jersey, Washington, California, and Arizona.  The projects will help create

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