Equity Residential, benefiting from the moribund housing market, reported surging third-quarter results Wednesday evening.
The Chicago-based real estate investment trust, which owns more than 400 U.S. apartment properties, said funds from operations climbed 18 percent to $200 million, or 63 cents per diluted share, from $169.7 million, or 55 cents per share, in the year-earlier period.
Funds [...]
Entries Tagged as 'Chicago Real Estate News'
Equity Residential Capitalizing on Increased Chicago Apartment Rentals
November 7th, 2011 · No Comments
Tags: Chicago Real Estate News · Foreclosures
Midwest Farmland Rose 17% in Second Quarter, Chicago Fed Says
August 17th, 2011 · No Comments
Farmland values in one of the most productive regions in the U.S. Midwest rose 17 percent in the second quarter from a year earlier as higher grain prices made real estate more attractive, the Federal Reserve Bank of Chicago said in an e-mailed report.
Rising demand for wheat, corn and soybeans boosted earnings, supporting higher land [...]
Tags: Chicago Real Estate News
Chicago-Area 2Q Home Prices Fall 16.6%
August 13th, 2011 · No Comments
Sales of second-quarter existing homes in the Chicago area fell 16.6 percent from the same period last year, to 19,799 homes sold, the Illinois Association of Realtors said Wednesday.
The median price of all single-family homes and condominiums sold in the nine-county region also recorded a double-digit fall, dropping 13.3 percent to $170,000.
Within the city of [...]
Tags: Chicago Real Estate News
Real Estate Firm Exec Takes Kenilworth 4BD
August 11th, 2011 · No Comments
Dirk Degenaars and Caroline L. Degenaars bought a four-bedroom, 3.5-bath home at 328 Warwick Road in Kenilworth from Joan W. Moore and Charles J. Moore for $1.7 million on June 16.
The Moores paid $800,000 for the property in Aug. 1990. The 2,464-square-foot house was built in 1919 in East Kenilworth.
Mr. Degenaars works as a managing [...]
Tags: Chicago Real Estate News
Max. Property Tax Hike Sought for Chicago Schools
August 5th, 2011 · No Comments
Property taxes for schools would be raised to the maximum allowed by law for the first time in four years — costing the average homeowner an extra $84 — under a proposed Chicago Public School budget released Friday.
School officials also want to tap $241 million in reserve funds, eliminate $100 million in scheduled raises to [...]
Tags: Chicago Real Estate News
Chicago Home Prices Show Slight Increase
July 26th, 2011 · No Comments
While the real estate market continues to struggle toward recovery in Illinois and throughout the country, the most recent Standard & Poor’s/Case-Shiller Home Price Index had some good news for Chicago homeowners.
According to the report, home prices in the Chicago metropolitan area in May increased 1.7 percent over the previous month, but when compared to [...]
Tags: Chicago Real Estate News
Program Identified As Cause of Inflated Chicago Median Home Prices
July 23rd, 2011 · No Comments
A program used to analyze housing data has been identified as the cause of inflated median price calculations for the city of Chicago, the Illinois Association of Realtors announced today.
The program failed to recognize some data fields and subsequently eliminated an average of 11 percent of records per month beginning in November 2010; originally, they [...]
Tags: Chicago Real Estate News
Inflated Figures Raise Questions About Real Estate Data
July 19th, 2011 · No Comments
The Illinois Association of Realtors is trying to figure out a little price inflation. Last week the trade group admitted that it had been releasing some overly cheery housing data for Chicago. For example, last month the IAR had the median existing condo price in the city for May at $290,000 when it should have [...]
Tags: Chicago Real Estate News
Rob Blagojevich’s North Side Home For Sale
July 15th, 2011 · No Comments
A federal judge set bond at $450,000 for ex-Gov. Rod Blagojevich and ordered him to post his North Side house and Washington condo as collateral even though the former governor’s lawyers said the Chicago residence is for sale.
"I have no intention of violating the bond," Blagojevich said after U.S. District Judge James Zagel issued the [...]
Tags: Chicago Real Estate News
Chicago Median Home Prices Overstated
July 12th, 2011 · 1 Comment
The Illinois Association of Realtors confessed Monday that it has overstated the median price for homes sold in Chicago — possibly since it began reporting city data as its own category in early 2008.
The group said the mistake occurred in data processing and was not intentional. It acknowledged that data exaggerated the median sales price [...]
Tags: Chicago Real Estate News