A Naperville resident, who has lived in the city for the past 19 years, is no stranger to property tax increases. Over the years, he and his family—his wife and their two teenagers—have lived in several homes within the city. While he had grown accustomed to seeing his annual property tax bill rise gradually, this […]
Author: Larry Johnson
$25K Down Payment Aid: Kamala Harris Plan for Chicago Homeownership
Vice President Kamala Harris recently put the nation’s housing crisis in the spotlight during the Democratic National Convention. This major event, which drew thousands of delegates, media, and other participants, was held at the United Center and McCormick Place. Harris used this platform to discuss the urgent housing issues facing the country. Harris Pledges to […]
Distinctive Characteristics of the Illinois Real Estate Market
The real estate market varies significantly from state to state due to various factors such as economic conditions, population growth, job market, tax policies, climate, and lifestyle preferences. In the case of Illinois, several unique characteristics distinguish its real estate market from others across the United States. The Illinois Economic Conditions and Job Market Illinois […]
Major Companies Reduce Office Space in Chicago Suburbs
The office space market in the Chicago suburbs is having a hard time due to the COVID-19 pandemic and the rise of remote work. In the second quarter of this year, companies vacated 180,000 square feet of office space, even though they signed leases for almost 500,000 square feet. This leasing activity was 46 percent […]
How Aurora City Council is Tackling Homelessness with a “Tough Love” Strategy
The Aurora City Council recently passed a set of measures aimed at addressing homelessness in the city. This approach, described as “tough love,” seeks to reduce the number of people living on the streets. Currently, around 300 individuals are experiencing homelessness in Aurora. Implementation of the Proposals One of the key proposals involves enforcing stricter […]
The Art and Science of Real Estate Appraisal in Illinois: A Key to Market Success
Real estate appraisal in Illinois plays a critical role in the buying, selling, and development of property across the state. As investors and homeowners navigate the complexities of the market, understanding the nuances of valuation and the significance of a licensed appraiser’s assessment is crucial. This article delves into the intricacies of real estate appraisal […]
Affordable Dreams: How Rockford Housing Market Became a National Sensation
Rockford, a city renowned for its rich history and vibrant community, has recently emerged as a frontrunner in the national housing market. This notable rise in its market dynamics has placed Springfield in the spotlight, offering a unique perspective on property management and investment opportunities in Cook County. Let’s delve into the factors contributing to […]
Property Management in Illinois: Tips for Beginners
Starting on a journey in property management in Illinois is both exciting and challenging. This field, vital in the real estate sector, requires a blend of skill, knowledge, and adaptability. For beginners stepping into this realm, understanding the basics is key to navigating the complexities of property management. This article aims to provide a comprehensive […]
Elite Riverfront Plaza: A High-Potential Investment Opportunity in Joliet’s City Center
In the heart of Joliet’s bustling City Center, the Elite Riverfront Plaza, once a promising investment by an out-of-state company, is now poised for a new chapter. Despite a significant $5 million renovation, this 96,000-square-foot office building, boasting stunning views of the Des Plaines River, has struggled to attract tenants. But, with its prime location […]
Chicago’s Unity Initiative: A Beacon of Hope for Migrants in Winter
The Salt Shed area in Goose Island now features a new migrant shelter. This facility offers a haven for migrants who were previously staying at a police station in the Near North Side. As winter sets in, over a dozen churches in the Chicago area have joined forces to support these asylum seekers. This collaborative […]
Starting Over in Illinois: Moving to the Prairie State
Moving to a new place often carries the promise of a fresh start and the pursuit of dreams that have long been on the horizon. Illinois, known for its diverse economic base and rich cultural history, offers unique opportunities for those looking to start anew. Whether you’re drawn to the bustling streets of Chicago or […]
The Illinois Real Estate Agent Exam: What You Need to Know 2023-2024
Becoming a real estate agent in Illinois is a rewarding journey that begins with passing the Illinois real estate exam. This crucial step ensures that all aspiring agents have the necessary knowledge and skills to serve clients professionally and ethically. If you’re preparing for the exam, you might be wondering: what topics are covered? What […]