Mortgage rates rise as Iran war heightens U.S. inflation fears
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
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Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
The lot on the 3200 block of West Division Street has sat empty for seven years, but could become a six-story affordable housing building.
As of now, the proposed plan is to create a six-story affordable housing building for 44 families.
There is a new push to turn Loretto Academy, in Chicago's Woodlawn neighborhood, into homes.
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
Community leaders at the Grand opening said that the Avenue Apartments was almost nine years in the making, and the doors are a beacon of stability and health for the Westside.
The building offers one and two bedroom apartments, with rent is set between $1,400 and $1,600 a month.
City attorneys have said that taking the lawsuits to trial would have cost the city far more — up to $500 million — to resolve the avalanche of wrongful conviction cases tied to former Sgt. Ronald Watts.
The agendas for the last few City Council meetings were 70 to 80 pages long, while the agenda for the meeting on Thursday is 114 pages. Lauren Victory reports.
The historic Lawson House, a former YMCA on Chicago's Near North Side, won a historic preservation award Tuesday for the $128 million restoration project that revitalized the building.
Chicago city officials cut the ribbon on a brand new mixed-used affordable housing development in Englewood Wednesday.
Illinois Gov. JB Pritzker cut the ribbon Wednesday at a party celebrating upgrades to apartments in the west Chicago suburb of Maywood that are putting smiles on the faces of the residents.
Illinois Gov. JB Pritzker cut the ribbon Wednesday at a party celebrating upgrades to apartments in the west Chicago suburb of Maywood that are putting smiles on the faces of the residents. Noel Brennan reports.
The City Council Zoning Committee advanced a proposal to legalize so-called "granny flats" citywide, allowing Chicago homeowners to build basement, attic, garage, and coach house apartments on their property without obtaining permission from their alderperson.
According to the Chicago Department of Housing, the building will have 45 units, including 10 studios, 15 one-bedrooms, 10 two-bedrooms, and 10 three-bedroom apartments.
Tim Swanson, founder of Inherent Homes, has found a way to keep costs down for both his company and families.
Tim Swanson, founder of Inherent Homes, has found a way to keep costs down for both his company and families. Lauren Victory reports.
On Friday, the ground was finally broken on the last phase of work.
The plan would set up a city-owned nonprofit developer to oversee a $135 million fund to provide loans to developers to build environmentally friendly affordable housing.
The plan would set up a city-owned nonprofit developer to oversee a $135 million fund to provide loans to developers to build environmentally friendly affordable housing.
These affordable homes will be near Ferdinand and Lockwood. The nonprofit says construction of the first three homes in Austin is expected to be completed by next year.
To make the LaSalle Street corridor feel more like a neighborhood, the city plans to build 1,400 mixed-income apartments in the coming years.
Scott is giving $15 million to the Community Investment Corporation, a nonprofit lender that helps buy, rehab, and preserve affordable rental housing.
Banking giant J.P. Morgan Chase is lending $10 million to help build affordable housing in some of Chicago's poorest neighborhoods. Governor JB Pritzker attended the announcement in South Austin.
Chanting in celebration, Illinois fans basked in a second-round victory in the tournament over Virginia Commonwealth University.
The Yorktown, New York, community continues to grieve the loss of 18-year-old Sheridan Gorman.
Illinois will now go on to face Houston on Thursday, March 26, at the Toyota Center.
Police said the 84-year-old woman was found unresponsive after CFD crews extinguished the fire.
Thousands of runners will hit the pavement in Grant Park to participate in an 8K run or 2-mile walk.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
Chicago's public safety plan is in flux after Mayor Brandon Johnson fired his deputy mayor of community safety, Garien Gatewood.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
The first Marine Expeditionary Unit, which is coming from the Pacific, is still making its way toward the region.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Officials in the north Chicago suburb of Wilmette issued a warning Tuesday about scammers who are impersonating representatives of village departments.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
Hundreds of workers were locked out of the BP refinery in Whiting, Indiana, on Thursday after contract negotiations failed to produce a deal ahead of a midnight deadline.
The artificial intelligence and cryptocurrency industries have suffered a setback as they try to reshape the midterm elections and establish themselves as power players in American politics.
Wednesday marked the last day to help celebrate Lou Malnati's pizzeria's 55th birthday with a special deal.
Despite a rash of restaurant closures, veterans of the plant-based food business pushed back against prophecies of doom — and in one case argued that such closures notwithstanding, plant-based eating is only growing.
Two popular Chicago craft breweries – Half Acre Beer Co. and Maplewood Brewery & Distillery – announced on Tuesday they are merging to create a new "premier Chicago beverage company."
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Acclaimed Chicago bar and music venue The Hideout has been sold to a performer and former employee, but the owners said it will carry on as the same beloved place that visitors have always known.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
The late Sister Jean has been honored with T-shirts, socks, and bobbleheads — and now her spirit lives on with a new documentary.
Robert Mueller, the former FBI director who led a special counsel probe into ties between Russia and Donald Trump's presidential campaign, has died.
Clouds are increasing Saturday night leading to a chance of spotty rain showers on Sunday as a cold front moves through.
Police said the 84-year-old was found after fire crews extinguished the fire.
Fans are looking forward to the Illini continuing their run in the Sweet 16 but recognize that the competition only gets tougher.
The phenomenon was technically on Friday, but the cloudy weather got in the way of a clear shot.
Thousands of runners will hit the pavement in Grant Park to participate in an 8K run or 2-mile walk.
Suspect Sheaves Slate, 27, did not appear in court on Saturday as he is still in the hospital at Saint Joseph.
Chicago police are questing a person of interest in connection with the fatal shooting of Loyola University student Sheridan Gorman.
Chanting in celebration, Illinois fans basked in a second-round victory in the tournament over Virginia Commonwealth University.
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
United Steel Workers union representatives said that some workers had already had their access cards deactivated.
Have you ever walked into a business with no employees? You may soon; autonomous businesses are becoming more popular.
Streets were left pooled with rainwater, and homes flooded after Sunday night's storms. Residents say there is one clear solution
Attorneys for the family of a woman killed in a crash during a high-speed police chase in 2017 say officers involved failed to activate their body cameras or turned them off during the pursuit.
A new specialized unit is being created to prosecute domestic violence homicides in Cook County, as these killings surged 15% last year, even as overall violent crime declined across Chicago.
Chanting in celebration, Illinois fans basked in a second-round victory in the tournament over Virginia Commonwealth University.
Illinois will now go on to face Houston on Thursday, March 26, at the Toyota Center.
Nathan MacKinnon had three assists in Colorado's 4-1 victory over the Chicago Blackhawks, helping the Avalanche become the first NHL team to clinch a playoff spot this season.
The Fighting Illini are dreaming of a trip to the Sweet 16 after a dominating win Thursday night against Penn. Next up for No. 3-seeded Illinois is a showdown with No. 11 seed VCU on Saturday night.
David Mirkovic had 29 points and 17 rebounds, and No. 3 seed Illinois dominated No. 14 seed Penn 105-70 on Thursday night in the first round of the NCAA Tournament.
Kendra Duggar was charged with multiple misdemeanors a day after husband Joseph Duggar's arrest.
A man was charged Thursday after a long police chase that alternated between high and low speeds on interstates through Chicago's north suburbs the day before.
The man who attacked a synagogue in Michigan last week sent a photo of himself with the AR-style rifle he had during the attack to a family member in Lebanon, according to a U.S. official.
A man from Chicago's northwest suburbs stood charged Tuesday with leaving the scene of a crash and driving drunk, after authorities said he hit a pedestrian overnight near Barrington, Illinois.
A man stood charged Tuesday in two separate shootings that wounded a Chicago police sergeant and a 63-year-old woman in the Pullman and Roseland neighborhoods this past weekend.
