Foreclosures are surging as U.S. homeowners grapple with rising costs
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
Watch CBS News
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.
Overall, the mayor's borrowing plan would cost the city $2.4 billion through 2061.
The City Council Finance Committee has endorsed the plan after the mayor agreed to give aldermen more oversight of the plan, but a final vote has been put off until Friday at the earliest.
Aurora's Todd Elementary School closed in 2019, but it reopened on Wednesday as the new Fox Valley Apartments to house working families.
A couple of shuttered school buildings in Aurora have found new purpose. They'll serve as affordable housing for working people and families. CBS 2 visited the city as doors to one of those schools reopened for the first time in five years.
"They provide families and individuals with a place to lay down, to lay down their roots, to create memories, and to start new traditions."
Des Plaines police said the USPS driver claimed that he temporarily lost control of his vehicle, leading to the crash.
Chicago police said Damoni Gray, 12, was last seen on Nov. 28 in the area of the 7600 block of South Essex Avenue.
A man and a woman were charged after authorities said they buried an infant child at a home in Wilmington, Illinois, last year.
Elgin police officers were told by the agent that the crash occurred while they were conducting an enforcement activity.
A 54-year-old man was found unresponsive with stab wounds to his chest inside a residence on Saturday afternoon, according to CPD.
Two people who survived an early September U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Illinois Senator Dick Durbin is set to retire in 2026, but before he leaves Congress he is making one last attempt to pass the DREAM Act.
Former Chicago Tribune publisher and editor-in-chief R. Bruce Dold passed away this week.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Why is one school in the west Chicago suburb of Lisle paying a water bill three times higher than another? The answer has to do with a private utility company.
The Food and Drug Administration is warning about additional cookware brands that could be leaching lead into your food.
Walgreens said it will close its office space in Chicago's Old Post Office building.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
Two pregnant Black women recently faced alarming neglect at hospitals in Indiana and Texas, highlighting racial disparities in maternal care.
Illinois Gov. JB Pritzker on Tuesday signed a bill aimed at protecting vaccine access in Illinois.
Roseland Community Hospital on Monday celebrated the opening of a new sickle cell treatment clinic.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
U.S. Steel says it'll resume making steel slabs at its Granite City Works plant in Illinois amid strengthening demand.
Traffic at O'Hare International Airport is growing faster than expected, and this has Chicago city leaders wanting to make big changes to future construction plans at the airport.
Small Business Saturday was disrupted by the winter storm for many business owners in Chicago, but in the Rogers Park neighborhood, a group of business owners came together to draw customers.
Three different times over the past year, popular and longstanding Chicago stage theater spaces have made headlines for their demise. But it's not all bad news by any stretch.
A federal judge has called out an immigration enforcement agent for using artificial intelligence to write the narrative of a use-of-force report as just a small part of a scathing opinion that rebutted federal officials' narratives about appropriate force used against protesters and others during an ongoing immigration crackdown in Chicago.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Starting Wednesday, riders on the Chicago Transit Authority system will hear a recognizable Chicago voice during their commutes.
Three different times over the past year, popular and longstanding Chicago stage theater spaces have made headlines for their demise. But it's not all bad news by any stretch.
Joe Colborn, better known as Joe "JoBo" Bohannon on Chicago radio, died this week.
For 25 years, the moment has provided a true sense of the holiday tradition to families who struggle to make it happen.
Pooches and pet owners decked out in their holiday finest filled Rizzo's Bar and Inn on Saturday afternoon for photos with Santa and plenty of fun.
We will be waking up to snowfall on Sunday morning, which has prompted a winter weather advisory to go into effect Saturday night through Sunday morning.
Hegseth delivered the keynote address at the Reagan National Defense Forum on Saturday, pledging a commitment to bolster an "arsenal of freedom" and vowing to take on drug runners.
Chicago police said he was pronounced dead on the scene.
Elgin police officers were told by the agent that the crash occurred while they were conducting an enforcement activity.
A winter weather advisory will take effect overnight for the Chicago area and parts of Indiana. Here's what you can expect.
A man and a woman were charged after authorities said they buried an infant child at a home in Wilmington, Illinois, last year.
Des Plaines police said the USPS driver claimed that he temporarily lost control of his vehicle, leading to the crash.
The annual arrival of the Christmas Tree Ship was held at Navy Pier on Saturday.
A Chicago woman battling ALS said she's been struggling just to get a disabled parking space in front of her Bridgeport home.
Days after new Cook County Chief Judge Charles Beach ordered an urgent review of the county's electronic monitoring program, Sheriff Tom Dart said this crisis isn't new, and that he's been warning lawmakers of problems for years.
Charles Beach was sworn in on Monday as Cook County's first new chief judge in 24 years, and takes over amid a political firestorm over what appears to be systemic issues with how accused criminals are being monitored before trial.
Some Chicagoans found out the hard way on Monday that the overnight winter parking ban is in effect.
The electronic monitoring system in Cook County has come under increased scrutiny, after a woman was set on fire in a horrific arson attack on the Blue Line, with critics demanding answers as to why the suspect wasn't already behind bars.
Pascal Siakam scored a season-high 36 points, Bennedict Mathurin added 28 and the Indiana Pacers beat the struggling Chicago Bulls 120-105 on Friday night.
Sitting in 1st-place in the NFC standings isn't the only feel-good story for the Bears, as cornerback Nahshon Wright was named the conference's Defensive Player of the Month.
The Bulls dropped to 9-12 with their fifth loss in a row.
Braeden Bowman forced overtime for the Golden Knights when he put in his own rebound with 2:28 left in the third period.
Caleb Williams plans on picking up right where he left off the last time he faced the Packers.
The special edition locket was inspired by the James Bond film "Octopussy," which revolves around a plot to steal a rare Faberge egg.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
A woman from Chicago's northwest suburbs appeared in court Thursday for a shooting that killed another woman in the South Loop in September.
The man charged with pushing a CTA passenger onto the tracks at a Blue Line station in Chicago's western suburbs on Monday was ordered held in jail, after repeatedly interrupting the judge and prosecutors during his first court appearance on Wednesday.
A divided Wisconsin Supreme Court has agreed to take a case brought by the American Civil Liberties Union on behalf of an immigrant rights group.
