Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
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As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
President Trump canceled a planned signing ceremony on Wednesday for a housing affordability bill that passed Congress by wide bipartisan margins.
Chicago city leaders on Wednesday announced a new effort to connect people with affordable housing.
The city has launched a new working group and pilot program intended to remove articles for those navigating what advocates call Chicago’s disjointed, opaque, and piecemeal system to find affordable housing.
Ground has been broken on a new 44-unit affordable housing development in the Chicago Lawn neighborhood.
A vacant lot in the Pilsen neighborhood will be transformed into affordable housing.
Mayor Brandon Johnson on Wednesday announced the city is investing more than $300 million into 15 affordable housing developments across the city.
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.
