Radio gadfly Joe Aldeguer – you know him from WLS as “The king of real estate! The wizard of creative thinking! The master of making the deal!” – has closed his suburban mortgage-lending business, the Mortgage Exchange, and faced foreclosure on two of his own properties.
Harris Bank filed foreclosure cases against Mr. Aldeguer to collect [...]

One dollar can get you a large soda at McDonald’s, a used VHS movie at 7-Eleven or a house in Detroit.
The fact that a home on the city’s east side was listed for $1 recently shows how depressed the real estate market has become in one of America’s poorest big cities.
And it still took 19 [...]

There’s finally some good news on the residential real estate market: July’s pending home sales are up 6.2 percent from the same month a year earlier – the first time in two and a half years that housing statistics have posted a year-over-year increase.
But there’s an important proviso behind the new numbers, announced Tuesday morning. [...]

An executive with the North Dakota Association of Realtors says North Dakota’s housing market is slowing but it’s still stable.
Executive Vice President Jill Beck says that on average, less than 1 percent of loans are defaulted in North Dakota, and houses are selling for roughly the same price they were a year ago.
Figures from the [...]

We have all heard the tales of woe in the housing market. But for those who make their living in the world of buying and selling the aches and pains are even more acute.
“I sold a house a week ago for 30 thousand dollars,” Coldwell Banker Burnett realtor Faith McGown said. “That’s the lowest ever [...]

When it comes to commercial real estate, Chicago and its suburbs are doing better than the nation as a whole. But two recent reports depict the market for office space here as less than vigorous.
“All market fundamentals in Chicago appeared to be losing steam during the second quarter as leasing activity slowed, vacancies rose and [...]

Growth in Urbandale is slowing as the housing market continues to weaken. But officials said affordable homes, a low tax rate and quality city services have continued to attract new families and couples.
New estimates released July 10 by the U.S. Census Bureau show many Iowans are being drawn to the suburban lifestyle. Overall, Iowa continues [...]

Davis Homes, one of Central Indiana’s largest neighborhood developers and homebuilders will stop its normal business operations on July 23 due to a severe downturn in the housing market. Started in 1985, the local, family-owned company built more than 12,000 homes in more than 80 neighborhoods across Central Indiana but was hit hard by the [...]

With the year half over, it’s time to take the pulse of office and industrial real estate.
Yes, there’s a pulse, but it’s growing a bit erratic.
Downtown Chicago’s market for office space looks healthy. According to the global real estate service firm UGL Equis Corp., 12.4 percent of downtown office space was vacant in the second [...]

Sprouting up like weeds across the country, foreclosures show no signs of abating but offer buyers the chance to purchase homes at affordable prices. Banks are selling their foreclosed properties at auction at tremendous discounts to avoid losing more money on these loans.
Hudson & Marshall, America’s leading foreclosure auction firm, will auction over 200 bank-owned [...]