Home prices around the country have fallen into a double dip. After declining around 30 percent from their peak, they started to rise a bit last summer with the help of a federal tax credit.But with that stimulus gone, prices are now sliding again to new lows.
The chairman of the Chicago Housing Authority board of commissioners is donating his $100,000 stipend to a college scholarship fund for public housing residents.James Reynolds is also kicking in another $25,000 of his own money to Windows of Opportunity, the CHA nonprofit, to start a special board o
Each Monday here on Venture, we aim to give you a headstart on the week's business news in Chicago. We want to get insight into the health of the economy by exploring how people all around us are experiencing it.
Home values in December fell to their lowest level since prices started to drop in late 2006, according to the Standard and Poor’s Case Shiller Home Price Index. They’ve now slipped all the way back to 2002 levels.Fran Bailey is a realtor with Baird and Warner in Chicago.