Michael Jordan's longtime personal residence in suburban Chicago is for sale for $29 million.The sprawling estate is in Highland Park, along Lake Michigan, and has more than 56,000 square feet of living space.That includes nine bedrooms, 15 baths and five fireplaces.There's also a three-bedroom gues
The real estate market is moribund. Prices have plummeted. So who knew that people were still making big bucks from flipping properties?Turns out, speculators have found new ways to profit amid the wreckage of the housing boom.
A lot can change over a decade; and not all of it necessarily good. When Dennis Rodkin wrote "The New Rules of Real Estate" for Chicago magazine back in 2000, the housing market was a hotbed of activity--but no longer.
Cities have been tearing down crumbling, vacant houses for decades. The money for municipal demolition bills usually comes out of city budgets, but in Cleveland the housing crisis has started to change that equation.Bill Beavers has lived on Cleveland's Dove Street since 1967.