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Mary Ellen Podmolik

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  • Homeowners cutting loan term, tapping equity

     Homeowners cutting loan term, tapping equity
    The continued run of low mortgage interest rates is enticing more homeowners than homebuyers into new loans, as they look to shorten the time it takes to pay off their homes and, increasingly, tap into their equity.
  • Chicago Spire landowner boosts affordable housing portfolio

    Chicago Spire landowner boosts affordable housing portfolio
    A 628-unit affordable apartment building in Chicago's Old Town neighborhood will receive a multimillion-dollar upgrade after its $86.5 million acquisition by Related Cos. The fully leased Marshall Field Garden Apartments was set to lose its...

    Homeownership rate hits 22-year low

    Homeownership rate hits 22-year low
    It's becoming a familiar pattern, one that's not good news for home sellers and builders. The share of people who owned a home at the end of March slipped again, taking the nation's homeownership rate down to 63.7 percent, the lowest it's been in 22...

    Chicago home prices changed little in February

    Chicago home prices changed little in February
    Home prices in the Chicago area did little more than tread water from January to February but remained ahead of their levels a year earlier, according to a widely watched home price barometer released Tuesday. The S&P/Case-Shiller home price index...

    Chicago sells another 176 vacant lots for $1 each

    Chicago sells another 176 vacant lots for $1 each
    Chicago removed another 176 vacant lots from its rolls Friday, selling them to residents of the East Garfield Park neighborhood for $1 each. The transactions, part of the city's Large Lots Program, follows the sale earlier this year of 276 lots in the...