| Mar 10, 2014
| 5:09 PM
The undercover informant who secretly recorded meetings with Ald. Howard Brookins as part of an FBI sting testified Monday that he also wore a wire for authorities after his 2008 arrest in a federal mortgage-fraud investigation.
Mhde Askar, who...
| Feb 19, 2014
| 12:06 PM
It should come as no surprise that in order to own a home in cities like New York or Los Angeles, you have to have a higher than average salary.
But what about other cities like Dallas, Chicago or even right here in Orlando?
| Aug 7, 2013
| 1:07 PM
President Obama paused on his trip through Los Angeles on Wednesday to conduct a novel interview on housing policy with the chief executive of the real estate website Zillow.com.
The president reiterated his call for the passage this year of a broad...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Oct 8, 2013
Dorothy Leonard has lived for 33 years in the same house on the same block in West Humboldt Park, one of the better blocks in the struggling West Side Chicago neighborhood.
She's the block's unofficial ambassador, shooing away young people who gather...
| Dec 5, 2013
| 12:04 PM
A former longtime Chicago police lieutenant pleaded guilty today to participating in a mortgage fraud scheme involving a Northwest Side real estate mogul and a crooked former suburban police chief.
Erroll Davis, 52, choked up as he entered his guilty...
| Dec 12, 2013
| 7:39 AM
The value of single-family homes in Cook County sold during the third quarter rose 12.7 percent from a year earlier, the biggest year-over-year gain in at least 16 years, data released Thursday show.
Year-over-year, third-quarter home prices rose 13.3...
| Dec 12, 2013
| 1:21 PM
WASHINGTON — Mayor Rahm Emanuel today joined the chair of JPMorgan Chase as the firm announced a five-year, $250 million effort to close the “skills gap” to curb unemployment in urban areas in the U.S. and Europe.
Chicago is among...
| Dec 15, 2013
The new homeowners on your block could be from out of town — Wall Street.
After amassing significant rental portfolios elsewhere, deep-pocketed institutional investors are descending on the Chicago area, buying up thousands of single-family homes...
| Dec 18, 2013
An alleged mortgage scam that swindled at least 54 suburban, primarily Hispanic homeowners out of $220,000 has resulted in three federal indictments.
Melvin T. Bell, 37; Monica Hernandez, 43; and Carlos Rayas, 39, face federal fraud charges tied to...
| Oct 20, 2013
Hoping to create 40 jobs and spark economic activity on a downtrodden corner, city officials helped pastor John Abercrombie build a fast-food restaurant a decade ago in South Austin.
All that remains of those hopes today is a vacant cinder-block shell...