Take a look inside one of Eastgate Villages newest townhomes. It offers a unique layout, spacious rooms, Chicago views, and luxury amentities.
Monthly Archives: September 2008
You may not think of Chicago’s Loop as the largest “college town” in Illinois, but according to a comprehensive study of higher education institutions in the Loop, Chicago’s downtown colleges and universities, with their 50,000+ students actually brings that distinct badge of honor.
The study also revealed how these educational institutions have a significant impact on the area’s retail, restaurant, real estate and construction industries, as well as affect the overall character of the downtown as a destination for work, play and residence.
In addition to generating capital projects that promote development, historic building preservation and job creation, the collective institutions represent one of Chicago’s top 25 employers and generate upwards of $775 million in direct and indirect economic activity annually.
Unless you’ve been under a financial rock the past week or so, doubtless you know of the federal government’s announcement that it would bail out two of the nation’s largest mortgage holders (by some accounts, they hold 50% of all mortgages in the U.S.), Freddie Mac and Fannie Mae.
But what does this mean for buyers? Noted below are some recent comments from real estate, mortgage and economic experts, though the general opinion is that the move will serve to stabilize the credit market and make any future declines in selling prices probably lower than they would have been had the bailout not taken place.