The Historic Chicago Bungalow Association’s annual Green Home Expo returns to the Merchandise Mart this Saturday, October 27, from 10:00 a.m. to 4:00 p.m. The event will feature 150 vendors and 15 seminars about green building and restoration technology, including how to finance a green restoration and navigating Chicago’s building permit process.
The state congress voted to extend the Cook County homeowner’s property tax exemption at the last minute on Friday, continuing the allowance for another three years. The homeowner’s exemption is an attempt to cap property tax increases due to rising property values at seven percent per year. The new exemption will be increased from $20,000 to $33,000.
Before you catch yourself thinking that today’s tough housing market is an unprecedented event, read Mary Umberger’s column this week. She reminds us that real estate markets in every part of the country have suffered through tough times before that lasted much longer than the current market correction is expected to last. Remember, the latest housing boom took five years to reach its peak.
