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Housing plan for 34 acres in South Barrington gets cool reception from village board

Housing plan for 34 acres in South Barrington gets cool reception from village board A plan to build homes on 34 acres of vacant land in South Barrington got a cool reception from the village board Thursday, officials said. Daily Herald File Photo, 2018   Updated 4/1/2021 5:01 PM A plan to build homes on 34 acres of vacant land in South Barrington got a cool reception from the village board Thursday. The property being eyed for development is on the southeast corner of Route 59 and Bartlett Road and is owned by the South Barrington Park District. The land once was home to a tree nursery.   The park district bought the land years ago. But because of its topography and other factors, officials determined the land isn t ideal for recreational activities and would require significant funds to develop, park district Executive Director Jay Morgan said.

HDFC Capital and Cerberus to provide capital solutions to India residential projects

HDFC Capital Advisors and an affiliate of Cerberus Capital Management, L. P. (Cerberus) have partnered to target the creation of a special situations platform (the Platform) focused on high-yield opportunities in the Indian residential real estate sector. The Platform will seek to purchase inventory and provide last-mile funding for under construction residential projects across India, among other real estate-related opportunities. The development of the Platform is in response to a series of shocks to the Indian residential real estate market that have created a significant need for capital. Many buyers have been unwilling to fund projects in advance of completion while traditional financing channels have come under severe pressure. The Platform intends to partner with quality developers to provide capital solutions and expedite project construction and completion.

Lots of commercial space in Wilmington, but market infill is coming

Lots of commercial space in Wilmington, but market infill is coming
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Homeownership Remains Affordable For Average Workers Across Majority Of U S Despite Price Spikes

Share this article Share this article IRVINE, Calif., April 1, 2021 /PRNewswire/  ATTOM Data Solutions, curator of the nation s premier property database, today released its first-quarter 2021 U.S. Home Affordability Report, showing that median home prices of single-family homes and condos in the first quarter of this year were more affordable than historical averages in 52 percent of counties with enough data to analyze. That was down from 63 percent of counties in the first quarter of 2020 and 95 percent during the same period five years ago. But rising wages and falling mortgage rates still compensated for near-20 percent spikes in home prices over the past year, helping to keep median home prices affordable for average wage earners around the country.

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