Luthetis Realty Group

The Federal Reserve Has Paused Rate Hikes. Here's What That Means for Home Equity Loan Borrowers
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The Federal Reserve Has Paused Rate Hikes. Here's What That Means for Home Equity Loan Borrowers The Federal Reserve recently opted to pause interest rate hikes in response to lower inflation levels. This could be beneficial for those looking to take out a home equity loan, as the cost of borrowing is likely to remain steady. Despite the pause, borrowers should still apply soon as the Fed is se...

Chicago's ambitious plan to convert 5 million square feet of empty office space into affordable housing places a big bet on remote work
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Chicago's ambitious plan to convert 5 million square feet of empty office space into affordable housing places a big bet on remote work Chicago's downtown area was once bustling with activity, however the pandemic and remote work trend has caused a record-high vacancy rate in 2023. To address this issue, the city has approved three projects to turn vacant commercial space into affordable housing. The LaSalle Reimagined Initiative is...

Back-to-office trend fades, worsening potential ‘doom loop’ for big downtowns like Chicago’s – Wirepoints
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Back-to-office trend fades, worsening potential ‘doom loop’ for big downtowns like Chicago’s – Wirepoints The pandemic has caused a "doom loop" for downtown areas like Chicago, where office occupancy has flatlined at around 50% of pre-pandemic levels. This downward spiral is caused by the reduced assessed value of big office buildings, leading to less property tax and reduced government services. San Fr...