The Home Front

By Don DeBat Forget 'negotiating' a lower rent. In high-demand North Side neighborhoods like Old Town and Lincoln Park, the 2026 market has shifted to full-blown bidding wars, with some renters paying thousands over asking to secure a lease. A bidding war is underway this spring for rental apartments in sought-after lakefront neighborhoods, Realtors report. “If you are looking for an upscale rental apartment in Old Town, Lincoln Park, or Lakeview this season, you are not just

President Donald J. Trump By Don DeBat Chicago home buyers are not fleeing from guided missiles, but President Donald Trump’s aerial war against Iran has had a dramatic, negative impact on the spring housing market in the Windy City. The Mideast War has pushed mortgage-interest rates sharply higher, analysts report. “Last week the rates dipped to 5.99% for the first time in 3.5 years, and everything seemed to be moving along positively,” noted veteran lender Jeremy Rose, seni

(above) President Donald Trump By Don DeBat A Chicago home buyer or mortgage borrower seeking to refinance in 2026 likely is wondering why the hard-working head of the Federal Reserve Board is being kicked around like a political football. It might be President Donald Trump doesn’t like that Fed Chairman Jerome Powell and other knowledgeable board members are slow to react to his bullish demands for lower interest rates. In fairness, previous U.S. presidents have grumbled abo