Yep, High Taxes Drive People Away

Yep, High Taxes Drive People Away
I ran across a great blog post on the BiggerPockets Web site that is well worth the read: New Data Shows Americans Fleeing High-Tax States. In case you are not familiar with BiggerPockets it’s a community for real estate investors and they are interested in topics like this because it has implications for where to... Read more »

Case Shiller: Chicago Area Home Price Gains Set Another Record

Case Shiller: Chicago Area Home Price Gains Set Another Record
S&P Dow Jones just released their February Case Shiller Home Price Index which shows the nation’s home prices hitting their 4th consecutive all time high. Although the Chicago area can’t make the same claim the Case Shiller Chicago index did rise in the rankings of 20 metro areas based upon a 6.2% year over year... Read more »

Whatever Happened To Chicago's University Village Condo/ Townhome Prices?

Whatever Happened To Chicago's University Village Condo/ Townhome Prices?
I lived in Chicago’s University Village for 10 years (loved it) and we still do deals there so I keep a close eye on real estate activity there. Nevertheless, it’s been three years since I’ve formally analyzed how condo and townhome prices have recovered there. When you step back from the details a rather interesting... Read more »
Advertisement:

When Exactly Is Chicago's Apartment Rental Season?

When Exactly Is Chicago's Apartment Rental Season?
If you talk to longtime Chicago residents or landlords they will tell you that Chicago has a very specific apartment rental season and the implication is that if you miss it you are screwed – whether you are a landlord or a tenant. The only thing is that there is a lot of mythology floating... Read more »

Chicago Foreclosure Activity: Mortgage Defaults Hit Two Year High

Chicago Foreclosure Activity: Mortgage Defaults Hit Two Year High
Just when we thought the mortgage crisis was long behind us this morning’s RealtyTrac March Foreclosure Market Report came out along with their Chicago foreclosure activity data – the latter showing what might be the early stages of a disturbing trend. Looking at the graph below you will see that there is a lot of... Read more »

Lake View New Construction - Why Builders Pay $1 MM For Teardowns

Lake View New Construction - Why Builders Pay $1 MM For Teardowns
A couple of weeks ago I posted on a listing that we sold before it hit the MLS. A builder purchased the building, which sits on a 30 ft wide RT 3.5 lot in Lake View, in one day for a tad over $1 MM with plans to tear it down and likely build a... Read more »
Advertisement:

Chicago Real Estate Market Update: March Sales Set 11 Year Record

Chicago Real Estate Market Update: March Sales Set 11 Year Record
The Chicago real estate market is still on a see saw, alternating between strong sales months and weak sales months. After another weak month in February March blew it out of the water, hitting the highest level in 11 years. But read this entire post before you get too excited. Yes, March sales were up... Read more »

Think You Want To Flip Homes? Watch The Deed: Chicago

Think You Want To Flip Homes? Watch The Deed: Chicago
About a year ago I was approached by a TV producer who wanted to know if I had any clients that were trying to flip a home in Chicago but were in deep trouble on their project and needed help. The premise of the show was that their savior was going to parachute in with... Read more »

The Investment Business Points To Future Of The Real Estate Industry

The Investment Business Points To Future Of The Real Estate Industry
A bit over a year ago I wrote about how the history of the stock brokerage business could provide a lot of insight into the future of the real estate industry. It turns out that there are other areas of the investment business that also provide insight to what is in store for real estate... Read more »
Advertisement:

Case Shiller: Chicago Area Home Prices Are On A Roll Now

Case Shiller: Chicago Area Home Prices Are On A Roll Now
Well, it certainly took long enough. With the tight inventory levels in the Chicago area we kept wondering when home prices were going to reflect the supply/ demand reality. Finally, this morning’s release by S&P Down Jones Indices of the January Case Shiller home price index confirmed what should have been the inevitable: home prices... Read more »