Price Slashed On Chicago's Most Expensive Home: Ann Lurie Mansion

Price Slashed On Chicago's Most Expensive Home: Ann Lurie Mansion
Almost a year ago, when I originally posted on the listing of Ann Lurie’s mansion, it was the most expensive single family home ever listed in Chicago, priced at $18.75 MM. After sitting on the market for 316 days the house at 1547 N Dearborn finally had it’s price slashed on Friday – down to... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Rises In March

RealtyTrac Market Report: Chicago Foreclosure Activity Rises In March
RealtyTrac’s release of their March foreclosure market report on Thursday sneaked past me as it came out earlier than I was expecting and while I was focusing on my income taxes (what a needlessly complicated waste of time and now I have to suffer the further indignity of standing in line at the post office).... Read more »

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home
One of the first things they taught us in our real estate training class (after you get your license is when the real training begins but it’s heavily focused on how to make money) is that a realtor should make sure that all their buyers have a mortgage pre approval before they spend too much... Read more »
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Chicago Real Estate Market Update: Home Sales Continued To Drop In March

Chicago Real Estate Market Update: Home Sales Continued To Drop In March
March just topped off the third month in a row of declining home sales in Chicago. Compare that to last year at this time when home sales were spiking by double digit percentage growth rates during the entire first quarter. I’m seeing a 4.4% decline in year over year sales for this March but when... Read more »

Wow! I Got My Cook County Property Taxes Lowered Even More!

Wow! I Got My Cook County Property Taxes Lowered Even More!
About 6 weeks ago I posted on the detailed process for appealing your Cook County property taxes. In that post I mentioned that I appealed my own property taxes (technically the assessed value) instead of engaging an attorney because I thought I would put more effort into my own situation than an attorney would and... Read more »

Why Median Chicago Home Prices Tell You Very Little About Home Prices

Why Median Chicago Home Prices Tell You Very Little About Home Prices
The media and real estate agents throw around Chicago median home prices like everyone is supposed to know what they mean but then they show their own ignorance when they imply that these median home prices somehow tell us all what is happening to the overall level of Chicago home prices. It would be really... Read more »
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Case Shiller: Chicago Home Prices Drifted Down Slightly In January

Case Shiller: Chicago Home Prices Drifted Down Slightly In January
You would think that after years of being hit with the last Tuesday of the month rush on their Web site S&P Indices would be able to get the Case Shiller home price index data posted by 8 AM as promised. However, inundated with traffic, they didn’t get all their data posted until around 9... Read more »

Chicago's 4 Hottest Neighborhoods For Single Family Homes

Chicago's 4 Hottest Neighborhoods For Single Family Homes
As a follow up to last week’s post on the Chicago’s hottest condo neighborhoods I’m posting today on the 4 hottest single family home neighborhoods. I’m using the same basic methodology that I used last week except the transaction volume for single family homes is much lower than the transaction volume for condos. Therefore, it... Read more »

Really Dumb Idea: San Francisco Loaning Money To First Time Homebuyers

Really Dumb Idea: San Francisco Loaning Money To First Time Homebuyers
When I heard about San Francisco’s Downpayment Assistance Loan Program yesterday morning I couldn’t believe it – and apparently this program has been around for a while, albeit in a less generous form. The Mayor’s Office Of Housing And Community Development will begin “loaning” up to $200,000¬†for down payment assistance to qualified first time homebuyers¬†... Read more »
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Chicago's Hottest Condo Neighborhoods

Chicago's Hottest Condo Neighborhoods
I finally got around to this long overdue post about Chicago’s hottest neighborhoods and then quickly realized what was obvious: the neighborhoods that look the hottest depend upon whether or not you are looking at condos or single family homes. So I decided to start by looking at Chicago’s condo market, which is actually easier... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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