Home Price Forecast: Experts Say Future Looking Better And Worse

Home Price Forecast: Experts Say Future Looking Better And Worse
Last week Zillow and Pulsenomics released the results of their 2nd Quarter 2016 Home Price Expectations Survey of more than 100 housing experts. Their 2016 home price forecast for the nation as a whole improved from last quarter. As you can see in their graph below they are now expecting 4% price appreciation this year... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Flat But Better Than Last Year

RealtyTrac Market Report: Chicago Foreclosure Activity Flat But Better Than Last Year
RealtyTrac just released their April foreclosure market data but they did not release their normal foreclosure market report. Instead they released a Q2 2016 U.S. Residential Property and Zombie Foreclosure Report which I will discuss later. I used their foreclosure data to update my Chicago foreclosure activity graphs below. Overall activity has pretty much flattened... Read more »

The McCormick Row House District: Lincoln Park's Secret Enclave

The McCormick Row House District: Lincoln Park's Secret Enclave
You’ve probably driven right past the McCormick Row House District in Lincoln Park numerous times and never even realized that it was there. That’s because it is extremely well hidden, mostly within the confines of the DePaul campus, although one edge borders on Fullerton. As you can see in the satellite image below the district... Read more »
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Chicago Real Estate Investing: How One Investor Just Bought Price Protection

Chicago Real Estate Investing: How One Investor Just Bought Price Protection
Any investment you make is subject to market risk – the risk that the entire market for assets like the one you hold will go down in value – and real estate investing is no exception. The other truism is that anyone who owns a home is a bit of a real estate investor themselves... Read more »

Chicago Real Estate Market Update: Home Sales Jump To 9 Year High

Chicago Real Estate Market Update: Home Sales Jump To 9 Year High
After a weak March and several other months of languishing sales activity the Chicago real estate market came roaring back in April with the highest home sales in 9 years and the largest year over year gain in 9 months. Check out the graph below to see these numbers in their historic context. All the... Read more »

Why I Started Preparing My Home For Sale 6 Years Before Selling It

Why I Started Preparing My Home For Sale 6 Years Before Selling It
I should know a few things about preparing a home for sale. I’ve seen hundreds of situations and given out plenty of advice about how to make cost effective improvements, being thankful that I didn’t have to be the one to make them happen In all these situations I’ve noticed some patterns that have affected... Read more »
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Real Estate Agent Nonsense: Low Commissions Are Bad For Home Sellers

Real Estate Agent Nonsense: Low Commissions Are Bad For Home Sellers
A little over a month ago a Tampa, Florida real estate agent published a blog post wherein he “proved” that home sellers are better off paying a high commission to their real estate agent: How Commissions Effect [sic] Sales. About a week later the story was picked up by Inman, a real estate industry news... Read more »

Surprise! Chicago Housing Affordability Is Better Than Austin, Texas

Surprise! Chicago Housing Affordability Is Better Than Austin, Texas
My wife and I lived in Austin, Texas back in the early 80s (yeah, I’m dating myself) and it still had a bit of a back woods feel to it. I remember it being a pretty small town relative to Dallas where I grew up. So, under the assumption that the world doesn’t change, I... Read more »

Case Shiller: Chicago Area Home Price Gains Still Lagging Other Major Metros

Case Shiller: Chicago Area Home Price Gains Still Lagging Other Major Metros
The Chicago area may not be dead last among 20 metro areas in home price appreciation over the last year but it sure is second to last. This is what the latest Case Shiller Chicago home price index for February is showing in this morning’s release. I’ve been tracking the year over year price increase... Read more »
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3 Tips To Mitigate Capital Gains on Real Estate Sales

3 Tips To Mitigate Capital Gains on Real Estate Sales
This guest post was written by Jackson Cooper, an investment real estate & finance enthusiast, involved with the experts at  American Society For Asset Protection.  The average long-term capital gains tax rate in the United States is 28.6%, when you combine federal, state and local taxes, according to the Tax Foundation. That’s sixth highest among... Read more »