Archive for May 2010

Chicago Home Sale Activity Off Slightly After Tax Credit

The burning question among home buyers and sellers is whether or not the homebuyer tax credit was another cash for clunkers fiasco. In other words, did the government only succeed in shifting demand forward by a few months, leaving us all with a dearth of home buying activity for months afterwards? Because if that is... Read more »

Sellers Of Large University Commons Lofts Unrealistic

A few months back I wrote about how dreadful home sales were going in Chicago’s University Commons development. At the time, there was a huge proportion of short sales and foreclosures dominating the recent sales activity there and sellers were finding themselves taking significant losses on their homes. So, with the recent surge in activity,... Read more »

How Can You Have A Mold Free Home?

Home buyers are often justifiably concerned about the presence of mold in a home they might buy. And in today’s housing market, with all the short sales and foreclosures of neglected or abused homes, mold is frequently an issue. Therefore, I asked Joe Cascone of Mold Pro to provide some perspective on mold issues. I’m... Read more »

Will Greek Debt Crisis Benefit US Home Buyers?

It looks like the Greeks may be inadvertently bearing gifts for the US home buyer.  With the Greek debt crisis escalating there is a “flight to quality” occurring – investors are bailing on the debt of Greece and other European countries (out of fear that the crisis will spread in some way that I’m not... Read more »

Home Buyers Rushed To Buy As Tax Credit Expired

By Thursday the calls requesting showings started to come in fast and furiously. Home buyers were seeing homes for the first time with the intention of signing a contract by midnight Friday. It was hard to reach realtors who were scrambling to show homes and sign deals in a matter of hours. Clearly, anyone in... Read more »

Coldwell Banker Asks Sellers To Cut Prices But Downplay It

Hardly seems headline worthy – a brokerage asking their sellers to cut their prices? What else is new? But this latest Coldwell Banker promotion, tied to the expiration of the homebuyer tax credit, is one of the dumbest real estate marketing ideas I’ve heard of. It has Corporate Marketing Program written all over it. Basically,... Read more »