Archive for April 2011

"With All The Foreclosures And Short Sales Why Can't I Find A Deal?"

You hear this question all the time. It’s a common refrain on Crib Chatter as well. Many people looking to buy a home in Chicago have heard about all the short sales and foreclosures on the market. In fact, right around 50% of all Chicago recent home sales have been distressed – either short sales... Read more »

University Village Short Sales And Foreclosures In Full Bloom This Spring

With the spring real estate market in Chicago well underway a number of homes have come on the market in University Village lately. And quite a few of them have been distressed – either short sales or foreclosures. As with Chicago as a whole most of the distressed homes are at the lower price points... Read more »

Chicago's Top Producer Pageant Brings Out The Dancing Realtors

I didn’t really have a photo of the dancing realtors but you can see them in the video below. However, this picture pretty much captures my mental image of what dancing realtors would look like – or at least what I look like when I’m forced to dance. As if that’s not reason enough for... Read more »
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More Chicago Agents Leave The Real Estate Business

More Chicago Agents Leave The Real Estate Business
Well, it’s not really any surprise is it? About this time every year I check to see how many real estate agents are left in Chicago and since I’ve only been doing this since the real estate market has been in the dumps I’ve seen a pretty steady decline in that number. From last February... Read more »

Chicago Homes Have Lost 1/3 Of Their Value - Prices Continue Their Plunge

Chicago Homes Have Lost 1/3 Of Their Value - Prices Continue Their Plunge
Oh the humanity! The Case Shiller home price index was just released and once again it shows further declines in Chicago home prices for February. Prices have now fallen for 6 months straight and that’s after making two failed attempts to stage a comeback since this whole housing bubble burst. Single family home prices fell... Read more »

A Closer Look At The Decline In Chicago Home Prices

In a few hours the Case Shiller home price index for February will be released and it will almost certainly show further significant price declines. I’m saying this because a) I don’t see how prices could have gone up and b) CoreLogic released their February home price data for the Chicago area a while ago... Read more »
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Dumb Politicians And The Oil Speculator Myth

Warning: This has nothing to do with real estate except that higher gasoline prices are making it really expensive for me to go on showings these days. But when I see the president of the United States sending the Justice Department off in search of the boogeyman controlling oil prices I get sick to my... Read more »

Rising Chicago Rents Make Home Buying Most Attractive In 20 Years

Rising Chicago Rents Make Home Buying Most Attractive In 20 Years
I recently posted on how fast rents have been rising in Chicago recently. On the same day this week’s Crain’s came out with a story on how the cost of owning a home in Chicago has just reached a 20 year low compared to renting. Their conclusion was based upon a recent report issued by... Read more »

After Lengthy Upward Trend Chicago Foreclosures Moderate

Late last week RealtyTrac came out with their 1st quarter foreclosure activity report. Accordingly they updated their March numbers. In Chicago the foreclosure activity was still subdued as a result of the delays caused by improper foreclosure processing. Although activity was up 39% from last month it was still down 5% from last year. At... Read more »
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Chicago Apartment Occupancy And Rents On The Rise

Now that my taxes are done I can catch up on some posting I’ve been meaning to do. Keith Jurow recently published a report on Minyanville.com about the Las Vegas housing market (a report on Chicago comes out in about 1 month). Although Chicago is not Las Vegas there were some interesting data points (for... 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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