Archive for October 2011

The Latest Trends In The Housing Market

The Latest Trends In The Housing Market
Corelogic came out with their October Housing and Mortgage Trends report a little while ago and there are several interesting insights which I will summarize here. Unfortunately, they are pretty clear that they don’t want any part of their report reproduced so I won’t be displaying any of their graphs but you can click on... Read more »

4th Month Of Home Price Increases In Chicago

Case Shiller just released their August home price data for Chicago and, after falling to a 10 year low in April, Chicago single family home prices have now rebounded 4 months in a row, rising a total of 8.4% – 1.4% from July. Condominium prices have risen 5 months in a row – a total... Read more »

Can A Realtor Really Sell Your Home For 28% More?

Can A Realtor Really Sell Your Home For 28% More?
There is a 3 letter answer to this question, starting with the letter N and ending with the letter W. The very fact that the National Association of Realtors claims this to be the case is an outrageous embarrassment to the entire real estate profession. I’ve actually addressed this issue a long time ago but... Read more »
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China's Currency: A Problem Or An Opportunity?

China's Currency: A Problem Or An Opportunity?
Perhaps you’ve heard claims that the value of China’s currency, also known as the Yuan or the Renminbi or RMB, is destroying the US economy by keeping the price of Chinese goods so cheap that there’s no point in making anything in the US anymore. Up until recently this “problem” has been like the weather…everyone... Read more »

Should Foreigners Be Able To Buy A Visa?

Should Foreigners Be Able To Buy A Visa?
A couple of senators (one from each side) have come up with a rather interesting idea. Since we have so much bargain real estate that needs to be sopped up and since foreigners like to buy bargains in the US why not give them an additional incentive to buy more of our troubled real estate... Read more »

Museum Park: Just Another Example Of Continued South Loop Problems

Museum Park: Just Another Example Of Continued South Loop Problems
Crains’ ran a story yesterday about the continued problems with the Museum Park developments in the South Loop. As our own analysis reveals, there was a 20 months supply of 2 and 3 bedroom condos on the Near South Side (which includes the South Loop) at the end of August and condos have been on... Read more »
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Zestimates: Just How Bad Are Zillow's Home Price Estimates?

Zestimates: Just How Bad Are Zillow's Home Price Estimates?
I’ve been meaning to analyze Zillow’s home price estimate accuracy for a while – especially since my brother keeps talking about those damn Zestimates. He’s not the only one, though. A lot of people put way too much stock in what Zillow has to say about their home values. So I decided to look at... Read more »

If You Can't Sell Your Home Should You Rent It Out?

If You Can't Sell Your Home Should You Rent It Out?
The Chicago Tribune ran a story on Friday about reluctant landlords who decide to rent out homes that they can’t sell (There’s actually no such thing as a home you can’t sell. You can always sell it but you may not like the price you get.) and it’s worth reading by anyone facing this decision.... Read more »

Do People Really Want To Live In Cities?

Do People Really Want To Live In Cities?
On Thursday in a CribChatter post on real estate market conditions I made a series of comments to the effect that densely populated urban areas were losing their appeal to the masses as evidenced by recent population growth trends. Well that sure set off a firestorm of debate – actually it was a pretty one... Read more »
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Foreclosure Activity Remains Low But Timeframes Are High

RealtyTrac just released their September and third quarter foreclosure activity report a couple of days ago and for Chicago the numbers are still pretty low, running well under the levels we saw during the last 2 years. For the most part 2011 has been running below 3,000 properties per month as shown in the graph... 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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