Archive for April 2012

Should You Hire A Hot Real Estate Agent?

Should You Hire A Hot Real Estate Agent?
There is one particular Chicago real estate brokerage that sure seems to have a preponderance of attractive real estate agents (and, no, I’m not going to tell you which one it is – well, maybe if I know you). I’ve often speculated that this is not coincidence. I think they either have a deliberate recruiting... Read more »

Another New Low In Chicago Housing Prices

Another New Low In Chicago Housing Prices
Oh, the humanity! The Case Shiller home price index just came out for Chicago for the month of February and it’s more bad news for sellers (but good news for buyers). Single family home prices dropped by another 2.6% while condo prices fell by another 2.4%. Chicago was one of 9 cities where home prices... Read more »

21 Books That Don't Know What Caused The Financial Crisis

21 Books That Don't Know What Caused The Financial Crisis
If someone tells you they know what caused the financial crisis – especially if they are from Hollywood and/or wear a baseball cap – don’t believe them. Andrew Lo, a finance professor at the MIT Sloan business school, wrote a review of 21 books on the financial crisis and concluded that we can’t even agree... Read more »
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If Everyone Had To Do Their Own Taxes We Would Have A Flat Tax By Now

If Everyone Had To Do Their Own Taxes We Would Have A Flat Tax By Now
I’ve been doing my own income taxes for many years now. A long time ago I discovered that it was faster, easier, cheaper, and more accurate to do it myself using TurboTax rather than use an accountant. But easier and faster doesn’t mean easy and fast. In fact, it’s a real pain in the ass... Read more »

RealtyTrac's March Foreclosure Report: Chicago Static

RealtyTrac's March Foreclosure Report: Chicago Static
RealtyTrac’s March Foreclosure Report just came out and it shows fairly static foreclosure activity for Chicago in March vs. February. It’s hard to tell from the graph below but bank repossessions were actually down a bit, offset by increases in default notices and auctions. The foreclosure report focuses on the first quarter and at the... Read more »

Please Buy This House

Please Buy This House
No, this is not one of our listings (I have a policy of not writing about our own listings) but I want you to buy this house and you need to pay at least $800K for it. Why? Because I’m experiencing a bit of buyer’s remorse this morning. This is EXACTLY the kind of house... Read more »
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Maybe The Chicago Housing Market Isn't So Fragile After All

Yesterday I posted on the Treasury Department report on the Chicago housing market which characterized the market as “fragile”. However, that report seemed to focus on the hardest hit parts of this market and the most distressed homeowners. It makes sense, given their agenda. However, now that I’ve pulled the March transaction activity for Chicago... Read more »

Treasury Department Spotlight On Chicago Housing Market

Treasury Department Spotlight On Chicago Housing Market
On Friday the Treasury Department came out with their March Housing Scorecard with a Spotlight on the Chicago Housing Market for 14 area counties in 3 states. The headline of the report is that the Chicago housing market is more challenged than the nation as a whole and, while it showing some signs of recovery,... Read more »

How I Had To Take My Own Advice And Swallow My Pride To Buy A House

How I Had To Take My Own Advice And Swallow My Pride To Buy A House
One of the most unappreciated roles that a realtor plays is to protect buyers and sellers from themselves – i.e. keep them from making emotional and irrational decisions. Invariably something happens during a real estate transaction that pisses off one of the parties and puts the whole deal in jeopardy. I’ve had clients threaten to... 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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