Archive for August 2012

Chicago Home Prices Soar - Another Record Month In June

Chicago Home Prices Soar - Another Record Month In June
With this morning’s release of the Case Shiller Home Price Index for June Chicago just posted it’s second month in a row of record home price increases – and I’m looking back to January 1987 when the Case Shiller index starts. Single family home prices were up 4.6% over May while condo prices were up... Read more »

For Home Buyers That Want The Real Estate Commission For Themselves

For Home Buyers That Want The Real Estate Commission For Themselves
I remember many years ago, long before I got into real estate, talking to a listing agent in another city about how I should be able to get the real estate commission on a purchase because I wasn’t going to use a real estate agent. Wow! She looked at me like I was from another... Read more »

Does Chicago Have Buyers For Its Most Expensive Homes?

Does Chicago Have Buyers For Its Most Expensive Homes?
I’ve noticed some recent listing activity at the ultra high end (> $6 MM) of the single family home market in Chicago so I decided to check in on this segment of the market to see how the rich and famous were doing. There are currently 12 single family homes on the market priced above... Read more »
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Further Evidence That The Housing Market Is Turning The Corner

Further Evidence That The Housing Market Is Turning The Corner
Back in February Warren Buffet commented that he would buy up a couple of hundred thousand single family homes if it was practical because he thought they were such an attractive investment. I point this out not because I believe you should believe everything that comes out of Warren Buffet’s mouth but because it makes... Read more »

How To Print A Home Instead Of Building It By Hand

How To Print A Home Instead Of Building It By Hand
The idea of a replicator – a machine that could instantly create any object – goes way back in science fiction. Even before Star Trek introduced the idea there was an entire Twilight Zone episode in 1963 – Valley Of The Shadow – that utilized the concept. Well, it turns out the concept is now... Read more »

AT&T's U-verse Really, Really Sucks...Really

AT&T's U-verse Really, Really Sucks...Really
There’s actually a tenuous connection between this post and real estate. You see…my wife and I became intimately aware of this issue after our recent move and since other people may be moving at some point I feel it is my civic duty to warn them about the epic failure that is AT&T’s U-verse –... Read more »
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Chicago Foreclosure Activity Did Not Really Rise In July

Chicago Foreclosure Activity Did Not Really Rise In July
You may have seen articles yesterday with headlines like “Chicago Foreclosures Rose In July” but you need to really see the underlying data to really understand what is going on. RealtyTrac released their July foreclosure activity report yesterday and what it shows for Chicago is a 21% increase over last year. However, with trend data... Read more »

Beware Of Real Estate Agents Claiming Special Powers

Beware Of Real Estate Agents Claiming Special Powers
For a while there even I was starting to believe that maybe I had developed special real estate powers. All but the most challenged of our Chicago listings this year were going under contract in under 30 days. But I know there is no such thing as special powers and more than most people I... Read more »

Chicago Home Sales Show Largest Gain In 2 Years

Chicago Home Sales Show Largest Gain In 2 Years
In 2 weeks the Illinois Association of Realtors will report that the Chicago housing market showed the highest sales growth in 2 years during July, with sales up 26.3% over the 2011 level. The only reason it wasn’t the best in more than 2 years is that in 2010 there was the government’s Cash For... Read more »
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East Village Home Prices Much Stronger Than Chicago Average

East Village Home Prices Much Stronger Than Chicago Average
Last week I wrote about all the new construction in Chicago’s East Village. The other interesting thing I noticed about my new neighborhood when we were doing our search was that the prices in East Village really haven’t fallen that much over the last few years. A lot of home buyers will look at the... 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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