Archive for March 2013

CoreLogic: Shadow Home Inventory Down 28% From 2010 Peak

CoreLogic: Shadow Home Inventory Down 28% From 2010 Peak
One of the characteristic features of the bursting of the housing bubble has been the incessant hand wringing of the housing bears over the shadow inventory – the inventory of homes that are either seriously delinquent, in foreclosure, or already owned by lenders, but not yet listed for sale. The concern has been that this... Read more »

Case Shiller: Strongest Rise In Chicago Home Prices In 6 Years

Case Shiller: Strongest Rise In Chicago Home Prices In 6 Years
And the good news on the housing front for Chicago home sellers continues to pour in – not so good news for home buyers of course. Case Shiller just released their January home price index for Chicago and the rest of the nation a few minutes ago and, while home prices did decline slightly from... Read more »

The Impact Of Public Transportation On Chicago Home Values

The Impact Of Public Transportation On Chicago Home Values
Last week The American Public Transportation Association (APTA) and the National Association of Realtors published a study that they commissioned on the impact of public transportation on home values. The study is entitled The New Real Estate Mantra: Location Near Public Transportation and it’s thesis is that homes near public transportation fared much better during... Read more »
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Chicago is A Home Seller’s Dream: And the Reason May Surprise You

Chicago is A Home Seller’s Dream: And the Reason May Surprise You
This guest post was submitted by Jared Diamond, who writes exhaustively on real estate and personal finance trends. It has been all of a half-decade since Chicago has seen housing markets this strong. The reason appearing as unlikely as the trend itself: Basement inventory levels have manifested into a sellers’ paradise, the likes of which... Read more »

Economists Getting Exceedingly Bullish On Home Prices

Economists Getting Exceedingly Bullish On Home Prices
Given the current state of the housing market (high demand, tight supply, multiple bids, quick sales) it should be no surprise that economists are becoming increasing bullish on the direction of national home prices. The latest Pulsenomics Home Price Expectations Survey of 118 housing market experts shows the most optimistic outlook for home prices in... Read more »

How The Housing Bubble Affected Different Chicago Neighborhoods

How The Housing Bubble Affected Different Chicago Neighborhoods
It should probably come as no surprise  that the housing bubble did not affect all Chicago neighborhoods equally. It’s fairly common knowledge that the more tony neighborhoods like Lincoln Park made it through the Chicago housing bubble relatively unscathed (once all the dust settled) while south and west side neighborhoods got creamed. But just how... Read more »
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Chicago Foreclosure Activity Back On The Decline

Chicago Foreclosure Activity Back On The Decline
Damn those people at RealtyTrac! They redesigned their Web site and they no longer provide the underlying data on Chicago foreclosure activity. Fortunately though, I can estimate it but it’s a bit more work than before. Anyway they just released their February foreclosure market report and it shows, for Chicago, that foreclosure activity appears to... Read more »

God's Twitter Account: The Tweet Of God

God's Twitter Account: The Tweet Of God
This has nothing to do with real estate but it’s very topical, it gives me chance to try out a new blog feature at ChicagoNow and it’s in keeping with the irreverent tone of this blog. As the cardinals meet to elect a new pope you may have heard that the Vatican is blocking their... Read more »

Beware Switching Utilities When Closing On A Home

Beware Switching Utilities When Closing On A Home
You would think this is pretty straight forward. However, whether you are buying or selling a home, when it comes time to prepare for closing, you need to really be on top of switching your utilities. Part I is pretty basic – remembering to switch over your gas, electric, water, cable, internet, and phone service... Read more »
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February Was Another Record Month Of Home Sales In Chicago

February Was Another Record Month Of Home Sales In Chicago
February home sales in Chicago once again turned in a strong performance relative to last year. For the 20th month in a row closings beat the previous year’s numbers – this time by 19.7%. That’s on top of last year’s 8.6% increase. Although this is one of the lower increases over the last 9 months... 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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