Archive for April 2013

Case Shiller: Chicago Home Prices Up 5.1% In Last Year

Case Shiller: Chicago Home Prices Up 5.1% In Last Year
For anyone watching the real estate market in Chicago these days it should come as no surprise that the Case Shiller home price index just released shows that Chicago single family home prices were up 5.1% over the 12 month period ending in February. However, as is typical for this time of the year, prices... Read more »

Teardowns And New Development Booming In Chicago's East And Ukrainian Village

Teardowns And New Development Booming In Chicago's East And Ukrainian Village
The welcome sight next door to my house of that POS being torn down to make way for new construction of a single family home is very common these days in Chicago’s East and Ukrainian Village neighborhoods. In fact, when I went out to talk to the 72 year old owner/ operator of that backhoe... Read more »

Where To Find New Construction Single Family Homes In Chicago Under $400,000

Where To Find New Construction Single Family Homes In Chicago Under $400,000
I started to poke around the other day on the MLS trying to figure out a better way to track new construction of single family homes in Chicago. After all it’s a big city and it’s hard for buyers to keep track of what is going on everywhere. Well, I think I finally hit on... Read more »
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Chicago Foreclosure Statistics For March: Moderate Activity Levels

Chicago Foreclosure Statistics For March: Moderate Activity Levels
RealtyTrac released their March Foreclosure Market Report this morning and the foreclosure statistics for Chicago indicate a continued moderate pace of activity compared to last year and especially 2009/ 2010.  See the graph below. What I think will be more meaningful going forward is the number of homes in Chicago that are IN some state... Read more »

Obama Administration Seeking To Create New Mortgage Crisis

Obama Administration Seeking To Create New Mortgage Crisis
I could not believe it last week when I heard that the Obama administration was once again pushing banks to make mortgage loans to people with weak credit. What is the definition of insanity again? Oh, yeah “doing the same thing over and over again and expecting different results” – a quote supposedly attributable to... Read more »

Chicago Real Estate Market Update: Incredible Strength Continues In March

Chicago Real Estate Market Update: Incredible Strength Continues In March
I’m still trying to get used to the idea of a hot Chicago real estate market because what we are experiencing right now is nothing short of incredible. I just updated my March statistics on the housing market and all signs continue to point way up. March home sales were up 16.4% over last year,... Read more »
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Real Estate Agent Myth: The Top Producer Advantage

Real Estate Agent Myth: The Top Producer Advantage
About a week ago the Chicago Association of Realtors came out with their 2012 sales awards magazine issue of the top real estate producers, thus bestowing another year’s bragging rights on hundreds of real estate agents. Getting as high on the list as possible is the goal of many real estate agents in Chicago, myself... Read more »

Dennis Rodman To Develop Luxury Condominiums At Former Chicago Spire Site

Dennis Rodman To Develop Luxury Condominiums At Former Chicago Spire Site
Today US Ambassador to North Korea and recurring Celebrity Apprentice contestant, Dennis Rodman, announced that he will be heading up the development of a cutting edge condominium project at the former site of the Chicago Spire. The 27 story masterpiece was inspired by Rodman’s close working relationship with Donald Trump and his recent meetings with... 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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