Archive for October 2013

Case Shiller: Further Advances In Chicago Home Prices In August

Case Shiller: Further Advances In Chicago Home Prices In August
S&P Dow Jones Indices released the August Case Shiller home price indices for 20 cities, including Chicago, this morning and it shows continued strength in the housing market across the nation. Chicago’s single family home prices were up a solid 1.6% over July, which is very good since the price gains usually start to fall... Read more »

This Week In Chicago Real Estate News

This Week In Chicago Real Estate News
Here are a couple of Chicago real estate news items I thought were interesting.     Another $100,000 knocked off the price of the Ferris Bueller home They’re still trying to sell that Ferris Bueller house at 370 Beech St in Highland Park. The house that featured the Ferrari driving out the window of the... Read more »

The Truth About Home Warranties And Are They Worth It?

The Truth About Home Warranties And Are They Worth It?
When you buy a new home you always have the option of purchasing a home warranty that, theoretically, covers the cost of repairs to various appliances and other home systems. But are these home warranties worth it and what should you be aware of before you actually buy one of these? Before I get into... Read more »
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Downtown Chicago Population Surging Over Last Decade

Downtown Chicago Population Surging Over Last Decade
Anyone who has observed the construction in Chicago over the last decade could tell you that the population has been growing near Chicago’s downtown area – however you define downtown. But somehow, up until now, I had missed the actual numbers on this trend. It wasn’t until I looked at a recent report from the¬†Philadelphia... Read more »

Chicago's Newest Mansions For $1,500,000 And Above

Chicago's Newest Mansions For $1,500,000 And Above
This is the last in my series on new construction single family homes in Chicago, focusing this time on homes priced above $1.5 MM. In the last year there have been 52 such homes listed for sale/ sold and as you can see in the map below they are positioned much closer to downtown than... Read more »

Slowly But Surely Chicago Works Through The Foreclosure Crisis

Slowly But Surely Chicago Works Through The Foreclosure Crisis
It’s no wonder that there are fewer and fewer foreclosures being sold in Chicago lately. RealtyTrac just released their September Foreclosure Market Report and although it shows a slight uptick from August that’s just noise. There is an unmistakable longer term downward trend. For instance the numbers are down 43.5% from a year ago and... Read more »
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September Chicago Real Estate Market Update: Has The Growth Ended?

September Chicago Real Estate Market Update: Has The Growth Ended?
While it is true that September clocked another impressive month of strong, double digit percentage growth in home sales in Chicago, it is looking more and more like the days are numbered for this kind of real estate market performance. ¬†After all trees don’t grow to the sky. September was up 26.9% over last year,... Read more »

Government Shutdown: Why Are They Paying Furloughed Employees?

Government Shutdown: Why Are They Paying Furloughed Employees?
The House just unanimously agreed to pay furloughed government employees once they have the money to do so. By what stretch of the imagination does it make sense to shut down the government and then pay the employees for the shutdown? I am apoplectic and you should be too. Let me get this straight. You... Read more »

In A Nutshell...Why The Ashland Bus Rapid Transit Plan Is Insane

In A Nutshell...Why The Ashland Bus Rapid Transit Plan Is Insane
I’ve been ignoring this whole Ashland Avenue Bus Rapid Transit (BRT) plan up until now since I was pretty sure that this was never going to get off the ground. But now I’m worried as it seems like the city is determined to make this happen come hell or high water or traffic jams of... Read more »
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Can An Offer Letter From A Home Buyer To A Seller Make A Difference?

Can An Offer Letter From A Home Buyer To A Seller Make A Difference?
The Chicago Tribune ran an article last week about how home buyers can sweeten an offer with a love letter to the seller. Love letter is an expression used to describe an emotional appeal from the home buyer to the seller in an offer letter to earn an advantage in the bidding process. The letter... 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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