Archive for November 2013

Chicago's Invisible Wall That Million Dollar Homes Can't Seem To Penetrate - Yet

Chicago's Invisible Wall That Million Dollar Homes Can't Seem To Penetrate - Yet
It’s as if there is an invisible wall running through the middle of Chicago, along Western Avenue all the way south of Montrose. When buyers of million dollar homes specify their search criteria they will often specify that they want to stay east of Western Avenue – or if they specify Ukrainian Village, Bucktown, Wicker... Read more »

Case Shiller Index: Chicago Home Prices Still Rising Nicely In September

Case Shiller Index: Chicago Home Prices Still Rising Nicely In September
Of course it was nice that this morning’s release of the Case Shiller home price index for September by S&P Dow Jones Indices showed Chicago home prices rising again in September but what was really great was seeing that the year over year price gains continue at a very strong pace. Compared to August single family... Read more »

Auction Of Michael Jordan's House Postponed Until December 16

Auction Of Michael Jordan's House Postponed Until December 16
As I reported earlier in the week the auction of Michael Jordan’s house was supposed to have happened today. However, both Crain’s and the Chicago Tribune reported tonight that the auction has been postponed until December 16. According to Laura Brady, President and Founder of Concierge Auctions: The interest has been even stronger than we... Read more »
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Have Chicago's Problems Made It Unlivable?

Have Chicago's Problems Made It Unlivable?
A few days ago Mancow, the radio shock jock and reality TV star whose real name is Erich Muller, made headlines when he told the Chicago Tribune why he recently sold his Lincoln Park condo and moved to Wilmette. Citing some of Chicago’s better known problems: I think they’ve done a good job of making... Read more »

Should You Really Feel Good About The JP Morgan Mortgage Settlement?

Should You Really Feel Good About The JP Morgan Mortgage Settlement?
13 months ago the newly formed Residential Mortgage-Backed Securities Working Group sued JP Morgan for their contributions to the financial crisis through their mortgage activities. Yesterday the two parties reached a $13 Billion settlement which includes $9 billion in restitution and $4 billion in help for homeowners and communities impacted by high foreclosure rates. Clearly this... Read more »

Friday's Auction Of Michael Jordan's House - Still Time To Register

Friday's Auction Of Michael Jordan's House - Still Time To Register
After being listed for sale now for almost 2 years – first at $29 MM and then at $21 MM – Michael Jordan’s house at 2700 Point Ln in Highland Park is heading to the auction block this Friday, November 22. This is your chance to buy this 56,000 square foot palace at a bargain... Read more »
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Chicago May Have Seen The Bottom In Foreclosure Activity

Chicago May Have Seen The Bottom In Foreclosure Activity
It’s always problematic to try to determine when a trend has broken because you are always trying to react to the latest month’s data and one month can easily have undue influence on your eyes. This challenge is clearly top of mind as we try to read the tea leaves in RealtyTrac’s October US Foreclosure  Market... Read more »

Economists And Markets Show Continued Optimism For Chicago Home Prices

Economists And Markets Show Continued Optimism For Chicago Home Prices
Pulsenomics just came out with their quarterly, Zillow sponsored five year home price expectations survey of a little more than 100 economists. This survey came out last week and it shows continued optimism for home price appreciation. The graph below sums up the current outlook and compares it to previous expectations. Note that this quarter’s survey... Read more »

October Home Sales Show Slowing Growth In Chicago Real Estate Market

October Home Sales Show Slowing Growth In Chicago Real Estate Market
We knew the meteoric growth in Chicago home sales couldn’t last forever and we’ve been seeing signs of slowing in the contracts written so it should come as no surprise to readers of this blog that October came in at the weakest growth in 20 months. But home sales were still up 10.8% over last... Read more »
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1457 W Addison: $5 Million Home Is A Work Of Art

1457 W Addison: $5 Million Home Is A Work Of Art
When I first walked into the open house preview at 1457 W Addison on September 14 my first reaction was “Wow! This house is a real work of art.” The $5 MM home in Chicago’s Lake View neighborhood is truly spectacular and I’ve never seen anything quite like it but it’s going to take a very special... 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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