Archive for December 2013

Chicago Home Prices Show Largest Advance In 25 Years

Chicago Home Prices Show Largest Advance In 25 Years
It was clearly big news today because it took me an entire hour before I could download the data from today’s release of the Case Shiller Home Price Index for October. The servers were totally overwhelmed. What the closely watched index of home prices for 20 cities, including Chicago, revealed was 13 out of 20... Read more »

San Francisco Housing Affordability And The Google Bus Protests

San Francisco Housing Affordability And The Google Bus Protests
It’s a well known fact that people are never happy. Housing prices go down and everyone bitches about the loss of wealth. Housing prices go up and people complain about housing affordability – or the lack thereof. Such is the case in San Francisco and Oakland these days, which seem on the verge of all... Read more »

Now I Know The Ashland Bus Rapid Transit Plan Is Dumb

Now I Know The Ashland Bus Rapid Transit Plan Is Dumb
I originally posted on the Ashland bus rapid transit plan more than 2 months ago. At that time we didn’t have all the information but I did note what I thought at the time was the key issue. The plan calls for dedicating 50% of Ashland Avenue’s transit capacity for what is today only 14%... Read more »
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Saga Of Michael Jordan's House Continues And Other Chicago Luxury Property News

Saga Of Michael Jordan's House Continues And Other Chicago Luxury Property News
I really don’t want to inundate you with news about Michael Jordan’s house that refuses to sell but it is a rather interesting story that continues to evolve. So I’m tossing in a few other recent stories today about some other Chicago luxury properties that got my attention over the last few days. Michael Jordan’s... Read more »

Michael Jordan's House Apparently Not Worth $13 Million

Michael Jordan's House Apparently Not Worth $13 Million
It’s exactly as I expected. Back on November 22 when the auction of Michael Jordan’s house was postponed until yesterday, supposedly due to “interest stronger than anticipated”, I got suspicious. You don’t postpone a highly anticipated auction due to strong interest and then add on a $13 MM reserve price to boot. It was pretty... Read more »

Realtors Just Love Those Government Housing Market Subsidies

Realtors Just Love Those Government Housing Market Subsidies
I guess it’s just the American way. Always have your hand out for the next government subsidy and the politicians in Washington are always too willing to cooperate in response to powerful lobbying organizations. The National Association of Realtors (NAR) is no exception when it comes to begging for government housing market subsidies. With around... Read more »
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Realtor.com Terminates Real Estate Agent Ranking Pilot - AgentMatch

Realtor.com Terminates Real Estate Agent Ranking Pilot - AgentMatch
The folks at Realtor.com must have read my blog post AgentMatch: Realtor.com’s Misguided Use Of Statistics For Rating Real Estate Agents because they just terminated their pilot, admitting in an open letter from Realtor.com President Errol Samuelson that their attempt was “misguided”. The AgentMatch Web site now has an announcement of the termination and an explanation of... Read more »

Chicago Foreclosure Problem Long From Over Despite Improvements

Chicago Foreclosure Problem Long From Over Despite Improvements
Several research reports were released in the last few days that provide some insights into where we stand with respect to Chicago’s and the nation’s foreclosure problem. Today RealtyTrac released their November Foreclosure Market Report and the data provided for Chicago remains consistent with my headline from last month’s post on this topic. Namely, Chicago’s... Read more »

Chicago Housing Boom Ran Out Of Steam in November

Chicago Housing Boom Ran Out Of Steam in November
After 20 consecutive months of double digit growth in home sales the Chicago real estate market is ending the year with rather flat year over year sales. When the Illinois Association of Realtors announces the official numbers in a week and a half they are likely to report a slight decline of about 0.3% –... Read more »
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Real Estate Agents Hate AgentMatch Idea Of Publishing Their Performance Statistics

Real Estate Agents Hate AgentMatch Idea Of Publishing Their Performance Statistics
A few days ago I posted on AgentMatch, the insidious Realtor.com plot to mislead consumers in their search for the perfect agent. As I indicated in that original post the reaction to the program has been quite negative. However, since then I stumbled upon an informal realtor survey, initiated by the moderators of the Raise 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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