Archive for February 2014

East Village Home Appreciates 30% In 4 Years

East Village Home Appreciates 30% In 4 Years
In the interest of full disclosure, yeah I live in Chicago’s East Village, so I’m a cheerleader for the neighborhood. I also keep a close eye on the real estate market here so when a transaction like 1703 W Huron comes along it gets my attention. Not only was this transaction at the upper end... Read more »

Case Shiller: Yet Another 25 Year Record Of Home Price Increases For Chicago

Case Shiller: Yet Another 25 Year Record Of Home Price Increases For Chicago
Chicago home prices continued to rocket ahead of last year, achieving awesome gains for the full year of 2013 according to this morning’s release of the Case Shiller home price index for December. Single family home prices were up 11.3% for the year – a 25 year record – while condominium prices were up a... Read more »

The Real Cost Of A College Education - Why Is It So High?

The Real Cost Of A College Education - Why Is It So High?
This is another one of those blog posts that has nothing to do with real estate. As a father of 2 kids in/ graduated from college at great personal cost I have always been mystified by why college tuition is so damn high. It just doesn’t seem right that it should cost $60,000 to educate... Read more »
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How To Appeal Your Cook County Property Taxes - The Details

How To Appeal Your Cook County Property Taxes - The Details
I’m finally getting around to finishing my series on appealing your Cook County property taxes. Last time I covered the basics, such as the overall process, the levels of appeal and the deadlines. And back in July I covered how your property taxes are calculated, how your assessed value impacts your property taxes, and the... Read more »

Home Price Outlook: 2014 Strongest Appreciation For Next 5 Years

Home Price Outlook: 2014 Strongest Appreciation For Next 5 Years
Last week Pulsenomics released their first quarter 2014 home price expectations survey of over 100 economists, sponsored by Zillow. Their optimism for home price appreciation continues, although they became a little more optimistic about 2014 and a little less optimistic about the out years. The graph below shows their current outlook, which works out to... Read more »

Chicago Foreclosures Still Trending Down

Chicago Foreclosures Still Trending Down
This morning’s January Foreclosure Market Report from RealtyTrac may technically show an increase in overall foreclosure activity for Chicago but when you look at the detail the trend is actually down. Auction activity has recently been on the increase but that’s because the backlog of properties in the the foreclosure process is being cleared through... Read more »
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Beware Of These 4 BS Statistics When Choosing A Realtor To Sell Your Home

Beware Of These 4 BS Statistics When Choosing A Realtor To Sell Your Home
I’m supposed to write a follow up to my post on appealing your Cook County property taxes but then an email hit my inbox from Trulia entitled 4 Statistics that Win Listings and it got me all riled up. It’s supposed to be advice from Trulia (whose real customers are real estate agents but that’s... Read more »

How To Manage The Stress Of A Real Estate Transaction And Not Kill Your Deal

How To Manage The Stress Of A Real Estate Transaction And Not Kill Your Deal
The following guest post was written by Greg Braun, a real estate attorney: We always hear from clients that this real estate closing will be simple.  When I hear that, I cringe because even under the best of circumstances I know that clients will experience a bit of stress as they move from contract to closing.  Change produces... Read more »

Chicago Real Estate Market Cools Off With Low January Temperatures

Chicago Real Estate Market Cools Off With Low January Temperatures
Well, don’t say I didn’t warn you. For some time I’ve been talking about all the indications showing that the Chicago real estate market was slowing down. The writing was pretty much on the wall when I did my January Chicago real estate market update for December. Contract activity was slowing down and the only... Read more »
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How To Appeal Your Cook County Property Taxes - The Basics

How To Appeal Your Cook County Property Taxes - The Basics
You probably just got your first half Cook County property tax bill for 2013 and it’s gotten you to start thinking about how high your property taxes are and how you need to appeal them. Now is actually the right time to start thinking about that because more than anything else you need to be... 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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