Archive for March 2014

Why Median Chicago Home Prices Tell You Very Little About Home Prices

Why Median Chicago Home Prices Tell You Very Little About Home Prices
The media and real estate agents throw around Chicago median home prices like everyone is supposed to know what they mean but then they show their own ignorance when they imply that these median home prices somehow tell us all what is happening to the overall level of Chicago home prices. It would be really... Read more »

Case Shiller: Chicago Home Prices Drifted Down Slightly In January

Case Shiller: Chicago Home Prices Drifted Down Slightly In January
You would think that after years of being hit with the last Tuesday of the month rush on their Web site S&P Indices would be able to get the Case Shiller home price index data posted by 8 AM as promised. However, inundated with traffic, they didn’t get all their data posted until around 9... Read more »

Chicago's 4 Hottest Neighborhoods For Single Family Homes

Chicago's 4 Hottest Neighborhoods For Single Family Homes
As a follow up to last week’s post on the Chicago’s hottest condo neighborhoods I’m posting today on the 4 hottest single family home neighborhoods. I’m using the same basic methodology that I used last week except the transaction volume for single family homes is much lower than the transaction volume for condos. Therefore, it... Read more »
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Really Dumb Idea: San Francisco Loaning Money To First Time Homebuyers

Really Dumb Idea: San Francisco Loaning Money To First Time Homebuyers
When I heard about San Francisco’s Downpayment Assistance Loan Program yesterday morning I couldn’t believe it – and apparently this program has been around for a while, albeit in a less generous form. The Mayor’s Office Of Housing And Community Development will begin “loaning” up to $200,000¬†for down payment assistance to qualified first time homebuyers¬†... Read more »

Chicago's Hottest Condo Neighborhoods

Chicago's Hottest Condo Neighborhoods
I finally got around to this long overdue post about Chicago’s hottest neighborhoods and then quickly realized what was obvious: the neighborhoods that look the hottest depend upon whether or not you are looking at condos or single family homes. So I decided to start by looking at Chicago’s condo market, which is actually easier... Read more »

Chicago #2 In Zombie Foreclosures Despite Long Term Decline In Foreclosure Activity

Chicago #2 In Zombie Foreclosures Despite Long Term Decline In Foreclosure Activity
On the same day (yesterday) that Crain’s reports that Illinois is in the “deepest financial hole ever” we find out from RealtyTrac that the Chicago area has the second highest level of zombie foreclosures in the country, behind Miami, and Illinois is also in second place among states. Zombie foreclosures are homes that have been... Read more »
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Chicago Housing Market Merely Coasting In Neutral In February

Chicago Housing Market Merely Coasting In Neutral In February
As has been the case recently the Chicago housing market continued to sputter along in neutral in February, unable to keep up with last year’s torrid growth rate. February is coming in around 1.6% less than last year, which was up around 20% over 2012. And once again, in two weeks, the Illinois Association of... Read more »

Defining Chicago's Neighborhoods

Defining Chicago's Neighborhoods
I’m working on a post about Chicago’s hottest neighborhoods but before I do that I realized that I better provide some background information on what exactly are the Chicago neighborhoods since this concept is very confusing and ripe with misinformation and really bad terminology. The whole thing is such a mess that it took me... 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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