Archive for April 2014

Case Shiller: Chicago Condo Prices Soar Ahead Of Last Year

Case Shiller: Chicago Condo Prices Soar Ahead Of Last Year
Yes, this morning’s release of the Case Shiller home price index for February showed prices continuing to decline from the previous month but that is totally normal for this time of year. What is more interesting is the price change relative to last year at this time and of course the index numbers specifically for... Read more »

Why You Shouldn't Care That Chicago Median Home Prices Rose 26.7% In The Last Year

Why You Shouldn't Care That Chicago Median Home Prices Rose 26.7% In The Last Year
As I told you they would earlier this month in my March Chicago real estate market update, the Illinois Association of Realtors reported yesterday that median home prices in Chicago rose by 26.7% in March from the prior year. The Chicago Tribune reported this fact with this characteristically misleading statement by the media: “Prices continue... Read more »

Beware Public Act 94-1049 When Buying A Foreclosed Condo In Illinois

Beware Public Act 94-1049 When Buying A Foreclosed Condo In Illinois
If you look at an MLS listing for a foreclosed condo (and by this I mean bank owned) in Illinois it will often say “Public act 94-1049 may apply”. Usually this statement is in the description that the public can see but sometimes it’s in the agent remarks, which may only be visible to real... Read more »
Advertisement:

Price Slashed On Chicago's Most Expensive Home: Ann Lurie Mansion

Price Slashed On Chicago's Most Expensive Home: Ann Lurie Mansion
Almost a year ago, when I originally posted on the listing of Ann Lurie’s mansion, it was the most expensive single family home ever listed in Chicago, priced at $18.75 MM. After sitting on the market for 316 days the house at 1547 N Dearborn finally had it’s price slashed on Friday – down to... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Rises In March

RealtyTrac Market Report: Chicago Foreclosure Activity Rises In March
RealtyTrac’s release of their March foreclosure market report on Thursday sneaked past me as it came out earlier than I was expecting and while I was focusing on my income taxes (what a needlessly complicated waste of time and now I have to suffer the further indignity of standing in line at the post office).... Read more »

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home
One of the first things they taught us in our real estate training class (after you get your license is when the real training begins but it’s heavily focused on how to make money) is that a realtor should make sure that all their buyers have a mortgage pre approval before they spend too much... Read more »
Advertisement:

Chicago Real Estate Market Update: Home Sales Continued To Drop In March

Chicago Real Estate Market Update: Home Sales Continued To Drop In March
March just topped off the third month in a row of declining home sales in Chicago. Compare that to last year at this time when home sales were spiking by double digit percentage growth rates during the entire first quarter. I’m seeing a 4.4% decline in year over year sales for this March but when... Read more »

Wow! I Got My Cook County Property Taxes Lowered Even More!

Wow! I Got My Cook County Property Taxes Lowered Even More!
About 6 weeks ago I posted on the detailed process for appealing your Cook County property taxes. In that post I mentioned that I appealed my own property taxes (technically the assessed value) instead of engaging an attorney because I thought I would put more effort into my own situation than an attorney would and... Read more »
  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Fresh Chicago News

  • Getting Real On Facebook

  • Subscribe To Getting Real

    Subscribe to RSS Feed RSS Feed

    Enter your email address:

    Delivered by FeedBurner

    Google
  • Meet The Blogger

    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.

  • Tags

  • Monthly Archives

  • Advertisement: