Archive for May 2014

How Real Estate Agents (Try To) Convince You That They Are Neighborhood Experts

How Real Estate Agents (Try To) Convince You That They Are Neighborhood Experts
Last week I posted on the #2 Myth About Selling Your Home – the silly idea that you need a real estate agent that is the neighborhood (or building in the case of a high rise) expert to get the highest price for your home. But I saved until today the whole topic of how... Read more »

Case Shiller: Chicago Home Prices Show Highest Growth In 25 Years

Case Shiller: Chicago Home Prices Show Highest Growth In 25 Years
Chicago home prices have been on a real tear lately, soaring ahead of last year by new record percentages each month. March was no exception, with this morning’s release of the Case Shiller home price index. This is the time of year when prices normally start to reverse and go back up with the spring... Read more »

The #2 Myth About Selling Your Home

The #2 Myth About Selling Your Home
It’s been 3 years since I posted about the #1 Myth About Selling Your Home. Time flies. I shouldn’t have waited so long to get around to the #2 myth, which is that you need a “neighborhood expert” to sell your home. On the surface it sounds like an obvious requirement, right? Kind of like... Read more »
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Home Price Outlook: Economists Still Mildly Optimistic

Home Price Outlook: Economists Still Mildly Optimistic
Late last week Zillow released their latest Home Price Expectations Survey, which is conducted by Pulsenomics. The survey obtains input from over 100 real estate “experts”, including economists. The orange line in the graph below looks at their mean outlook over time for the average annual growth rate for the survey’s time horizon of 5... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Basically Flat In April

RealtyTrac Market Report: Chicago Foreclosure Activity Basically Flat In April
RealtyTrac released their April foreclosure market report this morning and frankly I’m finding the data to be more and more boring each month – especially as you compare April to March. The only real change from March to April was in the 16% drop in auction activity and even that is not particularly interesting given... Read more »

The Expansion Of Poverty, Wealth, And Real Estate Values In Chicago

The Expansion Of Poverty, Wealth, And Real Estate Values In Chicago
About 6 weeks ago Daniel Kay Hertz, an MPP student at the University of Chicago, posted some really interesting visual representations of the spread of poverty and wealth in Chicago: Watch Chicago’s Middle Class Vanish Before Your Eyes. I’ve been sitting on this topic ever since, trying to figure out what to do with it.... Read more »
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Habitat For Humanity To Build 13 Homes On Chicago's Magnificent Mile

Habitat For Humanity To Build 13 Homes On Chicago's Magnificent Mile
Last week I had the pleasure of interviewing Matt Johnson, CEO of Chicagoland Habitat for Humanity, about their upcoming event from May 29 – June 1 on Pioneer Plaza at the southern end of Chicago’s Magnificent Mile (that’s the plaza right next to the Tribune building where Forever Marilyn was) where they told me they... Read more »

April Chicago Real Estate Market Update: Home Sales Still Falling

April Chicago Real Estate Market Update: Home Sales Still Falling
It looks like the Chicago real estate market is still declining – slightly. Compared to last year April home sales in the city were down by 5.5%, making April the 4th month in a row of declining sales. Although the Illinois Association of Realtors will be looking at the same sales numbers as me in... Read more »

Here's Why The Case Shiller Home Price Index Doesn't Stink

Here's Why The Case Shiller Home Price Index Doesn't Stink
When the Case Shiller home price index for February was released on Tuesday an article appeared on the Business Insider site entitled: Here’s Why The Case Shiller Home Price Index Stinks. The article, written by Mamta¬† Badkar, referenced the work of Ian Shepherdson of Pantheon Macroeconomics, who has come to the conclusion that the Case... 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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