Archive for June 2014

Chicago's Pilsen Neighborhood: Finally Poised To Take Off?

Chicago's Pilsen Neighborhood: Finally Poised To Take Off?
I lived just on the other side of the railroad tracks from Pilsen for about 10 years in University Village so I’ve had my eye on this Chicago neighborhood for some time as I drove through the neighborhood or actually stopped there to eat at some of my favorite restaurants or to stand in line... Read more »

Case Shiller: Chicago Home Price Growth Slows Slightly

Case Shiller: Chicago Home Price Growth Slows Slightly
This morning’s release of the Case Shiller home price index covers the three month period ending in April. This is a time period when prices are usually on the rise in Chicago and this year is no exception, though it was too hard to compete with last year’s hefty gains so the year over year... Read more »

More Chicago Homeowners Try Selling But Not Happy With Results

More Chicago Homeowners Try Selling But Not Happy With Results
Last week I posted on Chicago’s May real estate market update and noted that there was a peculiar phenomenon in the data. While listing activity is up and sales are down inventory is also down. In principal the change in inventory = new listings – sales – cancellations/ expirations so my conclusion was that expirations... Read more »
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RealtyTrac Market Report: Chicago Foreclosure Activity Continues Decline In May

RealtyTrac Market Report: Chicago Foreclosure Activity Continues Decline In May
I’m running out of ways of saying that Chicago’s foreclosure problem is gradually going away. Every month when RealtyTrac releases their foreclosure market report the news is pretty much the same. Either there isn’t much change or the activity declines further. Such is the case with the May foreclosure market report. As you can see... Read more »

Obama's Student Loan Relief Program: The Inconvenient Truths

Obama's Student Loan Relief Program: The Inconvenient Truths
President Obama signed an executive order yesterday extending student loan relief to an estimated 5 million borrowers, capping their monthly loan payments at 10% of their monthly income. Another apparent something-for-nothing program, this makes for great politics but it does nothing to solve the real problem of the economics of higher education – or the... Read more »

May Chicago Real Estate Market Update: Home Sales Plunge

May Chicago Real Estate Market Update: Home Sales Plunge
The Chicago real estate market took a pretty big hit in May, with sales declining by the largest year over year percentage since June 2011 – down 13.5%. That marks the 5th month in a row that sales declined from the previous year. In two weeks the Illinois Association of Realtors (IAR) will report a... Read more »
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Ferris Bueller Highland Park House Finally Sells After 5 Years

Ferris Bueller Highland Park House Finally Sells After 5 Years
It’s been a long 5 years for the famous Highland Park home at 370 Beech St. featured in the classic 1986 film (a work of art of this stature is called a film, not a movie) Ferris Bueller’s Day Off. That’s how long the owners have been trying to unload this very uniquely designed home,... Read more »

They Really Did Build Affordable Homes On Chicago's Magnificent Mile

They Really Did Build Affordable Homes On Chicago's Magnificent Mile
Almost 3 weeks ago I posted on Chicagoland Habitat For Humanity’s Raise Your Hand Chicagoland event where they were going to build 13 affordable homes on Chicago’s Magnificent Mile – Pioneer Plaza to be exact. That event was this past weekend from Thursday through Sunday and, although I couldn’t stop by, I did drive by... 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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