Archive for September 2014

Case Shiller: Chicago Home Price Gains Losing Steam

Case Shiller: Chicago Home Price Gains Losing Steam
The Case Shiller home price index for July was just released by S&P Dow Jones Indices for the 20 metro areas they follow, one of which is Chicago. As the headline of the release indicates there was “Broad-Based Easing of Home Price Gains”. The same was definitely true for the Case Shiller Chicago index, which... Read more »

Your First Offer Is Your Best Offer - Fact Or Fiction?

Your First Offer Is Your Best Offer - Fact Or Fiction?
When home sellers get their first offer* they are very likely to be told by their real estate agent that the first offer is the best offer – and real estate agents state this as though it’s a statistically validated fact. It’s part of the real estate mythology that is repeated like a mantra. But... Read more »

What Makes Chicago A Great City - Or Not

What Makes Chicago A Great City - Or Not
Last week Charles Schwab released the results of a survey conducted by Koski Research: The View From Chicago, in which 1000 Chicago area residents shared their views on life in the area, the local economy, and personal finances. The results paint a pretty interesting picture of what the people who live here believe makes this... Read more »
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Realty Trac Market Report: Chicago Foreclosures Hit New Low

Realty Trac Market Report: Chicago Foreclosures Hit New Low
Late last week RealtyTrac released their August Foreclosure Market Report and, while activity picked up for the nation as a whole, Chicago foreclosure activity actually declined yet again. This after I stated last month that it appeared that we had really bottomed out and there wasn’t much more room for improvement. Now I’m not sure... Read more »

August Chicago Real Estate Market Update: Home Sales Plunge Once Again

August Chicago Real Estate Market Update: Home Sales Plunge Once Again
This monthly Chicago real estate market update is overdue by about a week. In addition, I did not take my snapshot of the data until September 10 – 3 days late. Consequently, I’m about to slightly overstate August’s performance, since additional sales were reported in that 3 day time period. Nevertheless, I’m able to provide... Read more »

For Sale By Owner: The Alternatives You May Not Have Considered

For Sale By Owner: The Alternatives You May Not Have Considered
As I’ve recently posted there can be good reasons for going the for sale by owner route but there can also be plenty of legitimate reasons for not doing it (as opposed to the many bogus reasons often given by real estate agents). However, you’re not limited to just two alternatives at opposite ends of... Read more »
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For Sale By Owner: The Truth About Selling Your Own Home

For Sale By Owner: The Truth About Selling Your Own Home
Hard to believe that a real estate agent can tell you the truth about trying to sell your home without a real estate agent – especially after I just covered all the myths and lies that the industry spreads about the for sale by owner route. But I’m going to try anyway. I actually have... Read more »

For Sale By Owner: The Myths And Lies About Selling Your Own Home

For Sale By Owner: The Myths And Lies About Selling Your Own Home
Dennis Rodkin posted a story in Crain’s last week about the rise in for sale by owner (FSBO) listings on the forsalebyowner.com Web site: For Realtors, an unwelcome trend. Later in the week he also appeared (well, his voice was heard) on NPR discussing the same topic. The bottom line is really nothing new. Some... Read more »