Archive for April 2015

Pilsen Real Estate Investment Properties - Sellers Beware

Pilsen Real Estate Investment Properties - Sellers Beware
Apparently sellers of Pilsen real estate investment properties have no idea what real estate agents are doing to them – or in the case of banks selling their repossessed buildings maybe they don’t care. We show (or try to show) a lot of investment properties in Pilsen for our investor clients and we’ve seen it... Read more »

Chicago's Most Expensive Homes: Bizzare Pricing Strategy On That Converted Substation

Chicago's Most Expensive Homes: Bizzare Pricing Strategy On That Converted Substation
Back in November I wrote about one of Chicago’s Most Expensive Homes that had just hit the market on The Gold Coast: The $14 MM Converted Substation On The Gold Coast. The 15,000 sq ft home located at 924 N Clark St was originally priced at $13.9 MM but then that listing was cancelled exactly... Read more »

Case Shiller: Chicago Home Prices Showing Growing Strength

Case Shiller: Chicago Home Prices Showing Growing Strength
The February Case Shiller Home Price Index just came out for the nation and for 20 metropolitan areas. The Case Shiller Chicago home price index shows that year over year price increases are back on the rise for the second month in a row after essentially 12 months of declines. You can see the relative... Read more »
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Pocket Listings: The Tighter The Real Estate Market, The Worse The Idea

Pocket Listings: The Tighter The Real Estate Market, The Worse The Idea
Back in January I posted on Pocket Listings: The Growing Fad To Sell Homes “Not On The MLS” and how it’s a really bad idea for sellers and really isn’t very good for buyers either. In a nutshell, why would you offer a home for sale to a limited pool of buyers and run a... Read more »

Beware Of Real Estate Agents' False Advertising

Beware Of Real Estate Agents' False Advertising
It’s been almost 2 years since I wrote about how Realtors lie to get your business – in particular when they are trying to get you to sell your home through them. Back then I really didn’t share specific examples of the deceptive practices but recently I came across a couple of great case studies... Read more »

RealtyTrac Market Report: Did Chicago Foreclosure Activity Really Just Spike Up?

RealtyTrac Market Report: Did Chicago Foreclosure Activity Really Just Spike Up?
I did a double take yesterday when RealtyTrac released their March Foreclosure Market Report, including data for Chicago. Since peaking again in August 2012 Chicago foreclosure activity has generally been on a downward trend and actually hit a new low in February. Then the March data comes along and it’s roughly triple what it was... Read more »
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Chicago Expensive Homes: 542 W Grant Pl - $9.25 MM

Chicago Expensive Homes: 542 W Grant Pl - $9.25 MM
This 9200 square foot home at 542 W Grant Pl in east Lincoln Park has got to be the most unassuming of Chicago’s most expensive homes. From the outside it looks exactly like it once was – a commercial/ industrial space. It just went on the market on Friday, listed at $9.25 MM, making it... Read more »

Chicago Real Estate Market Update: Home Sales Soar To 8 Year High

Chicago Real Estate Market Update: Home Sales Soar To 8 Year High
For a little more than a year the Chicago real estate market has been weak – weak in terms of home sales that is. Then February showed a little sign of improvement with its 6.4% improvement over the previous year. Well, I just looked at March and it blew February out of the water with... Read more »