Archive for August 2015

Your Life Insurance Policy Might Be Your Best Investment Opportunity - 4%+ Tax Free

Your Life Insurance Policy Might Be Your Best Investment Opportunity - 4%+ Tax Free
This has almost nothing to do with real estate but I recently realized that the topic of life insurance as an investment often gets a pretty bad rap. A lot of people will tell you that life insurance is a terrible investment and that if you need life insurance you should simply buy a term... Read more »

Land Values Soaring In Chicago's East Village

Land Values Soaring In Chicago's East Village
When I moved to Chicago’s East Village neighborhood a little more than 3 years ago teardowns and vacant land were still relatively cheap compared to the higher income areas of the city. But since then I’ve seen land values skyrocket as ever more expensive new construction homes are being built here. The rise in prices... Read more »

Case Shiller: Chicago In Last Place In Home Price Gains

Case Shiller: Chicago In Last Place In Home Price Gains
The good news is that the latest Case Shiller Chicago home price index for June shows continuing gains but the bad news is that those gains continue to get smaller and smaller each month. In fact, of all the 20 metro areas covered by Case Shiller Chicago came in at last place for the first... Read more »
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RealtyTrac Market Report: Chicago Foreclosure Activity Jumped Up In July

RealtyTrac Market Report: Chicago Foreclosure Activity Jumped Up In July
As I’ve pointed out before Chicago foreclosure activity is highly variable from month to month and July was no exception. The RealtyTrac July Foreclosure Market Report just came out and the Chicago data shows another increase but you have to look at the numbers in the context of the overall long term trend in the... Read more »

Home Price Forecast: Real Estate Experts Less Optimistic

Home Price Forecast: Real Estate Experts Less Optimistic
Zillow and Pulsenomics just released their third quarter 2015 Home Price Expectations Survey for the nation as a whole and the more than 100 panelists surveyed are a bit less optimistic than they were for the 2nd quarter survey in May. Their new consensus forecast is for cumulative appreciation of 18.1% over the 5 year... Read more »

5 Tips To Compete With Cash Home Buyers

5 Tips To Compete With Cash Home Buyers
The following guest post was written by Jackson Cooper of Jensen & Company. All cash home sales comprised 37.9 percent of all closed deals in February, according to the most recent CoreLogic data. That is down from 40.6 percent the previous February. Cash sales have dropped every month since January 2013, opening the door for... Read more »
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Chicago Real Estate Market Update: Another 9 Year Record Sales High

Chicago Real Estate Market Update: Another 9 Year Record Sales High
It’s just another month in paradise. The Chicago real estate market continues on a tear with July sales hitting another 9 year record high. In fact, if you look at the graph below, with all the Julys flagged with red squares, you can see that we were within spitting distance of a 10 year high.... Read more »

Chicago's Most Expensive Homes: A Non Price Reduction On Ann Lurie's Mansion

Chicago's Most Expensive Homes: A Non Price Reduction On Ann Lurie's Mansion
Back in January I posted on a significant price reduction on Ann Lurie’s Mansion from $13.75 MM to $11 MM. Almost 7 months later and the house at 1547 N Dearborn still hasn’t sold and it’s been on the market now for 766 days. About a week ago I noticed that the listing got cancelled... Read more »

Expensive New Construction Homes In Ravenswood

Expensive New Construction Homes In Ravenswood
Last week, when I posted my ultimate guide to new construction homes in Chicago, I remarked on how unusual I thought it was that Uptown came in only 3rd, behind Lincoln Park and Lake View, in a ranking of the price of new single family homes. So I dug into the details a bit further... Read more »
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