Archive for April 2016

Surprise! Chicago Housing Affordability Is Better Than Austin, Texas

Surprise! Chicago Housing Affordability Is Better Than Austin, Texas
My wife and I lived in Austin, Texas back in the early 80s (yeah, I’m dating myself) and it still had a bit of a back woods feel to it. I remember it being a pretty small town relative to Dallas where I grew up. So, under the assumption that the world doesn’t change, I... Read more »

Case Shiller: Chicago Area Home Price Gains Still Lagging Other Major Metros

Case Shiller: Chicago Area Home Price Gains Still Lagging Other Major Metros
The Chicago area may not be dead last among 20 metro areas in home price appreciation over the last year but it sure is second to last. This is what the latest Case Shiller Chicago home price index for February is showing in this morning’s release. I’ve been tracking the year over year price increase... Read more »

3 Tips To Mitigate Capital Gains on Real Estate Sales

3 Tips To Mitigate Capital Gains on Real Estate Sales
This guest post was written by Jackson Cooper, an investment real estate & finance enthusiast, involved with the experts at  American Society For Asset Protection.  The average long-term capital gains tax rate in the United States is 28.6%, when you combine federal, state and local taxes, according to the Tax Foundation. That’s sixth highest among... Read more »
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What Those Real Estate Brokerage Rankings Really Mean

What Those Real Estate Brokerage Rankings Really Mean
Late last week Dennis Rodkin ran a story on the 2015 sales performance and rankings of the top Chicago area real estate brokerages in Crain’s. Much ado was made about the fact that Berkshire Hathaway HomeServices KoenigRubloff Realty Group’s (yeah, that’s one company) sales volume dropped while all the other major area brokerages saw increases... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Still High And Not Really Falling

RealtyTrac Market Report: Chicago Foreclosure Activity Still High And Not Really Falling
RealtyTrac just released their March Foreclosure Market Report – the first report in 3 months as they took a break from this activity to release several other reports. The data for Chicago shows that activity has pretty much bottomed out in the last few months. It’s hard to tell from one month to the next... Read more »

Reigning In Pocket Listings: Chicago Area MLS Creates MLS For Homes Not On MLS

Reigning In Pocket Listings: Chicago Area MLS Creates MLS For Homes Not On MLS
I’ve written a few posts in the past about the wild, wild west of pocket listings that sounds a heck of a lot sexier than it really is. The basic concept is to secretly market a home for sale so that nobody will really know that it’s for sale except for that perfect buyer who... Read more »
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Chicago Real Estate Market Update: Home Sales Struggling To Keep Up With Last Year

Chicago Real Estate Market Update: Home Sales Struggling To Keep Up With Last Year
It looks like the Chicago real estate market is just continuing to struggle against the sales volume of last year. March was another sluggish month just like February was after taking out the leap day, down about 0.9% from last year. My 0.9% decline will translate into a 3.4% decline according to the Illinois Association... Read more »

Real Estate Agents Who Claim To Sell Homes At Higher Prices: The Bogus Sale To List Ratio

Real Estate Agents Who Claim To Sell Homes At Higher Prices: The Bogus Sale To List Ratio
About a year ago I posted on some of the real estate agent false advertising in Chicago, including preposterous claims made that a particular realtor could sell homes for 10% more than other real estate agents. After that post I found two other examples of agents making similar claims. These are clearly ethical violations and... Read more »