Archive for January 2020

Chicago Foreclosure Activity Bounces Off Of Recent Lows

Chicago Foreclosure Activity Bounces Off Of Recent Lows
ATTOM Data Solutions released their year end foreclosure market report for 2019 late last week, reporting that both the nation’s foreclosure activity and its foreclosure rate hit an all time low for the 15 year tracking period. You can see this in their graph below. However, Todd Teta, chief product officer for ATTOM Data Solutions,... Read more »

11,000 Sq Ft East Lake View Mansion For $2.3 MM With Cave: 448 W Barry

11,000 Sq Ft East Lake View Mansion For $2.3 MM With Cave: 448 W Barry
Maybe the third time will be the charm but the 11,403 square foot American Foursquare mansion at 448 W Barry is back on the market, with yet another price reduction. Sitting on a 72 x 176 lot in a prime location, that seems like an awful lot of house and land for the money. Of... Read more »

Chicago's Most Expensive Single Family Home Sales Of 2019

Chicago's Most Expensive Single Family Home Sales Of 2019
If I thought the high end of the Chicago single family real estate market was tepid in 2018 then 2019 was actually pretty cold. I define the high end as anything over $4 MM and there were only 9 of those sales last year compared to 14 in 2018. And Chicago’s most expensive home sold... Read more »
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Chicago Mayor Blocks Aldermen's Crazy Plan To Stop Gentrification

Chicago Mayor Blocks Aldermen's Crazy Plan To Stop Gentrification
Two Chicago aldermen, Roberto Maldonado (26th) and Carlos Ramirez-Rosa (35th), have been concerned for some time about gentrification in their wards, driven by the success of the Bloomingdale Trail. They’ve come up with a few different ideas for stopping the inevitable and apparently none of them are working. Who would have seen that coming? So their... Read more »

Chicago Real Estate Market: December Sales Spike Actually Disappointing

Chicago Real Estate Market: December Sales Spike Actually Disappointing
First of all, December home sales in Chicago actually spiked 9.2% above last year and, technically, that is the biggest percentage gain in 33 months. But check out the graph below where I have all the monthly home sales going back to 1997 with all the Decembers flagged in red and a light blue moving... Read more »

Home Maintenance: Fixing Basement Water Leaks

Home Maintenance: Fixing Basement Water Leaks
Within a year or so of buying our house I noticed a 2 foot section of baseboard slightly discolored and swelling up in the basement. Few people would have even noticed it but I’m obsessive about water getting into the house and I knew that this was a sure sign of a basement water leak.... Read more »
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