Advertisement:

Posts in category "News"

Home Sales To Be Revised Downward - So What?

Late today the National Association of Realtors’ chief economist, Lawrence Yun, announced that on December 21 the results of their periodic rebenchmarking exercise will be announced and it will result is a “meaningful” downward revision in their estimates of existing home sales going all the way back to 2007. You can check out this explanation... Read more »
By Gary Lucido,
December 13, 2011 at 11:17 pm
• Leave a comment

4th Month Of Home Price Increases In Chicago

Case Shiller just released their August home price data for Chicago and, after falling to a 10 year low in April, Chicago single family home prices have now rebounded 4 months in a row, rising a total of 8.4% – 1.4% from July. Condominium prices have risen 5 months in a row – a total... Read more »
By Gary Lucido,
October 25, 2011 at 8:45 am
• Leave a comment

Rosie O'Donnell Closes On Lake View Home For $2.25 MM Cash

Rosie O'Donnell Closes On Lake View Home For $2.25 MM Cash
It looks like Rosie O’Donnell closed on her Lake View home at 1517 W Grace on Monday. It only took 2 weeks to close as it was an all cash deal – no surprise. It was also a dual agency deal – ugh! I also suspect she didn’t get a buyer rebate – ugh! The... Read more »
By Gary Lucido,
September 29, 2011 at 5:37 am
• Leave a comment
Advertisement:

Chicago Home Prices Continue To Increase In July

It seems like everyone was trying to get to the July Case Shiller home price index numbers at the same time this morning. They were released at 8 AM Central time but the site was slammed for the first 9 minutes. I guess it’s really popular data. What the data showed is that in the... Read more »
By Gary Lucido,
September 27, 2011 at 8:31 am
• Leave a comment

Government Looking To Steal Money From Investors For Homeowner Handouts

Government Looking To Steal Money From Investors For Homeowner Handouts
When Obama delivered his jobs speech about a week ago he dropped a hint about a proposed program to work with federal agencies to help responsible, underwater homeowners refinance their mortgages. As he described it this would  “put more than $2,000 a year in a family’s pocket, and give a lift to an economy still... Read more »
By Gary Lucido,
September 17, 2011 at 12:39 am
• Leave a comment

24% Increase In Foreclosures Not As Bad As It Seems

Despite the fact that RealtyTrac just released their August Foreclosure Market Report showing a 24% increase in foreclosure activity in Chicago from July it’s probably not as bad as it seems. As you can see from the more than 2 years of foreclosure activity in the graph below, fluctuations of this magnitude are not that... Read more »
By Gary Lucido,
September 15, 2011 at 5:00 pm
• Leave a comment
Advertisement:

$12 MM Foreclosure On Spire Developer's Personal Residence

Garrett Kelleher, the developer of The Spire, has obviously seen better days. First, all he has to show for his Spire project is a massive hole in the ground and that is facing a $77 MM foreclosure suit. But now, according to a story in Crain’s yesterday, his personal residence at 1416 N Astor St... Read more »
By Gary Lucido,
August 26, 2011 at 9:19 am
• 1 comment

Chicago Home Prices Finally Bounce

After 8 straight months of declines single family home prices in Chicago finally bounced up according to the May Case Shiller home price index for Chicago just released a few minutes ago. In addition, condominium prices in Chicago also continued their upward bounce that started with the April release. This could very well be the... Read more »
By Gary Lucido,
July 26, 2011 at 8:41 am
• 1 comment

Realtor Association Cleans Up Their Housing Data

Today, and two days after the originally scheduled release date, the Illinois Association of Realtors announced the June home sales statistics for Chicago, the greater metro area, and all of Illinois. The reason for the delay was that the IAR was working on getting to the bottom of some pretty serious data errors that led... Read more »
By Gary Lucido,
July 22, 2011 at 3:35 pm
• Leave a comment
Advertisement:

Chicago Foreclosure Acitivity Remains "Low". Good News?

Once again the foreclosure activity for Chicago has been reported by RealtyTrac and it shows a continued subdued level of activity. That’s on a relative basis. Relative to 2009 and 2010, which were pretty awful. See the graph at the bottom of this post. So you would think that’s good news but RealtyTrac voices a... Read more »
By Gary Lucido,
July 14, 2011 at 9:27 am
• Leave a comment
  • ChicagoNow is full of win

    Welcome to the new ChicagoNow.

    Learn about the changes, browse our blogs, or
    join ChicagoNow.

    Sign in Pitch your idea
  • Advertisement:

  • Getting Real On Facebook

  • Subscribe To Getting Real

    Subscribe to RSS Feed RSS Feed

    Enter your email address:

    Delivered by FeedBurner

    Google

  • Meet The Blogger

    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

  • Recent posts

  • Tags

  • Monthly Archives

  • Latest on ChicagoNow