Posts in category "News"

Habitat For Humanity To Build 13 Homes On Chicago's Magnificent Mile

Habitat For Humanity To Build 13 Homes On Chicago's Magnificent Mile
Last week I had the pleasure of interviewing Matt Johnson, CEO of Chicagoland Habitat for Humanity, about their upcoming event from May 29 – June 1 on Pioneer Plaza at the southern end of Chicago’s Magnificent Mile (that’s the plaza right next to the Tribune building where Forever Marilyn was) where they told me they... Read more »

This Week In Chicago Real Estate News

This Week In Chicago Real Estate News
Here are a couple of Chicago real estate news items I thought were interesting.     Another $100,000 knocked off the price of the Ferris Bueller home They’re still trying to sell that Ferris Bueller house at 370 Beech St in Highland Park. The house that featured the Ferrari driving out the window of the... Read more »

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 »

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 »

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 »

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 »

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 »

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 »

$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 »

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 »
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    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.

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