Preparing Your Home For Storms

Preparing Your Home For Storms
This guest post was written by Tony Licari, Chicago District General Manager for Sears Home Services. In Chicago, summer means barbeques and music festivals, but it can also bring extreme weather and storms – which we’ve seen plenty of both recently. However, there’s a lot homeowners can do to prepare. A quick fix: when severe... Read more »

NAR Reverts To Old Nonsensical Position On FSBO Debate

NAR Reverts To Old Nonsensical Position On FSBO Debate
I really thought we had put this issue to bed a year ago – the real cost or savings of for sale by owner – when some smart guys finally looked at the problem the correct way. For years the National Association of Realtors made outrageous claims about how a real estate agent could get... Read more »

Chicago Real Estate Market Update: July Home Sales Beat Last Year

Chicago Real Estate Market Update: July Home Sales Beat Last Year
The Chicago real estate market just had it’s largest annual percentage home sales increase in 16 months. July was up 4.1% from last year but I’m really not impressed. The graph below shows monthly Chicago home sales going back to January 1997 with all July points flagged in red and a light blue 12 month... Read more »
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Chicago's Safest And Most Dangerous Neighborhoods 2018: Assault & Battery

Chicago's Safest And Most Dangerous Neighborhoods 2018: Assault & Battery
Last week I attempted to provide some updated data that people could use to evaluate which are Chicago’s safest and most dangerous neighborhoods. That first pass was based upon murders, which is what people really obsess about since getting murdered is usually pretty severe and irreversible. The only thing is that you are far more... Read more »

Case Shiller: Chicago Area Home Price Gains One Notch Above Bottom

Case Shiller: Chicago Area Home Price Gains One Notch Above Bottom
Dow Jones S&P CoreLogic released the May Case Shiller home price indices for the nation and the 20 largest metro areas a few hours ago. While home prices for the nation as a whole appreciated by 6.4% over the last year and the 20 metro areas appreciated by 6.5%, the Case Shiller Chicago area home... Read more »

A 56% Price Cut And They Still Can't Sell This Lake View House

A 56% Price Cut And They Still Can't Sell This Lake View House
It’s been almost 5 years since I wrote about a beautiful 6000 square foot home for sale at 1457 W Addison on a 41 x 134 lot in Lake View with 4 bedrooms and 5 bathrooms. It first hit the market on October 21, 2013 with a list price of $4,999,999 and a major open... Read more »
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Chicago's Safest And Most Dangerous Neighborhoods 2018: Murders

Chicago's Safest And Most Dangerous Neighborhoods 2018: Murders
Every July, at the peak of Chicago’s crime season, I update my statistical summary of Chicago’s murders and other physically threatening crime. It’s my response to a common question in real estate that we can’t easily answer: which are Chicago’s safest and most dangerous neighborhoods? We can’t easily answer the question because 1) safe and... Read more »

Chicago Foreclosure Activity Shows Further Improvement In June

Chicago Foreclosure Activity Shows Further Improvement In June
Late last week ATTOM Data Solutions released their Midyear 2018 U.S. Foreclosure Market Report which showed continued progress in the nation’s struggle with distressed properties. In the first half of the year foreclosure activity was 15% lower than in 2017. Nevertheless, some areas of the country are seeing increases and Daren Blomquist, senior vice president... Read more »

2017 Cook County And Chicago Property Tax Rates Simplified

2017 Cook County And Chicago Property Tax Rates Simplified
It’s been almost a month since the Cook County Clerk released the 2017 Cook County and Chicago property tax rates and you’ve probably already received your final 2017 tax bill. I was otherwise occupied at the time so I’m just now getting around to telling you what the numbers mean. In a nutshell it wasn’t... Read more »
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Case Shiller: Chicago Area Home Price Appreciation Still Pathetic

Case Shiller: Chicago Area Home Price Appreciation Still Pathetic
Dow Jones S&P CoreLogic released the April Case Shiller home price index a couple of weeks ago while I was otherwise occupied and it remains a sad story for the Chicago area. Although we did see our 66th consecutive month of year over year gains in single family home prices and the highest gain in... Read more »