Category: Real Estate

How much do you need to earn to buy a home in Chicago?

With nationwide interest rates on the rise,  inventory at historic lows and home prices rising in Chicago, housing affordability has once again become a hot-button topic. took the National Association of Realtor’s third quarter data for media home prices and their third-quarter average interest rate for 30-year, fixed-rate mortgages to determine how much money... Read more »

Chicago’s Top 3 Hipster Zip Codes

RealtyTrac on Thursday released a report called the “Top 25 Hipster Zips for Returns on Rental Properties” – places where investors interested in investing in the rental market should place their bets. Three Chicago zip codes – 60625, 60647, 60642 – made the list. Realty Trac said it analyzed zip code data to identify established... Read more »

The New Real Estate Crystal Ball

I am in real estate media. I eat, sleep and live the topic. It’s what people corner me about at dinner parties, the gym and the dog park. Because of my work, I track several high-tech real estate indicators and indices, all of which profess to know where the housing market is headed. But, I’ve... Read more »

So, You Accidentally Bought A Meth Lab

Imagine finding your dream home – then finding out that the home was used as a meth lab by its previous owners. No, this isn’t an idea for Breaking Bad to live on after its series finale in 2013; it actually happened to Jonathan Hankins. Jonathan Hankins started a campaign on after learning that... Read more »

REOs: Great Deal or Pain in the Ass?

A big reason there’s still so much inventory out there is the amount of REO property on the market. Real estate owned or REO is a class of property owned by a lender—typically a bank or government agency—after an unsuccessful sale at a foreclosure auction. REOs can be a great deal – they are typically... Read more »