Archive for July 2017

Chicago's Safest And Most Dangerous Neighborhoods: Assault And Battery

Chicago's Safest And Most Dangerous Neighborhoods: Assault And Battery
An updated version of this post is available here with data through June 2019: Chicago’s Safest And Most Dangerous Neighborhoods 2019: Assault And Battery This is my final post in my 2017 series on Chicago’s safest and most dangerous neighborhoods. The previous two posts focused first on Chicago’s murders and then on the shootings. Each... Read more »

Case Shiller: Chicago Area Falls To Last Place In Home Price Gains

Case Shiller: Chicago Area Falls To Last Place In Home Price Gains
When US single family home prices hit a sixth consecutive monthly high and the top 20 metro areas register an average 5.7% gain in home prices over the last year while Chicago is still struggling to get back to the housing bubble peak and only registers a 3.3% year over year gain…well….that’s sadder than even... Read more »

Chicago Foreclosure Activity: Defaults Approach New Low

Chicago Foreclosure Activity: Defaults Approach New Low
ATTOM Data Solutions/ RealtyTrac released their Midyear 2017 U.S. Foreclosure Market Report™ today and it continues to show that our foreclosure nightmare is slowly fading into a distant, bad memory. Chicago foreclosure activity came close to breaching the low set 17 months ago and defaults came within a hair’s breadth of puncturing the low of... Read more »
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Chicago's Safest And Most Dangerous Neighborhoods Based On Shootings

Chicago's Safest And Most Dangerous Neighborhoods Based On Shootings
Last week I posted on Chicago’s safest and most dangerous neighborhoods based on the murder rate. Although that’s a pretty popular way for people to make a determination of a neighborhood’s relative safety it’s actually a pretty narrow definition. A lot of bad things an happen to people without them getting murdered. For instance, they... Read more »

Agents Who Screw Up Listings With Bad Real Estate Photos

Agents Who Screw Up Listings With Bad Real Estate Photos
I think the last time I wrote about the importance of professional photos was more than 7 years ago: Professional Real Estate Photos Make World Of Difference. Of course, surprisingly, many realtors continue to use pretty bad real estate photos in their listings. I think what’s even more surprising is that home sellers continue to... Read more »

Chicago's Safest And Most Dangerous Neighborhoods By Murder Rate

Chicago's Safest And Most Dangerous Neighborhoods By Murder Rate
There is an updated version of this post with data through June 2019 here: Chicago’s Safest And Most Dangerous Neighborhoods 2019: Murders It’s that time of year again when tempers and temperatures flare in unison, resulting in the untimely demise of hundreds of people. Everyone already knows that Chicago’s murder rate has skyrocketed in the... Read more »
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Chicago Real Estate Market Update: June Strongest Month In 10 Years

Chicago Real Estate Market Update: June Strongest Month In 10 Years
On the one hand the Chicago real estate market just had it’s strongest home sale month in 10 years but on the other hand  it really looks like the air has been let out of the real estate market. June home sales were up a measly 1.7% over last year which was just enough to... Read more »

Writing A Home Offer Letter To Win In Multiple Bid Situations

Writing A Home Offer Letter To Win In Multiple Bid Situations
In hot markets throughout the country, where home buyers are running into multiple bid situations, buyers often write home offer letters in an attempt to persuade the sellers to give them the edge – even over buyers offering more money. Frankly, it doesn’t even have to be a multiple bid situation since you could use... Read more »