Category: economy

It doesn't pay to be a small business today

Small businesses are struggling. Just ask John Robinson. He’s executive vice president with the Indianapolis office of Jones Lang LaSalle, a commercial real estate company. When he looks at the commercial real estate market across Indianapolis and its suburbs, he notices one thing: Those tenants that want to lease space in the 10,000- to 30,000-square-foot... Read more »

Looking for a quick real estate turnaround? How about waiting until 2015?

Albert Berriz Are things getting better yet in the real estate world? No one knows the answer to that. But those people working in the business say that anyone who expects a quick real estate turnaround, on both the residential and commercial sides of the business, is bound to be disappointed. Yesterday, for example, I... Read more »

Want a home that's more attractive to buyers? Live by the Metra

Living close to a Metra station is a good financial move. When my family and I were looking for a new home four years ago, we searched until we found one within walking distance — or bike-riding distance if we’re in a rush — of a Metra station. Turns out, that was a wise financial... Read more »
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Even the ritzy Chicago suburbs have sluggish housing markets

When I was a kid, we considered a trip to the Plush Horse ice cream parlor in Palos Park to be a real treat. And why not? The ice cream was great. It still is. The housing market in Palos Park, though, isn’t so terrific these days. In fact, it’s a lot like it is... Read more »

Why so stressed out Chicago?

Trying to get to work each morning in the Chicago area is no easy task. Housing values here are falling. The unemployment rate in Chicago stood at 10.5 percent in July, higher than the national average. And a new report from the Federal Reserve said that the economy in Chicago is actually slowing. It’s all... Read more »

When does renting out that hard-to-sell Chicago condo make sense?

When does it make sense to move from trying to sell your Chicago condo to trying to rent it? For Adam Hrejsa, that point came after he reduced the asking price of his condo in Chicago’s River West neighborhood twice. When his real estate agent suggested he reduce the price a third time, Hrejsa took... Read more »
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Selling a Chicago home isn't complicated, even today

David Dornbos Selling a home, whether in Chicago, its suburbs or any other market, has never been a complicated matter. It’s all about making one big decision: Are you going to sell your Chicago condo or single-family home in an “as is” condition with a lower price tag, or are you going to update your... Read more »

Want to sell your home quickly? Get rid of those smells

The smell of cigarette smoke can scuttle your housing sale. My wife and I were looking at a nice home: It was a brick bungalow, well within our price range and large enough for our family. Problem was, it smelled. The entire place reeked of cat urine. That outweighed the hardwood floors, impressive first-floor staircase... Read more »

Looking to sell a Chicago home today? The basics matter

Suzy Frederickson The latest numbers are enough to make owners think twice before putting their residences on the market: According to the latest figures from the National Association of Realtors, July housing sales across the country fell by 27.2 percent. July sales represented a 15-year low, and the biggest one month drop in housing sales... Read more »
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Finding the silver lining of falling housing prices

Bob Arnold’s certainly not a pessimist. How can he be? He’s found the silver lining in falling home prices. Arnold is a real estate agent with RE/MAX Team 2000 in Orland Park. You’d think he, of all people, would be sweating the lower housing prices. But here’s what he’s found: The lower housing prices in... Read more »