Category: selling a condo

Resisting the temptation to declare the start of a Chicago housing market rebound

The March sales numbers from the Illinois Association of Realtors were good for Chicago. Not only did the number of condo and single-family home sales in the city rise during the month, so did the median price of these sales. That last point is important. For months, city of Chicago home sales have been rising,... Read more »

No more $5 pizzas ... a (sort of) housing market lesson

The $5 pizza restaurant in my neighborhood closed down yesterday, much to the dismay of my 13-year-old son. That’s right, for just $5 you could get a large pepperoni, sausage or cheese pizza. It wouldn’t taste that great, but two pizzas for $10 could feed our family on lazy nights when no one felt like... Read more »

Let's apologize media: There really was a housing bubble

A recent reader of my blog — check one post down — took me to task a bit, asking me, in essence, why the media so often get a free pass for the role they played in the housing boom and bust that sent the country into the Great Recession. Well, that reader is right.... Read more »
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Your home isn't worth as much as you think it is -- just ask your real estate agent

Here’s what real estate agents dislike about home sellers: They all hold too high an opinion of their own residences. Sure, they understand that home prices across Chicago and its suburbs have fallen. They just think it’s the homes of everyone else whose values have fallen. As one veteran agent told me just last week:... Read more »

Chicago home sellers should be happy that commercial real estate is in recovery mode

You might not think it matters to the Chicago housing market if developers can get loans from banks to build industrial properties. But all real estate in the city is connected. If the city’s commercial real estate markets are doing well, that means that developers are building again, new stores are opening and, most importantly,... Read more »

Chicagoans can't keep still, apparently

There are a lot of us in Chicago who don’t like where we live. Not the city, of course. We like that. We just want to live somewhere else in it. At least that’s what the latest numbers from Movers.com, an online provider of moving information, seem to suggest. Movers.com released its latest round of... Read more »
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Do we really want Realtors to market to us?

As a freelance writer, I sometimes write things that I don’t really believe. It comes with the job. I think about this every time I get a new e-mail from a local Realtor in my inbox. The problem is, I never asked for this Realtor to send me any of his obviously automated messages. 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 »

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 »
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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 »