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2016 Real Estate Outlook includes Price Stagnation
Marketwatch, as part of its New Year's coverage, recently provided a well-researched and reported forecast of the four real estate trends that will shape the market in 2016. It's really a good read and well worth the visit. The piece features no shortage of pertinent takeaways that can be applied to the Chicago real estate Read more
Chicago Housing Most Undervalued Among World’s Largest Cities
The Chicago housing market is the most undervalued of the world's largest cities, according to a new report that measures the threat of housing bubbles in various big cities across the globe. The cities facing the biggest threat of a housing bubble are London and Hong Kong. The UBS Global Real Estate Bubble Index found Read more
Mistakes Can Be Costly When Selling a Home
Properly preparing your home for sale is an arduous process. There is a seemingly endless to-do list that can be filled with potential pitfalls. Here are some of the mistakes you will want to avoid when selling a home. Listing Your Home Too Quickly—You will want to be sure you are fully aware of the Read more
Parking Plan Proposed for Chicago Real Estate Agents
Real estate agents dart from here to there, neighborhood to neighborhood all throughout the day. When visiting various homes, parking is a constant issue in a city like Chicago with all of its residential parking zones and required permits. City Clerk Susan Mendoza would like to change the situation, while simultaneously adding to the city's Read more
Home Prices Jumped 5% Nationwide in July, Report
Home prices in the U.S. saw a 5% spike in July, according to the latest Standar & Poor's/Case-Shiller Home Price Index. Home prices rose in all 20 cities measured in the report, with San Francisco seeing the biggest increase at 10.4%. Continuing to push home prices higher is a lack of available homes. As the Read more
N.A.R. Report Indicates Housing Market is Leveling Off
Pending home sales in the U.S. rose just slightly in July and the increase was less than forecast, which could indicate the red-hot housing market could finally be leveling off. According to the National Association of Realtors forward-looking Pending Home Sales Index—which measures signed contracts for purchases of previously owned home, home sales increased by Read more
Award-Winning Mansion in Lincoln Park Hits the Market
One of the most unique homes currently on the market in Chicago—an 1800s dairy barn in Lincoln Park that's been transformed into the modern mansion you see above—was recently featured as the House of the Day at Curbed Chicago. This unique residence rises three stories and covers four property lines in Lincoln Park. It comes Read more
Classic Meets Modern with this Five-Bedroom in Bucktown
1620 Wolcott Ave. Chicago, Ill. This multi-level home in a prime Bucktown location in Chicago was recently put on the market with a list price of $1,359,900. The residence, which features a dynamic blend of both classic and modern touches, comes with five bedrooms, 3.5 baths and 2,422 square-feet of living space. At Read more
Willis Tower to be Widened as Part of Major Overhaul
Willis Tower Major changes are coming to Willis Tower, the tallest building in Chicago. Crain's Business Journal is reporting that, following it's recent sale for a record $1.3 billion, plans are being drawn up for renovations that would include widening the building with the addition of a plaza. The planned low-rise add-on to Read more