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
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
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
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
April was a big month for the housing market in Chicago, as the number of home sold was up 7.5 percent from a year earlier and the median price of a home in Chicago jumped 11% to $210,000. In April, there were 9,037 units sold in the Chicago area. All seven-counties that make up the Read more
Frank Lloyd Wright's Henderson House in Elmhurst. Frank Lloyd Wright (1867-1959) is one of the most acclaimed and well-known architects in U.S. history. For more than a century now, his designs have dotted the landscape of Chicago, the city where he started his career and first gained accolades. Wright and his self-described style Read more
A recent Consumer Reports survey of 330 real estate professionals painted a clear picture on what can be done to ensure you receive top dollar when deciding to sell your home. With the busy spring selling season here, let's see what the survey says. First, you will want to leave yourself plenty of time to Read more
Real estate data firm Zillow has released an illuminating new book called “Zillow Talk: The New Rules of Real Estate." In the book, Zillow Chief Economist Stan Humphries and Chief Executive Spencer Rascoff analyze the firm's massive data piles to come up with new conclusions on how best to sell a home. The Chicago Tribune Read more
Northridge Commons was recently sold for at least $70 million. Crain's Chicago Business recently reported on the rapidly growing demand for retail properties in Chicago and in other urban areas. The reason? It's largely attributed to the recovery of the retail market, great recent returns on shopping centers and the fact new supply Read more
The number of homes sold in November were down and the median price was up in both Chicago and throughout Illinois in November, according to the latest report from the Illinois Association of Realtors. In the nine-county Chicago metropolitan area, there were 7,090 homes sold in November. That's down 8.8 percent from November 2013 when 7,777 Read more