Housing economy | Chicago Real Estate, Chicago Condos, Lakeview & Lincoln Park Condos in Chicago

Entries Tagged as 'Housing economy'

Anticipating Mortgage Rates for Chicago Luxury Real Estate

March 5th, 2010 · No Comments · Housing economy, Residential

With the housing market showing signs of recovery and increased speculation about rising interest rates, prospective higher-end buyers may want to consider pulling the trigger on that purchase of a Chicago home.
The banking industry is bracing for a potential rate hike anywhere from 2 to 4 percent during the course of the next 12 to [...]

Downtown Chicago Real Estate Sales Picking Up Among Condos

February 23rd, 2010 · No Comments · Housing economy, Residential

For those who have been on the fence to purchase a new downtown Chicago condo, now may be the ideal time. While several buildings downtown are still being built, new construction downtown projects in Chicago have slowed down considerably, and not much is in the window for the foreseeable future.
According to an article in [...]

5 Critical Considerations When Buying A Chicago Real Estate Foreclosure

February 9th, 2010 · No Comments · Housing economy, Residential

The Illinois Association of Realtors announced last month that December’s total home sales were up 20.1 percent compared to December 2008. The report marked the fourth consecutive month that sales were on the upswing—so is the Chicago real estate market looking up?

Hot Property for Buyers: A 3-Bedroom Chicago Condo

January 8th, 2010 · No Comments · Housing economy, Residential, Uncategorized

While there’s no shortage of good deals among Chicago real estate, there is one type of property that you might find at even more of a discount: the 3-bedroom Chicago condo.
An article in November’s Chicago magazine said three-bedroom condos have been a tough sell in a down real estate market. The reason? Those who [...]

Luxury Chicago Homes Are Still Selling

October 22nd, 2009 · No Comments · Housing economy, Residential

It’s no secret that real estate has been a bit topsy-turvy. But the good news is that Chicago homes are still selling – particularly high-end properties in coveted neighborhoods like Gold Coast, Lincoln Park and Lakeview.
In today’s Chicago real estate market, these high-end homes go from anywhere from $2 million up to $15 million. [...]

Buying A Chicago Home? Follow These Steps If You Want To Close The Deal

September 24th, 2009 · No Comments · Housing economy, Residential

It isn’t news that the economy is down, or that banks are being very tight with lending. But it may come as surprise to know that most banks will look for any reason not to close a deal—so don’t give them one. If anything deviates from the norm, some mortgage lenders are quick to delay [...]

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Downtown Chicago Real Estate Trends

September 18th, 2009 · No Comments · Housing economy, New Construction, Residential

By Gail Lissner
Are buyers returning to the Chicago condo market? While the sales volume continues at very thin levels, there has been a recent uptick in sales activity as prospective buyers are sensing that pricing has now reached levels which are rather enticing. With the discounted pricing now being offered by sellers in the Chicago [...]

Chicago Real Estate Market To Be Affected By New Loan Disclosure Rules

September 9th, 2009 · No Comments · Housing economy

Closing on a piece of real estate can be a wonderful feeling, especially if you’re buying in Chicago. But those feelings of joy are often dampened by the hidden costs and fees that come with closing a deal. However, according to Realty Times, in an attempt to prevent such an occurrence, the Federal Reserve Board [...]

Sell Your Chicago Home Faster With Staging

August 24th, 2009 · No Comments · Housing economy, Residential

It’s a rare occasion when I recommend a specific person’s services, however, a recent experience has prompted me to do just that. I was always told that if you stage a home, it will sell faster. But throughout my 20 years as a luxury Chicago real estate agent, I never saw the value in it—until [...]

Getting a Fair Appraisal For Your Chicago Home

August 3rd, 2009 · No Comments · Housing economy, Relocation, Residential

When selling or refinancing your Chicago home or Chicago condo, nothing is more important than the appraisal. In this economic climate prices have dropped tremendously, but don’t let your home be undervalued. As originally reported by Money Magazine, below are five tips to insure your home is being appraised accurately before you sell or refinance.

“It’s [...]

Chicago Real Estate, Chicago Condos, Lakeview & Lincoln Park Condos in Chicago

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