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ChicagoDowntown / Loop

New website, name, address for 435 North Park apartments

Revel Chicago

The 50-story multi-use building in Streeterville that we’ve been following as 435 North Park Drive has topped out, closed in and taken on a new identity. The building’s new name is Revel and it has a website with limited information. The address is now listed as “340 Water St,” i.e. 340 E North Water St. ...

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Posted by Joe Zekas on June 30, 2014

If you’re smart, you’ll stay away from Renturway

Renturway

The public relations “profession” is notorious for making shotgun pitches to websites without having even the dimmest awareness of how a particular pitch might be received. Yesterday’s email included a pitch from a PR person on behalf of Renturway, a company touted as having a “remarkable business model which differs distinctly from other rental agents ...

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Posted by Joe Zekas on June 19, 2014

Are websites increasing racial and economic segregation?

Homefacts

It’s been 10 years since journalist Bill Bishop began writing about “the big sort” and five years since the publication of his book. Amazon summarizes Bishop’s thesis: Armed with startling new demographic data, he made national news in a series of articles showing how Americans have been sorting themselves into alarmingly homogeneous communities — not ...

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Posted by Joe Zekas on April 24, 2014

The top five most-viewed Chicago new apartment reviews

Optima Center

Our new apartment review pages provide a clear window, via Google Analytics, into which new buildings are generating the most interest among renters and curiosity seekers. During the last two weeks, Optima Center garnered the most page views, attracting 50% more visitors than K2 and Hubbard Place, which were in a virtual tie for second ...

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Posted by Joe Zekas on September 26, 2013

A 9/11 aerial tour of Chicago

Thumbnail image for A 9/11 aerial tour of Chicago

A year ago today I spent nearly two hours in a chartered helicopter, with the doors off, circling downtown Chicago and snapping photos. I was accompanied by Mike Scotty, our parent company‘s CEO, and Michael Kardas, a professional photographer we’ve worked with for more than 25 years. We collectively shot nearly 2,000 photos and you ...

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Posted by Joe Zekas on September 11, 2013
ChicagoDowntown / Loop

West Loop 2/2 condo sales soar year-over-year

View from West Loop

Eric Rojas, one of YoChicago’s sponsors, recently studied year-to-date sales of 2-bedroom, 2-bath condos in the portion of the West Loop west of I90/94. His findings included an 80% year-over-year increase in the number of units sold. The median price of $350K was $100K over the median price of 2-bedroom, 1-bath units in the area. ...

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Posted by Joe Zekas on August 28, 2013
News & trendsMarket conditions

YoChicago reached nearly 70K unique visitors in July

Michigan Avenue

The volume of visitors to established real estate websites is as good an index as any of the state of the housing market. YoChicago had 69,842 unique visitors in July, a 44% increase over the 48,496 unique visitors in July of 2012. We attribute most of that surge in visitors to a much healthier housing ...

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Posted by Joe Zekas on August 7, 2013

Will you be YoChicago’s 2,000th Twitter follower?

twitter logo

The majority of our approximately 60,000 unique visitors each month find something that interests them on YoChicago via Google search. We’ve tried to make it easy for you to find us where you want to. We have more than 13,000 photos available on Flickr. Our nearly 2,500 videos at YouTube have attracted more than 2,100 ...

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Posted by Joe Zekas on August 1, 2013

Woodstock Institute makes foreclosure data more accessible

Woodstock Institute

The Woodstock Institute self-describes as “a leading nonprofit research and policy organization in the areas of fair lending, wealth creation, and financial systems reform.” The organization recently revamped its website to make its collections of local lending-related data more readily accessible online. According to a news release: Of particular note is the new interactive data ...

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Posted by Joe Zekas on July 24, 2013

YoChicago approaches 2,000 followers on YouTube, Twitter

twitter logo

Many of our visitors would rather learn about what’s new here by following us on Twitter or subscribing to our videos on YouTube rather than going directly to YoChicago. If that’s your preference, visit our YouTube channel and Twitter feed to get started. You can, of course, also find us at Facebook. As of yesterday ...

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Posted by Joe Zekas on June 14, 2013

Housing tragedy tomorrow, Crib Chatter comedy tonight

Funny thing happened screen cap

To no one’s surprise, Crib Chatter‘s “Sabrina” is once again (still?) predicting a housing bust. In an unexpected move, s/he plans to convert the site to a forum: I was thinking of shutting down this site, but I AM going to turn it into a forum site. At least then we can all chat about ...

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Posted by Joe Zekas on May 28, 2013
ChicagoDowntown / Loop

What Susie and Terry love about the Gold Coast

Lake Shore Drive

When Terry moved to the city from the northern suburbs to the Gold Coast, Susie Schechtman of SeeChicagoRealEstate.com helped her find an apartment, and they became friends. “I had no idea,” says Terry, “of the extent of the shopping and fabulous restaurants that were right outside my doorstep.” Now that she’s come to know her ...

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Posted by sponsored post on May 28, 2013

How Terry found Susie Schechtman and her new home

Terry and Susie

When Terry decided to relocate to the city from the northern suburbs, she followed a now-classic path: a Google search that led her to a helpful real estate site – SeeChicagoRealEstate.com. Terry was unsure of what neighborhood she wanted to live in, but the website quickly connected her with Susie Schechtman, a veteran relocation agent ...

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Posted by sponsored post on May 23, 2013

ApartmentList.com is a garbage dump

CB screen cap

Yesterday’s email from a real estate broker included a link to ApartmentList.com, a site I hadn’t previously seen, along with the following summary of the site: Completely inaccurate listing information randomly assigning agents to various listings. Bizarre. I am getting 20 calls a day. My correspondent hadn’t signed up for the site. “I’m just on ...

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Posted by Joe Zekas on April 23, 2013
News & trendsMarket conditions

Student loans –the end of homeownership?

Federal Reserve graphic

The American Interest, commenting on a study by the Federal Reserve Bank of New York: For the first time in ten years, 30-year-olds with a history of student debt are less likely to buy homes and cars than their debtless counterparts. Or in other words, a college degree, while offering a potential career boost, may ...

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Posted by Joe Zekas on April 23, 2013
News & trendsMarket conditions

Distressed sales decline sharply in major cities, modestly in Chicago

Wilcox Ave, Chicago

Last week the ever-informative Calculated Risk blog posted a table showing the share of the market accounted for by distressed properties, i.e. short sales and foreclosures, in 13 major cities. The market share of distressed properties declined significantly year-over-year in March in a number of cities. Las Vegas and Phoenix, for example, saw year-over-year declines ...

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Posted by Joe Zekas on April 22, 2013
News & trendsMarket conditions

YoChicago traffic continues at record highs

Michigan Ave, Joeff Davis

YoChicago reached 59,476 unique visitors in March, a 28% increase over March 2012, and a new high, surpassing January’s previous high. We reached over 426,529 unique visitors in the twelve months ending March 31, 2013, also a new high. Approximately two-thirds of our visitors are new to the site each month, Sixty percent of our ...

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Posted by Joe Zekas on April 22, 2013

Check out the cribs and ignore the chatter

Sabrina at CribChatter performs a useful service for real estate buyers by diligently searching out and spotlighting interesting new listings, and revisiting ones that have lingered on the market for a while. Sabrina recently suggested in a comment that s/he’s “thinking about shutting the site down:” CribChatter’s traffic is at 5 year lows. People want ...

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Posted by Joe Zekas on March 11, 2013

YoChicago “honored” as top Chicago real estate website

Movoto badge

We place the “honored” in quotes based on the nature of the site that selected YoChicago as one of the top 6 real estate sites in Chicago, and the only site to receive the highest score on each of the factors considered in the selections. Movoto is a real estate search engine whose business model ...

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Posted by Joe Zekas on March 6, 2013

Start your May 1st apartment search now

DePaul, Chicago

It’s only the first week of February, but Chicago landlords are already beginning to post May 1 vacancies on their websites. Early next month landlords will know how many additional apartments they’ll have available for May 1 occupancy. The most desirable apartments typically rent quickly, and renters who wait until the last minute to look ...

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Posted by Joe Zekas on February 6, 2013