Tag: Appraisal Research Counselors
Quote of the day: No incentive to buy
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We're not seeing the big comeback in the homes that are above $2 million or [...]
Downtown condo sales: who was busy in the first quarter of 2010?
More than 55 percent of downtown Chicago's new condo and townhome developments reported an increase in the number of units sold from the fourth quar [...]
Quote of the day: A recent history of rental concessions in Chicago's suburbs
Concessions were the marketing tool of choice to lure renters back to projects after the market began its decline in 2001. Our surveys indicated one f [...]
Quote of the day: What's the holdup?
From Appraisal Research Counselors' 4Q 2009 Downtown Chicago Residential Benchmark Report:
Nearly every building which has been recently constructed h [...]
Fallout still a factor in the downtown market
Developers continue to report that some buyers don't want to close on their contracts (i.e. investors) while others lack the financial resources to cl [...]
2009 – the worst year for downtown sales
Crain's Alby Gallun attended today's Appraisal Research Counselors luncheon and came back with mixed news.
On the one hand, downtown developers made [...]
ARC: Developers say, "Make me an offer"
Price discounts are becoming more publicly advertised, although developers remain concerned about the ripple effects. Several buildings have undergone [...]
Vultures aren't feeding on downtown homes
Potential buyers are scouring the market in pursuit of "broken condos": A wide variety of potential buyers are actively looking at the Downtown Chicag [...]
Downtown development: What's left?
Appraisal Research Counselors' Downtown Chicago Residential Benchmark Report for the third quarter of 2009 is out, and the outlook for developers rema [...]