Tag: Market conditions
Quote: Foreclosures are "the new normal"
"It's this thing that people want to search because that's their new baseline: What are the foreclosure prices in Oak Park or Oak Lawn? Five years ago [...]
Selling in a challenging market
For sellers, "challenging" is just another word for "frustrating," and both terms are apt for describing today's real estate market. In this video, [...]
Quote of the day: Signs of life in Lincoln Park
To all the non-Chicago Realtors who come to my open houses in Lincoln Park each weekend and ask me if the "market has picked up around here"; yes, t [...]
Getting real-time market data from Rubloff
Among all of the Chicago brokerages with a strong online presence, it was Rubloff that pioneered many of the concepts buyers expect from today's Web [...]
Mergers and acquisitions: Pierson on Chicago's evolving brokerage scene
From the sale of Jameson by the CRF Marketing team, to Sudler Sotheby's purchase of Sussex & Reilly, to the merger of Prudential Preferred Propertie [...]
Did bad weather drive down home sales? Don't believe the hype, says Olick
The National Association of Realtors blames bad weather for a 7.6-percent drop in pending home sales in January.
After parsing the association's co [...]
Is the repeat buyer tax credit a dud?
"No one is saying, 'I need to buy something before it expires.'"
- Houston-based Realtor Tim Surratt, on the $6,500 federal tax credit for repeat home [...]
California dreamin – the rent-free life
On such a dreary winter's day, visit the LA Times and consider the plight of Californians for whom rent and mortgage payments have become a distant, [...]
A decade of national and local home values
Now that the Standard & Poor's site is back up, I've been able to pull some numbers from the latest Case-Shiller report. Using Google Docs, I put to [...]
Case-Shiller Tuesday: Chicago home values drop 7 percent year-over-year
The Standard & Poor's Web site simply won't load for me today, so all I can tell you about the December '09 Case-Shiller Home Price Indices is what I' [...]
Quote of the day: Let the credits expire
From The Wall Street Journal:
“It’s worn out its benefit. If you extend it again, it isn’t going to do much, and what you’re doing is providing a tax [...]
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 [...]
Quote of the day: short sales will rule
So much for our predictions -- the Calculated Risk blog looked at a new report on foreclosures and declared 2010 "the year of the short sale." [...]
Immigrants and neighborhood development
In his opening remarks at LISC/Chicago's "Back to the Future" panel last week, Raul Raymundo of The Resurrection Project focused on the role of immi [...]
Today's Realtor – getting by on gift cards and deli trays
How bad is it out there for the average Realtor? An e-blast from Chicago Agent advertising tomorrow's brokers open house at Lexington Square reminded [...]
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 [...]
Quote: What matters in a new home
"This is a traumatic time in this country and the future isn't something we're 100% sure about now either. What's left? The answer for most home buyer [...]
When will Chicago home values stop falling?
When you get down to it, everyone who attended last week's Chicago Association of Realtors' 2010 Economic Forecast panel wanted to know the same thi [...]
The end of new construction
Not forever, mind you -- just for the foreseeable future. The Ritz-Carlton Residences, slated for completion in 2011, will be the last new-construct [...]
Quote of the day: Going great guns!
2010 was shot out of a cannon.
- Realtor Eric Rojas, describing the spike in sales and showings his group saw last month. [...]