Tag: Quote of the day
Quote of the day: Taking advantage of the foreclosure trend
So distressed properties are the market's "new normal" -- what does that mean for people who aren't looking to buy or sell a foreclosed home or short [...]
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 [...]
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 [...]
The funky heart of Rogers Park
How does Rogers Park, a neighborhood on the northern edge of Chicago, stay funky? The secret is geography. The area lies beyond the end of Lake S [...]
Quote of the day: Elysian's troublesome top
Tribune architecture critic Blair Kamin, on the Elysian: If all we do is laugh at traditionalism, rather than figuring out how to do it better, then t [...]
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 [...]
Quote of the day: Putting the brakes on Bronzeville
From the Tribune:
"This area has come to a screeching halt. We thought the business and the community would be much further along."
- Richard Chal [...]
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 [...]
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 [...]
FBI: Short sale scams on the rise
FlippingFrenzy.com, one of the more than 100 publications and blogs we feed into Chicago Real Estate News, published a story this morning about the ne [...]
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. [...]
Quote of the day: "A new reality"
Chicago homeowners will have to get used to a new reality, where selling a house routinely takes six months or more and home appreciation just barely [...]
Quote of the day: A wish for 2010
I think we're all waiting to see what the new year will bring. When I look at last year, the real bugger for me is the gap between the reality of what [...]
Quote of the day: Designs for the future
From Blair Kamin's Cityscapes:
“There’s a blurring of boundaries between architects, designers, developers and contractor. Just like we see public-pr [...]
Quote of the day: The bubble hasn't burst
From the Wall Street Journal:
“If anything, I expect housing to be weaker than normal rather than stronger over the next decade. People who say this [...]
Call of the wild: Realtor-bashing in action
What was it Joe said about Realtor-bashing? "Almost all of the negative commentary is hopelessly juvenile in tone, and leaves one with the impression [...]
Paying more for amenity access
"The residents felt very strongly about having the free breakfast. [Recession or not,] it's critical to have the proper amenities."
- Sheilla Manigat [...]
Quote of the day: The next hot 'hood
"How long before it becomes another Bucktown, Wicker Park? I would definitely say in a couple of years."
- Maurice Ortiz, marketing director at Apart [...]