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

A blog about Chicago Real Estate market.

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Entries Tagged as 'Housing economy'

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 [...]

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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 [...]

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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 [...]

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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 [...]

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Chicago’s Lincoln Park Not Immune to Recession, But Remains Hopeful

July 21st, 2009 · No Comments · Commercial, Housing economy, New Construction, Residential, Uncategorized

Lincoln Park: one of Chicago’s best neighborhoods. Many flock to this community because of its restaurants, parks, shopping, nightlife, entertainment—and booming Chicago real estate market. Yet as Fox Chicago’s Mark Saxenmeyer reported last Thursday, this high-end neighborhood isn’t immune to recession.
Although the troubles facing Lincoln Park aren’t as bad as the rest of the city, [...]

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Buying Chicago Real Estate: Obtain Statistical Data By Zip Code

July 16th, 2009 · 1 Comment · Housing economy, New Construction, Relocation, Residential

Moving is tough, especially in an urban city. There are many factors that come into play when looking for a potential real estate investment. Researching the pros and cons of a particular neighborhood can take hours, and some of the information isn’t easy to come by. Instead of spending precious time googling and creating spreadsheets, [...]

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Staying Conscious of the Current Market: Buying a Chicago Home

July 2nd, 2009 · No Comments · Housing economy, Residential

Despite recent depreciation of Chicago home values and recession-induced foreclosures, new data shows that the housing market is looking up. While many individuals continue to struggle with mortgage rates and payments, efforts from the loan industry combined with recent market figures indicate a not-so distant light at the end of the tunnel.
The market, which bottomed [...]

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How to Get a Chicago Real Estate Deal

July 2nd, 2009 · No Comments · Housing economy, New Construction, Residential

Since the real estate market downturn, pundits and real estate agents alike have been encouraging buyers who are able to buy real estate right now. However, getting the best deal in the current economic environment requires a plan, otherwise you may not be able to maximize your negotiation potential. To negotiate the best possible deal when purchasing a piece of [...]

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Chicago Condos For Sale: High End Luxury at Midwest Price Points

June 29th, 2009 · No Comments · Housing economy, Investors, Relocation, Residential

It’s a simple fact – in the Chicago real estate market, you’ll get much more for your money than you will in New York or California.  If you are looking for a first home (now is great time to buy, considering the tax incentives), upgrading to your dream home, or purchasing a second property, consider [...]

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