Blog
Chicago West Loop and River North Real Estate Still Hot
Chicago West Loop and River North Real Estate Markets for Properties $500,000 to $749,999 Outperform Gold Coast and Streeterville During the first five months of 2019, Chicago area housing inventory (i.e., generally considered the number of properties listed for sale) has increased for attached single family homes priced between $500,000 and $749,999: Similarly, the Chicago... Read More
Chicago Luxury Real Estate Market Winners
First Five Months of 2019 Chicago Gold Coast Outperforms River North, West Loop, and Lincoln Park For condominiums, co-ops, or town-homes that are located in buildings with eight or more units and with sales price points equal to or above $1,200,000, Chicago Gold Coast was the clear winner in the first five months of 2019.... Read More
Rare Chicago Greystone On Double Lot
3061 West Augusta Boulevard Chicago Illinois (property detail link and Google Map link) This classic Chicago greystone property, with modern interior, sits within a 50 x 131 double lot facing 207 acre Humboldt Park. The property has professional landscaping, including a butterfly garden and native plants. The property was originally designed by the architect Charles... Read More
Chicago River North Real Estate Remains Front Runner
November 2018 Statistics Still Show a Sellers Market in River North Chicago Recently, realtor.com issued a nationwide housing report predicting a “tougher road ahead for home buyers and sellers in 2019.” The report states that price growth will continue to slow, housing inventory will have a modest seven percent increase, and it does not “expect... Read More
FHFA Increases Loan Limits for 2019 And That’s Good News for Buyers
“You can now buy a home for $510,000 with as little as 5% down.” ~ Anthony J. Marinaccio, SVP, Key Mortgage Services HOUSINGWIRE recently reported that Fannie Mae and Freddie Mac conforming loan limits will increase in nearly every part of the United States.** This 6.9% increase is the first in a decade. Marinaccio says... Read More
What Buyers Should Know About Fannie Mae Homepath
Q: This home is Fannie Mae Homepath…what does that mean for a buyer? A: The Fannie Mae Homepath property means that this foreclosed property is now owned and being sold through the Fannie Mae Homepath program. The plus side to this is that these programs usually have special benefits for buyers with often times lower... Read More
2 Chicago Real Estate Districts Staring Down the Seller Slump
Strong Sellers Market in Two Chicago West Loop and River North Real Estate Districts Recently, the Wall Street Journal reported, “U.S. Existing-Home Sales Rose in October“, then added “Sales, however, fell on an annual basis, signaling continued weakness in the housing market“. Similarly, the New York Times reported, “Why the Housing Market Is Slumping Despite... Read More
Q3 2018 Chicago Streeterville Real Estate Market Update
Signs Point Towards a Buyers Market for Chicago Streeterville Real Estate For condominiums, town-homes, or co-ops that were located in buildings with eight or more units in Streeterville, the number of sold properties and overall sales volume was down Q3 2018 compared to Q2 2018. Similarly, median and average sold prices were down in Q3... Read More
Q3 Chicago Old Town Real Estate Market Update
Data Beginning to Point to a Balanced Real Estate Market in Chicago Old Town For condominiums, co-ops, or town-homes that are located in buildings with eight or more units in Chicago Old Town, Q3 2018 vs Q2 2018 market statistics showed decreases in the number of properties sold and sales volume and average sales price,... Read More
Q3 2018 Chicago Gold Coast Real Estate Market Update
Market winds favor buyers in the Chicago Gold Coast Real Estate Market For condominiums, town-homes, or co-ops that are located in buildings with eight or more units in the Chicago Gold Coast, Q3 2018 vs Q2 2018 market statistics show that this market has cooled down. Overall sales are down and median listing market times... Read More