From the category archives:
Market Activity
July 2, 2010
From wonderful to wrecked, Chicago condos can come in all shapes, sizes, and conditions. And like everything, it’s important to do a little digging before you make a commitment. This is especially true for properties just out of foreclosure. In Chicago, foreclosure condos have risen dramatically since the real estate market imploded nearly two years [...]
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July 1, 2010
Recently, a top real estate executive predicted that luxury Chicago condos will rebound faster than the market for single family homes for sale. In early June, Jim Kinney, Vice President of the luxury division of Baird & Warner, stated his opinion on the market for Chicago condos.
Reasons for the Rebound of [...]
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June 30, 2010
The National Association of Realtors released the May statistics for Chicago homes for sale this week. The national data isn’t all positive, but the Chicago statistics hint at a possible recovery. Understanding these statistics and how they are trending will help Chicagoans looking to buy Chicago homes find the best deals [...]
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June 29, 2010
While the inventory of rental condominiums is drying up, apartment rentals are dominant in the downtown Chicago real estate market. Many urban dwellers leery of buying in the current economy, for fear of not being able to sell, have turned toward renting Chicago loop real estate. An accompanying bump in rental inventory is planned for [...]
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May 26, 2010
While the number of rental condos in downtown Chicago is still higher than in years before 2008, YoChicago is reporting that rental numbers have decreased substantially over the past six months. Higher numbers of Chicago condos for rent in the past two years have been caused by many condo owners and investors [...]
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May 6, 2010
At the end of March, the Illinois senate voted to lift the residency requirement for Chicago Public School teachers. Formerly, teachers and other school employees who worked in the CPS system also had to own Chicago real estate within the city limits unless granted a waiver by the Board of Education. Similarly, [...]
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