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August 2009 - Posts

TECHNOLOGY TIPS - HOW SECURE IS YOUR WEB BROWSER?
Nowadays, many people seemed to have forgotten the importance (and the inherent dangers) of their computer's browser. They forgot that the browser, per se, works like a two-way street. It is where cyber security should police the two-way cyber traffic. Read More...
CHICAGO IL REAL ESTATE STATS PACK - August 31, 2009
Good Morning! A new Disclosure Law for Home Mortgage Loans , the Mortgage Disclosure Improvement Act of 2008 , was just enacted the end of last month. It was designed to provide borrowers with advance notice on any changes in loan terms prior to closing Read More...
MORTGAGE DISCLOSURE IMPROVEMENT ACT, New July 30, 2009, Could Delay Some Closings!
NEW LAW REQUIRES WAITING PERIODS AFTER LOAN TERMS, COSTS, OR ANNUAL PERCENTAGE RATE CHANGES! Here at Dean's Team Chicago, our Buyer's Agency business has been vibrant with first-time homebuyers seeking to take advantage of the Fed $8,000 Income Read More...
IN CHICAGO, Tougher Condo Sales Spell Trouble for Traditional Landlords!
GLUT OF UNSOLD CONDOS CREATES "SHADOW" MARKET OF CONDOS FOR RENT, AND NEW COMPETITION FOR LANDLORDS! Within the past year to 18 months, many trying to sell their condos have faced a glut of competitive units when they sell. The Condo Market Read More...
THIS WEEKEND IN CHICAGO - A FULL PLATE!
I don't know if you noticed or not, but we're starting to run out of longer daylight hours! And you know what that means - dare I say it. Nah, Chicago still has its plate full this weekend. Let's take a look - There's the 25 th Annual Read More...
LIL' BUDDY'S BLOG: Price War? Number 2 Chicago Food Store Chain, Dominick's, Slashing Costs on Thousands of Grocery Items!
THE CHICAGO IL REAL ESTATE MARKET, AND OTHER THINGS CHICAGO, FROM THE POINT OF VIEW OF A LITTLE WHITE DOG! Hello, you dogs! Gracie Ella Moss here - you know, the Lil' Brown Dog in the Moss Household . Buddy is out tonight with the boys - an all-night Read More...
MORTGAGE LOAN MODIFICATIONS! Are They Happening? Will They Really Make a Difference?
DISTRESSED HOMEOWNERS WAIT MONTHS FOR AN ANSWER! OFTEN TIMES, THEY FALL BACK INTO TROUBLE A SHORT TIME LATER! Modifying the terms on a mortgage loan! Not necessarily the principal balance, but the interest rate, and repayment schedule. As reported by Read More...
LOST HOME EQUITY - Will It Ever Be Recovered?
IN U.S., TOTAL MARKET VALUE OF ALL RESIDENTIAL REAL ESTATE HAS TUMBLED 18% IN THREE YEARS! Remember the Good Old Days? Way Back . . . let's say . . . 2006! Home Equity Growth - practically guaranteed! 3%, 5%, 7% each year! Marching on! But now? The Read More...
CHICAGO NEIGHBORHOOD NEWS - PORTAGE PARK, LINCOLN PARK, LOOP, OLD TOWN, OAK PARK
PORTAGE PARK When trying to find a unique magazine or newspaper, it's really hard to know where to go. Sometimes, even the library does not have what you need. Worse yet, you may have to wait order what you want. Enter into the picture, local treasure Read More...
FED FIRST-TIME HOMEBUYER TAX CREDIT! Will It Be Extended? Should It Be?
BILLS PENDING IN CONGRESS WOULD EXTEND FOR ANOTHER YEAR. WILL IT HELP? Early this year, when Congress passed, and President Obama signed, an $8,000 non-repayable income tax credit for First Time Homebuyers who purchased and closed on their new homes before Read More...
ALBANY PARK VALUE - RECENT 2BR CONDO REHAB!
MLS® $127,400 - Great Value! Albany Park, Chicago - Large, Top-Floor 2 Bedroom on Quiet Street. Recent Rehab -- Gourmet Eat-In Kitchen with 42" Euro Cabinets, Premium Appliances and Fixtures, Breakfast Bar! Hardwood Floors Throughout! Bath with Read More...
KATHY’S HOME & GARDEN TIPS – HAZARDOUS HOUSEHOLD WASTE
Our good friend and Home Inspector Extraordinaire, Ryan Foley, had a very interesting article in his August newsletter. Check out the full article at http://www.spyglassinspections.net/ . Most of us don't realize that many of the items we use every Read More...
TECHNOLOGY TIPS - FINDING THE RIGHT LAPTOP FOR YOU
I'm in the market to find a laptop. I've got specific needs for my personal and business use that quite frankly not everyone else would need. Oh but where to start?! In my search I'm finding it's difficult to find the perfect laptop that Read More...
CHICAGO IL REAL ESTATE STATS PACK - August 24, 2009
Good Morning! Here in the Chicago Area, Units Sold of Single Family Homes and Condominiums seem to have rebounded - but Median Sales Price is way down versus one year ago. In the City of Chicago , sales continue sluggish, as Unit Sales continue to slide, Read More...
CHICAGO-AREA HOME SALES UP AGAIN IN JULY, But Median Prices Still Falling!
CHICAGO METRO AREA SHOWS FIRST YEAR-OVER-YEAR UNIT SALES INCREASE SINCE 2006! CITY OF CHICAGO STILL FALTERS! It's Sunday night in Chicago - hope you had a Great Weekend, and you had a chance to enjoy some of what the summer offers here! There was Read More...
JOB LOSSES FUEL UPTICK IN FORECLOSURES!
ONE IN 10 HOMEOWNERS AT LEAST ONE MONTH BEHIND, 4% IN FORECLOSURE - NATIONAL DELINQUENCY SURVEY! U.S. Foreclosure Figures continue to rise, on the heels of a continued weak employment outlook in many areas of the country. Indeed, according to the quarterly Read More...
Price Reduced on 1317-4343 N. Clarendon Avenue in Buena Park
Buena Park, Chicago - PRICE REDUCED! Incredible 2BR/2BA High-Floor Condo offers Panoramic Lake and City View from Floor-to-Ceiling Windows. Full Amenity Building. CTA Express to Loop and Michigan Avenue at door! Come See! Now Only $169,000 - heated indoor Read More...
CHICAGO IN 1948 - The More Things Change . . .
THE YOUTUBE TIME MACHINE TAKES YOU BACK. BUT, HEY . . . I RECOGNIZE THAT! 1948! Over 60 years ago! I wasn't around back then. Likely, neither were YOU! But my beloved home town, Chicago , where I was born, raised, and have lived all my life - definitely Read More...
THIS WEEKEND IN CHICAGO - LET’S EAT!
For some reason, this weekend seems to be a low-keyed one around here in Chicago. Certainly nothing like the past several weeks! Perhaps it's because school will be starting soon for many of the kids. But whatever the reason, I say "Let's Read More...
LIL' BUDDY'S BLOG - As Lenders Slash Credit Card Limits, Many See Their Credit Scores Take A Hit!
THE CHICAGO IL REAL ESTATE MARKET, AND OTHER THINGS CHICAGO, FROM THE POINT OF VIEW OF A LITTLE WHITE DOG! Hey, you dogs! This photo is a couple of years old, when I was a bit more flushed. These days, in today's tough economy, money's a bit harder Read More...
CHICAGO NEIGHBORHOOD NEWS - NORWOOD PARK, LINCOLN PARK, GOLD COAST, LOOP, NAPERVILLE
NORWOOD PARK I'm an avid reader. I like the book better than the movie most of the time. So imagine my joy at learning that the Norwood Park Historical Society (NPHS) is hosting their Book and Collectible Fair this Sunday, August 23. The National Read More...
KATHY’S HOME & GARDEN TIPS - CONSERVING WATER IN THE HOME AND YARD
There are many ways to conserve water around the house. Here are some great examples that you can implement today and it won't break the bank. If you cover your sidewalk with a porous material, such as pavers or gravel instead of solid cement or asphalt, Read More...
CHICAGO IL REAL ESTATE STATS PACK - August 17, 2009
Good Morning! Declining Home Ownership Across the U.S. Is this a temporary adjustment, or a new, lasting trend. The American Population is getting older - and older age segments tend to rent more. Further, is a growing view that owning a home might be Read More...
DECLINING PERCENTAGE OF HOME OWNERSHIP - Is It A Permanent Trend?
PERCENTAGE OF AMERICANS WHO OWN HOMES FELL 2.3% IN SECOND QUARTER, 2009 - A FALL OFF OF NEARLY 2 MILLION HOMEOWNERS! The High Water Mark of Home Ownership across the U.S. occurred in mid-2005. Since that time, staggering levels of home foreclosures, tight Read More...
TECHNOLOGY TIPS - CAN YOU TRANSLATE THIS TEXT MESSAGE: NALOPKT
I'll tell you what it means in a minute. First, I wanted to tell you about this great website that will help you if you are little behind the curve. I'm talking about NetLingo . It's a website that provides definitions of Internet terms and Read More...
FHA 203 K LOANS - An Old Construction Loan Program Begins to Make a Comeback!
LONG-STANDING FHA PROGRAM OFFERS PURCHASE, REHAB MONEY FOR AS LITTLE AS 3.5% DOWN! According to Realty Trac , at this moment, there are over 2 Million Foreclosed Homes across the U.S. All are vacant, and many are in need of extensive renovation and repair. Read More...
DELAYED IL FORECLOSURE NOTICES NOW ARRIVE FOR DISTRESSED HOMEOWNERS!
NO EXPECTED FALL OFF IN IL MORTGAGE LOAN DEFAULTS! There is one inherent problem with government-mandated moratorium, or "cooling off" periods. They eventually expire, and those who benefited from the delay are now subject to what the stall Read More...
IN CHICAGO, Budget Cuts Force Day Off Monday for Many City Services!
FACING BUDGET SHORTFALL, CHICAGO TO SHUT MANY NON-ESSENTIAL SERVICES FOR ONE DAY - AUGUST 17TH! What's going on here? Here, in Chicago? While walking by the Sulzer Regional Branch of the Chicago Public Library , near the Dean's Team Chicago World Read More...
THIS WEEKEND IN CHICAGO - A “HOW TO” CHICAGO WEEKEND!
Here's "how to" have a GREAT Chicago weekend, especially when the weather will be cooperating! Start your Friday with one of the following neighborhood festivals - Edison Park Fest 2009 - Edison Park Metra Station (6730 N. Olmsted Avenue) Read More...
LIL' BUDDY'S BLOG: Chicago To Get Yet Another New Area Code this Fall!
THE CHICAGO IL REAL ESTATE MARKET, AND OTHER THINGS CHICAGO, FROM THE POINT OF VIEW OF A LITTLE WHITE DOG! Hey, you dogs! Looks like I'll have to do a bit of re-programming on my new red cell phone, shown here. You see, the City of Chicago is getting Read More...
HERE THAT RUSHING SOUND? It's First-Time Homebuyers Wanting That $8,000 Fed Tax Credit By November 30 Deadline!
FAST-APPROACHING DEADLINE HAS MANY 1ST-TIME BUYERS SEARCHING FOR THEIR NEW HOME! Last January, the deadline seemed like a million years away. But now, those first-time homebuyers wanting to take advantage of the Federal Stimulus Package First-Time Buyer Read More...
CTA L TRACKS TO GET LONGER IN CHICAGO, SUBURBS! But It May Take A While!
PROPOSAL, IN EARLY STAGES, WOULD EXTEND CTA RED, YELLOW, AND ORANGE L LINES! In Chicago , our historic CTA Elevated , which we fondly refer to as "The El," has carted thousands of commuters and tourists around our town daily for nearly 120 years. Read More...
PORTAGE PARK - STUNNING, IMMACULATE BRICK CAPE COD - WON'T LAST!
• 2 Full Baths, 3 Bedrooms - MLS® $297,400 Portage Park, Chicago - Immaculate Home on Quiet Street is Deceptively Large! Brick 3 Bedroom/2 Bath Cape Cod on 40' Oversized Lot features Romantic Front Porch, Professionally Landscaped Front and Read More...
CHICAGO NEIGHBORHOOD NEWS – NORWOOD PARK, LINCOLN PARK, SOUTH LOOP, OLD TOWN, OAK PARK
NORWOOD PARK It's a beautiful day in the neighborhood, a beautiful day for a neighbor, would you be mine, could you be mine? Won't you be my neighbor? Ahh, childhood suburban memories... This is the type of hometown feel you get while still being Read More...
SHORELINE TOWERS, CHICAGO CONDO ASSOCIATION, Considers Novel Approach To Deal With Foreclosed Condos in Their Building!
PLAN WOULD PURCHASE BANK-OWNED, OTHER DISTRESSED UNITS, RENT THEM OUT! BUT PLAN HAS A DOWNSIDE! The board of the condominium association of one Chicago Condo Building , Shoreline Towers, located along Sheridan Road and the Lake in the Edgewater Neighborhood Read More...
KATHY’S HOME & GARDEN TIPS – SUMMER PRODUCE PRESERVING
By now I'm sure you have been harvesting many delicious fruits and veggies from your garden . But soon an over abundance, especially tomatoes, will try your patience. Friends, neighbors and co-workers can only eat so many. My simplest way to preserve Read More...
COFFEE SHOPS CUTTING OFF ELECTRIC FOR EXTENDED LAPTOP USE
I'm not a huge laptop in the coffee shop user, but for those who use their local cafe as a second office this recent trend has started in New York and a couple locations in San Francisco. Let's hope it doesn't make its way to Chicago. And Read More...
CHICAGO IL REAL ESTATE STATS PACK - August 10, 2009
Good Morning! Are home buyers becoming more frugal? Indeed, many today are buying smaller homes, with far fewer upgrades, and greater concern about the neighborhood and community in which the home is located, rather than the exhaustive list of luxury Read More...
CHICAGO POLITICS STRIKES AGAIN - Supporters Seek "Retirement Present" for Retiring Alderman!
$200 PER PLATE REQUESTED FOR ALDERMAN BANKS RETIREMENT DINNER - WITH CHECK MADE OUT PERSONALLY TO HIM! Add this tidbit to your "Only In Chicago" File! By the end of the month, South Side Chicago Alderman William J.P. Banks, of the 36th Ward Read More...
HOME BUYING, WITHOUT CONSPICUOUS OVERSPENDING, Slowly Becoming The Norm!
TODAY'S BUYERS INVEST CAREFULLY, AND DON'T ASSUME A BIG, FAST RETURN ON THEIR INVESTMENT! The tables have, indeed, turned! It wasn't more than a couple of years ago that a young couple buying a home would stretch their finances to the limit. Read More...
THIS WEEKEND IN CHICAGO - GOOD TIMES JUST KEEP ON ROLLIN’!
Here in Chicago our good times just keep on rollin' this summer and this weekend is no exception. Headliners for this weekend are: Lollapalooza 2009 - Grant Park (500 S. Columbus Drive) In its second year here in Chicago, Lolla 2009 will feature more Read More...
LIL' BUDDY'S BLOG - Should Chicago-Style Hot Dogs Carry a Warning Label?
THE CHICAGO IL REAL ESTATE MARKET, AND OTHER THINGS CHICAGO, FROM THE POINT OF VIEW OF A LITTLE WHITE DOG! Good Morning, you dogs! Hey . . . you like Hot Dogs? I mean Chicago-Style Hot Dogs - yellow mustard, pickle spear, chopped onions, bright green Read More...
FOR HOME SELLERS, REAL ESTATE AGENTS - Showing A Home Could Be Dangerous Business!
MANY DOCUMENTED AGENT ASSAULTS, AND UNSUSPECTED DANGERS FOR HOME SELLERS! Believe me, I am not trying to be glib here. But, in what other profession do you get a special license, then spend a good part of your days taking near-complete-strangers through Read More...
CHICAGO NEIGHBORHOOD NEWS – LAKEVIEW, LINCOLN PARK, SOUTH LOOP, RAVENSWOOD, NAPERVILLE
LAKEVIEW It's a simple thing really, going on a food tour of Chicago. You can choose a neighborhood that highlights a specific ethnicity of food. You can tour the city to try all variations of cuisine. Not uncommon at all, right? Well not exactly, Read More...
NYC-BASED LENDER HSBC TO CHICAGO: "You've Got Too Many Banks!" So . . . No HSBC For You!
MAJOR INTERNATIONAL BANK SHUNS CITY OF CHICAGO AND CHICAGO SUBURBS IN EXPANSION PROGRAM! HSBC is a very large bank with a big international presence! They hold $313 Billion in total assets, and have 380 branches across New York State. They are also expanding, Read More...
CHICAGO STREET NUMBERING LESSON - It's All "Grids" and "Hundreds"! Diagonal Streets - Just a Few!
"COMMON SENSE" CHICAGO STREET NUMBERING SYSTEM FORMALIZED IN 1908! When you grow up in a city, when you live in a city - over the years, so much becomes so matter-of-fact, that you take it all for granted! When we entertained out-of-town visitors Read More...
KATHY’S HOME & GARDEN TIPS – SAVE ENERGY AND MONEY
You have the ability to help control electricity use, cut costs, and conserve energy ! See how you can save energy and money with a few simple inexpensive fixes around the house. Here are some easy things to begin with so you can start saving energy and Read More...
HOW TO SET UP A HOME NETWORK
Recently I had to update to a new computer because of the need for bandwidth and larger hard drive capacity. As you may or may not know, re-creating your old environment by transferring files, re-installing software and the like can be a long, if not Read More...
CHICAGO IL REAL ESTATE STATS PACK - August 3, 2009
Good Morning! In the Second Quarter, 2009, the U.S. Commerce Department says GDP, though fallen, only dropped at a 1.0% annualized rate - down from 6.4% during the Fourth Quarter, 2008. Is the recession - likely the deepest since the 1930's and The Read More...
IN CHICAGO, Public Schools Fear the Next Round of State Budget Cuts Could Trim School Programs!
CHICAGO PUBLIC SCHOOLS BOSS FEARS EARLY CHILDHOOD, BILINGUAL EDUCATION PROGRAMS, OTHERS, MAY FACE CUTS! Ron Huberman, Superintendent of the Chicago Public Schools system fears the district could lose roughly $84 Million in State of IL assistance under Read More...
RECESSION EASING? Drop in GDP Falls Considerably, Leaving Some Hopefully Wondering!
SECOND QUARTER, 2009 GROSS DOMESTIC PRODUCT DOWN ONLY 1% - U.S. COMMERCE DEPARTMENT! Is this deep recession - an economic downturn many have called the worst since The Great Depression of the 1930's - easing? Will it soon come to an end? If the rate Read More...