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SIGNING ON AS AN AIRBNB HOST IN CHICAGO CAN BE LUCRATIVE . . . BUT THERE ARE CONCERNS!
Airbnb! Thousands are already taking advantage of this new method of finding lodging away from home. Hundreds nationwide, and here in Chicago, are renting all or a portion of their house as Airbnb Hosts. Across Chicago, in Diverse Neighborhoods, Affluent, Read More...
LOW CHICAGO HOMES-FOR-SALE INVENTORY ADDS QUESTION MARK TO HIGH-ENOUGH APPRAISALS
IN CHICAGO, MORE UNDER-APPRAISALS RESULTING FROM LOWER INVENTORY LEVELS IN MANY NEIGHBORHOODS! Having a Home or Condo, Pending Sale, Under-Appraise is HEARTBREAKING! Seller and Buyer are disappointed because such an under-valuation makes a scuttled deal Read More...
GOOD NEWS, BAD NEWS HEADING INTO THE SPRING REAL ESTATE MARKET IN CHICAGO
UNITS SOLD, MEDIAN PRICES RISE . . . BUT HIGH LEVELS OF DISTRESSED PROPERTIES IN AND AROUND CHICAGO COULD HOLD DOWN PRICES! Some Positive Signs going into the Spring Market in Chicago! According to the Mortgage Bankers Association, availability of Mortgage Read More...
FOR BUY-AND-HOLD REAL ESTATE INVESTORS, ARE THERE FEWER BARGAINS IN CHICAGO?
AS LOCAL PRICES RISE HERE, THE ECONOMICS OF SOME REAL ESTATE INVESTMENT STRATEGIES HAVE CHANGED! If there was any Silver Lining to Price Declines in the Chicago Real Estate Market over the last few years, it did offer Strong Opportunities for Financial Read More...
RENTING IN CHICAGO? EXPECT A TIGHT RENTAL MARKET, FAR HIGHER RENTS!
VACANCY RATES LOW CHICAGO AND ACROSS THE US - RENTS GO HIGHER! Often counter to each other, Chicago Rent Levels appear to be increasing at the same time much of the Real Estate Marke t is showing resurgence! Indeed, some of the Rental Units for owners Read More...
BIG DROP IN CHICAGO FORECLOSURES - BUT RECOVERY STILL UNEVEN!
IN COOK COUNTY, FORECLOSURES DOWN 40% IN 2013 - LOWEST LEVEL SINCE PRE-DOWNTURN YEAR 2006! In what many experts consider a clear signal that the Housing Market in Chicago may be making a comeback, Bank-Owned Foreclosed Homes , as a percentage of all homes Read More...
"WALKING AWAY" FROM AN UNDERWATER MORTGAGE? SERIOUS FINANCIAL CONSEQUENCES POSSIBLE!
MORTGAGE BACKERS FANNIE MAE, FREDDIE MAC TO MORE AGGRESSIVELY PURSUE HOMEOWNERS WHO "STRATEGICALLY DEFAULT!" By now, you've heard the stories - from several years ago, in the hardest-hit Real Estate Markets in California, Arizona, Florida, Read More...
RECENT FORECLOSURE? SHORT SALE? BK? NEW, RELAXED RULES WILL HELP SOME BUYERS USING FHA FINANCING!
FHA ENACTS NEW LOAN QUALIFICATION RULES REDUCING WAIT TIME AFTER FINANCIAL DISTRESS TO AS LITTLE AS ONE YEAR! Over the last few years, during the depth of the recession, many folks who previously had stellar credit records faced hard financial times. Read More...
"WATER IN YOUR BASEMENT!" SHOULD YOU DISCLOSE? WILL IT KILL A SALE?
LIKE YELLING "FIRE" IN A CROWDED THEATER, MANY FEAR THE WORDS "WATER SEEPAGE" WILL CAUSE PANIC IN ANY HOMEBUYER . . . BUT DOES IT ALWAYS? In mid-April, an unusually-heavy, widespread rain dumped six or more inches of rain on Chicago Read More...
A FEW INSIGHTS ON PRIVATE MORTGAGE INSURANCE, 2013
OFTEN-COSTLY ADDITIONAL CHARGE TO HOMEOWNERS MORE DIFFICULT TO LOSE IN TODAY'S CHICAGO HOUSING MARKET! If you're like thousands of homeowners across the US who put less than 20% down payment on your home, there is a good chance part of your monthly Read More...
CHICAGO REAL ESTATE MARKET RECOVERY? A MIXED BAG!
CHICAGO RECOVERY DEPENDS ON WHAT NEIGHBORHOOD OR SUBURB STRIKES YOUR FANCY! Scan your favorite Real Estate Blog or National News Sites on the Internet these days, and you'll often see story after story about how the Real Estate Market is recovering Read More...
RENT WITH OPTION TO BUY? A Good Deal, or Just a Smoke Screen?
FOR MOST, RENT WITH OPTION TO BUY A MORE COSTLY, UNCERTAIN OPTION! Here in many of the North Side of Chicago Neighborhoods our Team works extensively, good housing deals abound. Most Chicago Home Sellers are getting use to the new reality of lower market Read More...
ECONOMY PUTS "I WANT IT NOW!" ON HOLD FOR MANY
15 TO 34 YEAR OLD DEMOGRAPHIC APPEARS TO BE PUTTING OFF MARRIAGE, FAMILY . . . AND HOME OWNERSHIP! R etail Industry Specialists, including Maxine Lauer of Sphere Trending in MI, refer to the teen-aged-to-mid-thirties-set as "Generation Now." Read More...
CHICAGO HOME SELLERS! DO THEY HOLD THE ANSWER FOR CONTINUED HOUSING MARKET BLUES?
DESPITE FALLING HOME PRICES, MORTGAGE INTEREST RATES AT HISTORIC LOWS, SELLERS HESITATION TO "GET REAL" MAY BE PART OF THE REASON FOR CONTINUED DOLDRUMS. Have you read all the news? The U.S. Economy is improving. Indicators are positive. Unemployment Read More...
FEAR OF BUYING? WHY ARE SO MANY PROSPECTIVE HOME BUYERS STILL HESITANT TO MOVE AHEAD?
HIGH UNEMPLOYMENT, MEDIA HYPE, PERCEPTION OF CONTINUED PRICE DECLINES STOP MANY BUYERS IN THEIR TRACKS! Here in the Chicago Real Estate Market, where Dean's Team works most frequently , prospective home buyers calling from all sources - referrals, Read More...