Chicago Homes for Sale by Dean's Team

HUGE CONDO BUILDING CRAZE IN DOWNTOWN CHICAGO, THE LOOP LEAVES MASSIVE INVENTORY OVERSUPPLY.  DEEP DISCOUNTS FOLLOWED! Condos, condos everywhere.  Often priced for a song, or just slightly higher.  That's the environment in many new Downtown Chicago Condo Buildings, thousands of which began construction several years ago, in ...

IN IL, BENEFITS EXTEND TO 99 WEEKS!  ARE SOME UNEMPLOYED BECOMING COMPLACENT? Few would dispute the notion that high unemployment is dampening the Real Estate Market Recovery, here in Chicago and elsewhere.  As we like to tell our clients, if today is Friday, and you are fearful whether or not you will have a job on Monday, you're ...

PRICES CONTINUE TO FALL, BUT CHICAGO IL UNEMPLOYMENT STILL TOPS NATIONAL AVERAGE, AND FORECLOSURES LIKELY TO ESCALATE, THROUGH 2010! Here's the good news . . . and the bad news! The Level of For-Sale Inventory in the Chicago Metro Area fell by 6.9% during the Fourth Quarter, 2009, according to The Wall Street Journal and Reporter James R. ...

OF OVER 7.5 MILLION UNDERWATER HOME OWNERS, ONLY A SMALL PERCENTAGE APPLY FOR LOAN MODS, AND FEW ACTUALLY RECEIVE THEM! Going back not more than 4 years or so on the North Side of Chicago, strong, annual, unabated appreciation for homes and condos seemed pretty automatic.  Even in neighborhoods on the outskirts of rapid development or ...

TIMING OF CHANGES CAN LIMIT PURCHASE OPTIONS, INCREASE COSTS IN A STILL-TROUBLED REAL ESTATE MARKET! It wasn't that long ago that low-down payment home borrowers, as well as those with less-than-perfect credit, had a number of places to go for their mortgage loans.  As credit markets collapsed, housing values tumbled, here in Chicago and ...

ACROSS CHICAGO AREA, FOR 2009, HOME SALES DOWN ONLY SLIGHTLY VERSUS 2008! Is the Chicago Area Real Estate Market beginning to show signs of stabilizing? Improving numbers for year-over-year Units Sold - the aggregate for sold condos and single-family homes across the Chicago Metro Area - has been on the upswing since last July.  As a ...

REVIEW OF NOTES FROM FEDERAL RESERVE MEETING OF MID-DECEMBER REVEALS MIXED OPINIONS AMONG BOARD MEMBERS! Beginning early in 2009, The Fed began to purchase billions, no TRILLIONS of securities backed by privately-issued mortgages.  Indeed, it is projected that over $1.25 Trillion of mortgage-backed securities will be purchased by The Fed by ...

AVERAGE SALES FEES - "COMMISSIONS" - EDGE UP FOR FOURTH STRAIGHT YEAR ACROSS U.S.! In Chicago, and in many other areas of the U.S., median home prices have fallen over the last few years.  Units sold have dropped, and many of those single-family homes and condos that have sold have been in distress - in poor condition, often ...

MANY SAY "AFTER THE SUPER BOWL!"  HERE IN CHICAGO, THAT HAS NOT ALWAYS HELD TRUE! It's an old question, here in Chicago and across the U.S.  "When does the Real Estate Market heat up again after its usual seasonal slowdown between Halloween and the New Year? The old salt suggests the market begins to thaw in the ...

BEN BERNANKE - PRO-ACTIVITY IS NECESSARY TO PREVENT ANOTHER ECONOMIC MELTDOWN - REMARKS TO AMERICAN ECONOMIC ASSOCIATION! How to prevent another financial and real estate market calamity like the one we're still feeling the effects of?  Federal Reserve Board Chairman Ben Bernanke favors strengthening regulations to prevent such a bubble ...