An inside look at Chicago real estate
By Dream Town
By now, technology has fully emerged as an integral part of real estate sales in Chicago–virtual real estate agents, interactive home tours, and whole websites dedicated to real estate advice have today’s buyers and sellers wondering how they ever managed real estate without the Internet. Need to know the crime…
By Dream Town
The metro Chicago real estate market closed out 2011 with slightly improved existing home sales numbers, according to the latest report from the Illinois Association of Realtors (IAR). The industry group released figures on Friday that compared last month’s sales with that of a year earlier, revealing a 1.3% gain…
By Yuval Degani
U.S. home sales took an unexpected turn in December 2011 with a month-to-month increase from November 2011. The 5.7% uptick in residential real estate transactions goes against the seasonal grain of what typically happens in the market at the end of the year. Last month was also the sixth in…
By Dream Town
Industry experts predict 2012 will be a better year for Chicago than 2011, citing gains in both residential and commercial real estate sales. The recovery may not hit previously expected levels for job growth, but the housing market could see a 40% jump in sales from last year.
By Dream Town
Sales of homes in the city of Chicago climbed more than 20 percent in November from the same month a year ago. The rest of the state also saw more residential real estate sales last month, as compared to in 2011. Factors such as record low interest rates and affordable homeownership…
By Dream Town
Some of Chicago’s North Side neighborhoods have seen a recent uptick in spec home construction. There are several million-dollar projects underway in places like Bucktown, Lincoln Park, Roscoe Village and Lakeview, where properties are still selling despite rough economic times and strict lending restrictions. One segment of residential real…
By Dream Town
Pending home sales in the Midwest rose 13.2% this October over last October, according to a newly released index from the National Association of Realtors (NAR). The region (which includes Illinois and the Chicago area) had the largest improvement in the nation, which experienced a 10.4% gain overall.
By Dream Town
October home sales in Illinois were much improved from the same month a year ago with over 8,500 residential properties sold statewide last month. That marks a 15.3% gain over October of 2010 and nearly an 8% growth in home sales for the city of Chicago.
By Dream Town
Residential real estate in Chicago showed the largest percentage increase of the year this last quarter. Both single-family home and condo sales are doing better than they have in all of 2011, posting the third straight quarter of gains for the year. The number of home sales in Chicago during…
By Dream Town
Real estate prices for attached properties are showing stabilization from last summer in a few Chicago neighborhoods. . . Chicago is a city of over 170 different neighborhoods. All of which are their own microcosms with their own housing markets and price trends. And whether you are buying orselling a…
By Dream Town
The spring selling season revealed improvements in home sale prices in many major cities across the U.S. Including Chicago, which had one of the biggest price inclines from June to July. July marked another month of positive price gains forresidential real estate, according to the latest Standard & Poor’s/Case-Shiller Home Price…
By Dream Town
With mortgage interest rates hitting a new all-time low, applications for home loans and refinances are on the rise. Last week, homebuyers could get a 30-year fixed-rate mortgage with an interest rate of 4.09% (the lowest ever on record). However, economists forecast a gradual climb in rates throughout the remainder of the…