Housing Trends

77 posts

Perks of Buying a Home over the Holidays

Thinking about buying a home? The holidays might be the best time! All the things that may make the home buying process difficult for you during the holidays, are the same obstacles that others would face as well; from the shopping, traveling and holiday parties, time can be very limited […]

Bedroom design

Changes for Airbnb hosts

A proposed ordinance filed this week by Aldermen Joe Moore, 49th, and Ameya Pawar, 47th, and backed by Mayor Rahm Emanuel, for anyone who rents their living space for up to 90 days a year would have to register with the city. Described as “a free and simple online process” […]

Rentals, REITs and Growth

Builders, landlords and investors are carefully watching the apartment sector, determining the health, and potential decline of demand and return of investment in the city. With the pace of apartment building and current supply increasing recently there are concerns that there could potentially be an oversupply. After the bust, the […]

FHA’s Financial Woes

An independent audit last month revealed that the Federal Housing Administration had a $16.3 billion deficit ($30.3 billion in cash reserves as of Sept. 30 to cover $46.6 billion in projected losses), most of which, accounted for loans backed between 2007-2009.  Agency officials however have stressed that it has no […]

Distressed Out

Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]

In Demand

As the summer comes upon as, one of the busiest rental seasons is expected.  With the expected high demand of rentals, developers are rushing to meet the demand.  Occupancies in Class A apartment buildings in the Chicago downtown area are hovering around 95% (Appraisal Research Counselors), and developers are more […]

Oct Monthly Statistics

Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Oct 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/   Contracts written is up for both residential and commercial properties. Months supply of inventory is also lower, although for several property types the drop has been […]

Sept Statistics

Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Sept 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/     Sherwin L. Sucaldito, REALTOR®, GREEN, ABR, CRPM @properties The Institute of Luxury Home Marketing Green REsource Council, GREEN Accredited Buyer’s Representative , ABR Certified Residential […]

Chasing Charters

With homeowners staying longer in their home, and expected buyers planning for longevity, many are coming back to basics – location.  Among them, accessibility to transportation, neighborhood walkability and area schools are among the most important.  For families, schools are extremely vital factor as they can influence choice of residence/neighborhood […]