RECENT BLOG POSTS
The popular on-line real estate service Zillow.com released its data from last March. Although many of us dmay isagree with the method Zillow is using to calculate their home values, it seems unlikely their data would be off enough to distort the entire trend in home values. According to Zillow.c...
05/21/2010
We just got the latest information about May 2010 homes sales in Arlington Heights. In the first 2 weeks of May, we had 20 single family homes sold and just 8 condos. Among them, 6 homes sold as either foreclosures or short sales. The average sales price was $322,400 for a single family home and ...
05/17/2010
Online maps became more than just a handy tool that helps you move around and find driving directions to homes on your showing list. Loaded with extra features like enhanced aerial views (bird’s eye views) and street views, maps can tell you more about the listing itself. In hands of a savvy real...
12/05/2009
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Summer is long over but I still remember my younger daughter sticking her toe into the calm waters of Lake Michigan to check if the lake’s temperature is finally good enough for her to jump in. That in turn resembles the behavior of so many home buyers waiting for the prices to bottom out. Is the...
11/22/2009
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Are you staying away from short sale deals? If you do, you may be right after all. It turns out that even after months of negotiations and waiting (mostly waiting), after haggling about the commission, when closing comes, it could not be the end of distressed seller’s nightmare. There come “defic...
09/01/2009
Increased number of foreclosures available at deeply discounted prices caused July 2009 home sales in Chicago suburbs to rise to levels not observed in almost 10 years. The encouraging factor is that a lot of homes were sold to first time home buyers, not just savvy investors taking advantage of ...
08/21/2009
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I want to believe that each economic slow down leads to a prosperity. I want to believe that if you are persistent and optimistic enough, you will eventually ride out every economic storm and accomplish your goals. The recent years taught us some hard lessons. We learned that it is unreasonable a...
06/28/2009
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Are the old, good days back? The days of scarce “deals”, anxious buyers and multiple offers? Well, not really, at least not for the most homes on the market. There are however listings that are highly sought after. Almost all of them are bank-owned properties, oftentimes listed well bellow the co...
04/18/2009
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Illinois governor Pat Quinn approved the legislation that that grants more time for people facing foreclosures in our state. The new law gives home owners the right to credit counseling and creation of a payment plan to help them get out of the foreclosure proceedings. Many hope that along with P...
04/05/2009
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In the recent surge of bad economic news and bad corporate earning, Walmart emerges as one of very few companies to remain stable during the recession and even make some healthy profits. Obviously, price driven consumers see the value in $9.99 toasters and $8.99 pairs of jeans. Bargain hunters ar...
03/09/2009