Now and then we have a client who asks us why buildings (especially those larger buildings) are required to have fire protection sprinkler systems.Well, this is why.  Here we have a 1970's 25-story building, on the south side of Chicago (Harper Square coop building), that is currently (and I mean right now) having a major fire on higher floors.  It appears to be on the 15th - 24th floors.This is a disaster... the fire hoses don't even reach the higher floors.  There are many, many Chicago fire trucks and firefighters present, struggling to get this fire under control.There is no word, yet, as to whether anyone has been hurt, and residents who are not directly affected by the fire, have been asked to shelter in place... so far, the city feels an evacuation order is not necessary..  It's ... 01/25/2023

The "City of Lights", Aurora, IL currently has only 85 homes available for sale in the single family detached category!  Let's break these down:7 - New Listings (7 days on market or less)5 - Reactivated (Original contract fell apart)5 - Price Changes68 - On the MLS over 7 days.85 - TotalThe price range is:Lowest - $90,000 - 4 BR - 2 Bath with basement - Needs rehabbing and variance to stay residential or it can be torn down and becomes a commercial propertyHighest - $1,300,000 - 4 BR - 3.1 bath with basement - 3,600 sq. ft. with 4 car garage,guest house/office, in ground pool on 2 acres with 204 school district schools.Currently there are 78 listings under contract, 27 in pending status and 49 closed transactions in January, 2023.The median sales price for Aurora, in December 2022 was $... 01/26/2023

Such an important read for all homeowners and potential homeowners!   Link to full article:   5 Reasons This Isn’t a Repeat of the 2008 Housing Crash     01/24/2023

It's snowing after a few weeks of relentless gray days in the western suburbs of Chicago!   With the decrease in interest rates in the past few weeks smart buyers are taking advantage and jumping back into the market.  With less competition and an uptick in inventory they are in a "buyer's market" for the next few weeks.  Once the spring market open's up and more buyer's come back I would not be surprised to see some multi-offer situations in the most sought out subdivisions in my local market.  I even had a showing on a listing I have that has a limited showing window despite the 2-3 inches of snow on the ground.Naperville, IL currently has 115 available single family homes ranging from a low of $275K for a 3 BR 1 Bath with a 1,000 sq. ft. house which listing agent says "value in land"... 01/25/2023