Author Archives | Andrea Geller

About Andrea Geller

Andrea Geller, Realtor® with Sudler Sotheby?s International Realty, specializes in residential real estate sales and marketing of resale properties and new construction homes. Acknowledged as an expert in the real estate industry, Andrea has been interviewed for industry related articles for print and online media including the Chicago Tribune, Crain's Chicago Business, Reuters, Bankrate.com, and Illinois Realtor Magazine. Andrea's commitment extends to the community as an active member of several professional associations. Her appointments include the Board of Directors of the Chicago, Illinois, and National Association of Realtors® and the Lakeview Chamber of Commerce. She markets herself under HOT PROPERTY®, an innovation in the real estate industry led by Chaz Walters that has been marketed since the 1990s. This unique real estate concept is always a step ahead of the industry providing marketing from cutting edge interactive exposure to targeted innovative advertising opportunities. Visit her at www.hotpropertychicago.com or 773.868.3090.

New Signs of the Dinosaurs

Written by: - February 5, 2010

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New Signs of the Dinosaurs

Every once in a while I like to go back and revisit old posts and see if there are still relevant or thoughts of the moment. This post still rings true and truer for both buyers and sellers: Telltale Signs Your Listing Broker is a Dinosaur. Meeting with new clients recently, I have been getting […]

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October Housing Numbers: First Time Home Buyer Tax Credit Drives Market

Written by: - November 23, 2009

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October Housing Numbers: First Time Home Buyer Tax Credit Drives Market

As seen in previous months, home buyers have pushed the market by taking advantage of historically low interest rates, 2004 pricing and the first time home buyer tax credit. Yet home prices continue to be soft because of distressed properties and competition with other properties in this higher inventory market.

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Optimism for Winter Buyers, But Why Are Some Listings Being Pulled?

Written by: - November 16, 2009

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Optimism for Winter Buyers, But Why Are Some Listings Being Pulled?

I don?t understand why some agents are taking their listings off the market until after the new year. According to the Illinois Association of Realtors, 37% of home buyers are new to Chicago. Nearly half of these home buyers are first-timers who are eager to cash in on the federal tax credit.

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Enough Downtown Chicago Condos to Satistfy Demand for Six Year

Written by: - November 16, 2009

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16 November 2009 ? Based on sales numbers for the last two years, the inventory level for new construction units in Downtown Chicago is at a six year level. This factor has postponed several new developments and has also resulted in many new buildings being converted to rental properties. Sales could be accelerated if developers […]

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Tax Credit Extended and Expanded

Written by: - November 6, 2009

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6 November 2009 ?As home buyers, sellers, Realtors® and affiliated professions await the signing of the expanded Home Buyer Tax Credit by the President, buyer options continue to narrow. According to the regional MLS, MRED LLC, there are 26% fewer homes under $800,000 on the market today than in October of 2007. While single family […]

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Developers Dropping Prices to Move Inventory

Written by: - November 2, 2009

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2 November 2009 ? As we finish up 2009, pricing is the focus to make the sales happen before the end of the year. Even developers are taking their hits as Belgravia Group announced reductions of more than 10% on their remaining townhomes at one of their developments in University Village. Bluestone Development has continued […]

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Senate Agrees to Extend Home Buyer Tax Credit

Written by: - October 30, 2009

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30 October 2009 ?Agreed Does Not Mean Passed – There is much optimism that the tax credit for first time home buyers will be continued into next year. Although the Senate has agreed on an extension and expansion of the program, it has not yet passed. As with any piece of legislation, the housing tax […]

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October Home Prices Rise, But A Full Recovery Remains Elusive

Written by: - October 27, 2009

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October Home Prices Rise, But A Full Recovery Remains Elusive

Chicago saw an increase in home prices from July 2009 to August 2009 of 1.7%, but a 12.7% decline of year over year prices. No matter who is pulling the data and how they chart it, the message is the same ? first time buyers and jobs.

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More People Staying in Chicago…But for the Wrong Reasons

Written by: - October 26, 2009

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26 October 2009 ? With the good news last week with the number of homes sold in September up the Chicago Tribune is reporting that more people are staying in Chicago as well as returning. The mass exodus to the suburbs and warmer climates has been greatly reduced as a result of the recession and […]

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Realtors Push on Congress to Extend Tax Credit

Written by: - October 23, 2009

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23 October 2009 ?For buyers who want to take advantage of the First Time Home Buyer Credit that expires November 30th, 2009, this weekend is probably your last chance to get under contract to meet the deadline. The National Association of Realtors® has been lobbying on behalf of their members to extend and expand the […]

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September Home Values Fell as Sales Increased

Written by: - October 23, 2009

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September Home Values Fell as Sales Increased

Market watchers believe the next few months will be a mixed bag for buyers and sellers. If unemployment does not abate, distressed properties will continue to impact market pricing for months and even years in the future.

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Bargains Abound for the Highend Cash Buyers

Written by: - October 19, 2009

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19 October 2009 ? The biggest bargains in Chicago?s real estate market continue to be high end single family homes. With virtually no financing now available for upper bracket homes, sellers are waiting for the needle-in-the-haystack buyer who falls in love with their home and has the cash to close. In Chicago, McMansions are selling […]

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Green Home Expo 2009 This Weekend

Written by: - October 16, 2009

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16 October 2009 ?With Mayor Daley?s initiative to preserve Chicago?s historic architectural past while moving it forward through the “Green Revolution”, the city will be hosting the “Historic Chicago Bungalow and Green Home Expo 2009.” Started in 2002 for bungalow enthusiasts, the expo partnered with several environmentally oriented partners in 2006 to add a “Green […]

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