The number of new construction units sold in downtown Chicago has jumped from a paltry 55 in the first quarter of 2009 to 313 units in second quarter. While this may sound very encouraging, it is still a far cry from the numbers of the second quarter of 2008. Last year 484 new units sold […]
Author Archives | Paul Gorney
$8,000 Tax Credit a Plus, But Not a Decision Driver
Written by: Paul Gorney - July 27, 2009
Comments Off on $8,000 Tax Credit a Plus, But Not a Decision Driver
First-time buyers have been driving the market in Chicago for months. They are taking advantage of both the low prices and the nearly record breaking interest rates available to them. First-time buyers are also helping the market by buying homes from sellers wanting to also take advantage of the market by buying something larger. In […]
The Hazards of Buying and Selling Short-Sale Properties
Written by: Paul Gorney - July 22, 2009
Not since the post-1987 stock market, have so many sellers been ?upside down? on their mortgages. Unlike this early 1990?s real estate market, when sellers commonly would bring money to closing to make up the difference, banks are now commonly willing to forgo part of what is owed to them to get the liability off […]
-
Chicago is America’s Most Segregated City
-
Top Ten Deadly Buyer Mistakes
-
The Ugly Truth About Loan Modifications
-
What Causes Mortgage Rates to Move?
-
Chicago Realtors: What Ever Happened To Earning Your Commission?
-
KarmaPolice: Chicago is going through what most European cities...
-
bob: in response to Boyee, even though your comment is ...
-
Caroline: The building I live in has had extensive water dam...
-
Tigerswill: I will not continue to state the obvious about the...
- Minorities « The Bennett Commentary: [...] is particularly segregated (especially in Ch...
Subscribe
Subscribe to our e-mail newsletter to receive updates.
Written by: Paul Gorney - August 18, 2009
Comments Off on Downtown Chicago New Construction Sales Still Very Low Compared to Inventories