Friday, January 30, 2009

Chicago's Historic Districts In Jeapordy?

It appears that Chicago may be putting the age and historic significance to the way side. According to Crain's Chicago, an Illinois appellate court recently struck down Chicago's Landmark ordinance claiming it is "unconstitutionally vague" which may put at risk 50 of Chicago's historic districts and up to 250 buildings. Although not in effect yet, it may be the start of some major changes. Let's not let these great pieces of history disappear!!

Thursday, January 29, 2009

How low can they go?

So it seems we are nearing the bottom, at least that what it feels like.

A recent article in the Chicago Tribune suggests that sellers are getting it and prices have been adjusting to levels that are finally attractive to buyers who have been sitting on the sidelines waiting. The real question is how low can we go? Many analysts believe that our inventory levels are too high for the present number of working Americans and that we may have a 5%-10% further adjustment before we level out. No matter what you feel, it is a great time to buy.

Wednesday, January 28, 2009

Welcome to my Chicago Real Estate News Update

Welcome to my blog where I will offer timely news and updates on Chicago Real Estate. Feel free to offer feedback to articles I post or comments and suggestions on what you would like to learn about. You will begin to find relative links and favorites as well. The real estate industry has been impacting everyone from homeowners to business owners. There is likely to be more rough roads ahead but the ship is beginning to right itself and there is a lot of opptimistic news daily that has been getting buried.

Stay tuned!!!