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World Health Day - Battle of the Cities | Infographic

World Health Day - Battle of the Cities | Infographic | Chicago Housing Market News Reports | Scoop.it

Is your city the fittest? In honor of World Health Day MapMyFitness hosted a global challenge to find the fittest cities.


The Battle of the Cities contest encouraged users worldwide to log workouts for city points. The winners were chosen based on the percentage of increased activity over the weekend compared to the last 30 days. Over 18,000 cities competed and the results are in...


Via Lauren Moss
Jim Gramata's insight:

Way to get fit Chicago. We take first place...where's the medal?

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Chicago Housing Market News Reports
Chicago real estate news. posts, trends and data from The Gramata Realty Group - Chicago with @properties
Curated by Jim Gramata
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5 year snapshot: 2 bed 2 bath Lakeview Condos Median Sales Price Trending

5 year snapshot: 2 bed 2 bath Lakeview Condos Median Sales Price Trending | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

2 bed 2 bath Lake View condo snapshot over the past 5 years. 

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Will China Repeat Japan's 1980s Foreign Real Estate Bust?

Will China Repeat Japan's 1980s Foreign Real Estate Bust? | Chicago Housing Market News Reports | Scoop.it
-Analysis-
BEIJING — Those who study the overseas investments of Chinese enterprises are starting to get jitters. Japanese companies went on a foreign real estate buying spree in the

Via HOTEL REAL ESTATE NEWS
Jim Gramata's insight:
Global effects local. Keep an eye on China and Europe for an answer to growth in global economy.
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Tony Sacco's curator insight, November 10, 2014 5:18 PM

Is China Following Japan's past mistakes in Real Estate?

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River City II? Condo developer to buy site south of housing complex

River City II? Condo developer to buy site south of housing complex | Chicago Housing Market News Reports | Scoop.it
Chicago-based CMK has agreed to pay $4.9 million in a bankruptcy auction for a 1.8-acre riverside parcel next to the Bertrand Goldberg-designed River City building, above, in the South Loop.
Jim Gramata's insight:

CMK is back at it. Look for their no frills concrete tower to match their other developments in 2016 is my guess.

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A Comparison of Real Estate Investment in London, SF & NYC and Tokyo

A Comparison of Real Estate Investment in London, SF & NYC and Tokyo | Chicago Housing Market News Reports | Scoop.it
-----(Comparion of  London, New York, San Francisco) with Tokyo Real Estate Prices in Tokyo are by no means high At one stage, Tokyo real estate was the most expensive in the world. Today, however, that title is held by London.
Jim Gramata's insight:

Interesting comparison however it does not take into account the economic forecast for Tokyo is not bullish. The IMF cut its global outlook highlighting "slowing growth worldwide, with the U.S. as the sole exception. "The economic difficulties facing the eurozone and Japan are particularly notable," "

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Chicago's a like, not a love, for real estate investors

Chicago's a like, not a love, for real estate investors | Chicago Housing Market News Reports | Scoop.it
Real estate executives see investment opportunities next year in Chicago, but the market still lags coastal and Texan heavyweights when it comes to deals in 2015, according to a survey.
Jim Gramata's insight:

This clearly includes commercial and residential investments although really? Manhattan ranks 15? Not sure about this report. 

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How Much Space Do Cars Take? Cyclists Demonstrate How Bicycles Fight Congestion

How Much Space Do Cars Take? Cyclists Demonstrate How Bicycles Fight Congestion | Chicago Housing Market News Reports | Scoop.it

People that commute by car spend an inordinate amount of time staring at taillights. There’s no way they’re getting around that traffic in front of them. But what about bike commuters? This group of Latvian cyclists recently created a powerful demonstration of the large footprint created by cars that carry just one occupant.


The four cyclists strapped on fragile frameworks shaped like cars, then hopped into the local traffic in Riga to show how much room they would occupy on their daily commute. The difference communicates loud and clear: if these cyclists were actually in cars, they would seriously add to congestion.


Via Lauren Moss
Jim Gramata's insight:

Visually compelling look at the power of the bike commute 

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Bhopkins's curator insight, October 16, 2014 5:16 PM

This group of Latvian cyclists recently created a powerful demonstration of the large footprint created by cars that carry just one occupant.
Read more at http://www.visualnews.com/2014/10/11/much-space-cars-take-cyclists-demonstrate-bicycles-fight-congestion/#jV0A55HTvzPI4Lic.99

Russell Roberts's curator insight, October 17, 2014 12:23 PM

Interesting study from Latvia.  Something to think about when fossil fuels  run out or become too expensive to buy. Protection from bad weather is a definite plus for cars.  Or, you could have commuters park their cars in a municipal lot and use bikes to reach their workplaces once they enter the city.  Aloha, Russ.

Agence Relations d'Utilité Publique's curator insight, November 24, 2014 5:06 AM

Les images parlent d'elles même...

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Solar Could Be The World's Most Important Energy Source By 2050

Solar Could Be The World's Most Important Energy Source By 2050 | Chicago Housing Market News Reports | Scoop.it
Experts believe that a solar boom is both feasible and necessary in order to reign in warming to safe levels.

Earlier this year, the International Energy Agency published an alarming report predicting catastrophic global warming. Based on current trends, it said, we're set for a 6 degree Celsius temperature increase this century--a level scientists agree would make life untenable for much of the planet. International agreements have set a target of just 2 degrees C, because that's what scientists say would be a relatively safe outcome.

The IEA did offer positive news, though. It said that an aggressive move to energy efficiency and renewables could keep the world's temperature under 2 degrees, and that such a move need not cost much. In fact, $44 trillion in investment by 2050 would net $115 trillion in fuel savings, such is the wonder of energy efficiency and potential for energy storage...


Via Lauren Moss
Jim Gramata's insight:

I just contracted to put one on my home. Consider solar installations in you next rehab or development project for long term solutions. With federal, state and now local grants the ROI may be right for a solar system installation. 

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Check Out the Lincoln Park Home Joakim Noah Just Bought

Check Out the Lincoln Park Home Joakim Noah Just Bought | Chicago Housing Market News Reports | Scoop.it
Chicago Bulls center Joakim Noah has said farewell to the 'burbs and purchased a home right here in the city. Noah had...
Jim Gramata's insight:

Welcome to Lincoln Park Joakim!

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See IAR’s new consumer guide to property taxes in Illinois

See IAR’s new consumer guide to property taxes in Illinois | Chicago Housing Market News Reports | Scoop.it
Illinois REALTORS® attending the Public Policy Meetings in East Peoria on Wednesday got a look at a new video produced to help Illinois residents gain an understanding of the state’s property tax assessment and tax system.
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Absorption rate for single-family homes plummets in Lincoln Park

Absorption rate for single-family homes plummets in Lincoln Park | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

Months supply of housing plummets in Lincoln Park for single-family homes. 4 bed or more homes went from 13.6 months supply in June 2011 to 6.6 months in 2013. For 3 bed homes it went from 9.4 months to 4.3 months supply. 5.5 months is considered a balanced market. 3 bed homes in LP are selling in a sellers market with such a low 4.3 month supply at the current rate of sale. 

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Housing Prices Show Biggest Jump in 7 Years — But Here Come Rising Interest Rates! | TIME.com

Housing Prices Show Biggest Jump in 7 Years — But Here Come Rising Interest Rates! | TIME.com | Chicago Housing Market News Reports | Scoop.it
If you can't stand the heat, stay out of the real estate market. U.S. single-family home prices, as measured by the S&P/Case-Shiller Home Price Index, jumped 12.1% in April from the previous year.
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10 Best-Kept Secrets for Buying a Home

10 Best-Kept Secrets for Buying a Home | Chicago Housing Market News Reports | Scoop.it
Get the most out of your money with these handy home-buying tips.
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CoreLogic Reports First Quarter 2013 Financial Results

CoreLogic Reports First Quarter 2013 Financial Results | Chicago Housing Market News Reports | Scoop.it
CoreLogic reports first quarter 2013 financial results: Revenues up 10.9% to $397.2 million fueled by growth in Mortgage Origination Services and Data and Analytics segments.

Via Russ Bergeron
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Top developer says New York real estate market is a ‘bubble’

Top developer says New York real estate market is a ‘bubble’ | Chicago Housing Market News Reports | Scoop.it
A prominent real estate bigwig caused a stir Thursday by admitting that the New York City residential property market is a big bubble waiting to pop.

Via HOTEL REAL ESTATE NEWS
Jim Gramata's insight:
More skeptical news about the NYC real estate market as the word 'bubble' makes a reappearance.
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It's official: The Chicago Spire is dead

It's official: The Chicago Spire is dead | Chicago Housing Market News Reports | Scoop.it
The transfer occurred after developer Garrett Kelleher failed to make a required payment to Related Midwest, which bought the debt on the property.
Jim Gramata's insight:

Spire is out. So now we know it will be a Related Development. That is really too bad. I thought the project would put Chicago architecture back on the global development map. . 

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Spire developer poised to lose site as today's deadline looms

Spire developer poised to lose site as today's deadline looms | Chicago Housing Market News Reports | Scoop.it
Irish developer Garrett Kelleher is likely to fail today in his effort to relaunch the Spire residential tower, giving another developer the inside track to take control of the site.
Jim Gramata's insight:

Something will be built. The question is who will build on this site. I am hopeful it will be The Spire

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Foreclosures and Short Sales at Lowest Levels in 4 Years

Foreclosures and Short Sales at Lowest Levels in 4 Years | Chicago Housing Market News Reports | Scoop.it
U.S. residential properties, condominiums and townhomes, sold at an estimated annual pace of 4,402,741 in September 2014.
Jim Gramata's insight:

We are seeing this in Chicago as well and it is one reason we are beginning to see an uptick in home values. Removing the REO and distressed properties from the market will have this kind of positive impact on home values. 

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Why does China's housing market look so grim? Here's a reason: home ownership is already 87%.

Why does China's housing market look so grim? Here's a reason: home ownership is already 87%. | Chicago Housing Market News Reports | Scoop.it
First-time buyers make up less than one-fifth of overall housing demand.
Jim Gramata's insight:

More bad housing news from China as they're experiencing a negative sales growth during what should be their peak (summer) sales period. 

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The Top 10 U.S. States Where Chinese Are Investing in Real Estate

The Top 10 U.S. States Where Chinese Are Investing in Real Estate | Chicago Housing Market News Reports | Scoop.it
In many American cities, the landlords are increasingly Chinese.
Jim Gramata's insight:

Number three attraction to Chinese investors. This report seems more aligned with market reality. 

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Lincoln Park 2550 | Chicago IL

Lincoln Park 2550 | Chicago IL | Chicago Housing Market News Reports | Scoop.it

My clients closed escrow on Friday on this amazing luxury residence at 2550 Lakeview in Chicago's Lincoln Park neighborhood. Spectacular eastern lake and park views, southern city views and western city and sunset views this is one of the last luxury condo residences with these kind of amenities outside Chicago's downtown district. Congratulations to my clients and many many happy years in this home. 

Jim Gramata's insight:

There are some one bed, two bed and a few three bed opportunities here still if you're looking. The pricing is around $1000/ SF more than double the average Lincoln Park luxury housing prices. You're buying a lifestyle not just real estate. 

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Chicagoland Home Sales Spike 23.0% in 2013

Chicagoland Home Sales Spike 23.0% in 2013 | Chicago Housing Market News Reports | Scoop.it
Home sales in the nine-county Chicagoland area rose 23.0 percent in 2013 over 2012 to a total of 111,427 sales, according to the analysis of the Illinois Association of Realtors. Additionally, median price for the area rose 10.9 percent to $177,500.
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The First-Time Buyer: Characteristics

The First-Time Buyer: Characteristics | Chicago Housing Market News Reports | Scoop.it
The first-time buyer has some characteristics different from the market as a whole.  Based on data from the January to June 2013 REALTORS® Confidence Index... (How do first time buyers differ from the rest of the real estate market?
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Lincoln Park Single-family homes median price market report

Lincoln Park Single-family homes median price market report | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

Prices holding steady generally in Lincoln Park but the next post will show Absorption rate is way down. This should put upward pressure on housing prices and an uptick in median sales prices will be trending more positive in the coming quarters. 

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Chinese Investors Pursue U.S. Property Deals

Chinese investors have been buying marquee commercial properties in New York and other American cities, in many cases encouraged and aided by the Chinese government. (Square Feet: Chinese Investors Pursue U.S.
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Multi-Million-Dollar Real Estate Ponzi Schemer Sentenced to Nine Years in Prison for Securities Fraud and Money Laundering

Multi-Million-Dollar Real Estate Ponzi Schemer Sentenced to Nine Years in Prison for Securities Fraud and Money Laundering - up-to-the-minute news and headlines.
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