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@properties To Open Glenview Office

@properties To Open Glenview Office | Chicago Housing Market News Reports | Scoop.it
Chicago real estate firm @properties continues its North Shore expansion with new Glenview location; will also serve the surrounding towns of Northbrook, Golf, Morton Grove and Niles.

Via Russ Bergeron
Jim Gramata's insight:

Growing growing growing....

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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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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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@properties To Open Glenview Office

@properties To Open Glenview Office | Chicago Housing Market News Reports | Scoop.it
Chicago real estate firm @properties continues its North Shore expansion with new Glenview location; will also serve the surrounding towns of Northbrook, Golf, Morton Grove and Niles.

Via Russ Bergeron
Jim Gramata's insight:

Growing growing growing....

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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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Why Buffett Is Betting Big on Housing

Why Buffett Is Betting Big on Housing | Chicago Housing Market News Reports | Scoop.it
What does Warren Buffett see that no one else does? He just made an outsize bid on ResCap loans, the latest example of his bet that the housing market represents a great investment opportunity. Joe Light has details on The News Hub.
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Interest in building, remodeling homes picks up

Interest in building, remodeling homes picks up | Chicago Housing Market News Reports | Scoop.it
Houzz survey: 3 in 4 owners say it's a good time to buyread more
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The Housing Market Is Experiencing 'Dangerous Foreclosure Flare-Ups'

The Housing Market Is Experiencing 'Dangerous Foreclosure Flare-Ups' | Chicago Housing Market News Reports | Scoop.it
Foreclosure filings rise in February driven by states like Maryland and Washington, according to RealtyTrac. This raises questions about the housing recovery.
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JPMorgan raises home price forecast, sees long road to recovery

JPMorgan raises home price forecast, sees long road to recovery | Chicago Housing Market News Reports | Scoop.it
JPMorgan Chase expects home prices to rise 7% in 2013 as investors continue to take interest in nonperforming loans and distressed properties. The forecast for 2013 is more optimistic than initially expected.
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Real Estate Agents Owe Lots of Duties. But To Whom?

Real Estate Agents Owe Lots of Duties. But To Whom? | Chicago Housing Market News Reports | Scoop.it
Whether representing buyers or sellers, Realtors® have a duty under Article 1 of the Code of Ethics to treat all parties honestly. That much is clear. What is not quite so clear is how wide the net of all parties is to be cast.

Via Russ Bergeron
Jim Gramata's insight:

In Illinois the agents roles have to be disclosed and signed by clients in order to avoid confusion. I do NOT approve of daul agency role where one broker is the agent for both the buyer and the seller. It is a slippery slope and the agent role is greatly diminished and it removes what I beleive to be the most integral parts of the brokers role.

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SoCal home prices up 21%; February sales volume hits 6-year high

SoCal home prices up 21%; February sales volume hits 6-year high (latimes) http://t.co/tpVh5xXRCl
Jim Gramata's insight:

Looks like the roller coaster is active again in SoCal

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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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Chicago Artist Herbert Migdoll: SWIMMER300

Chicago Artist Herbert Migdoll: SWIMMER300 | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

Some really exciting art work proposed for the downtown location by artist Herbert Migdoll (Director of Spectal Projects at The Joffrey Ballet). The inspiration was from one of the ballet performances and the question is where will this 300 foot long piece of art find its home along the water front sites here in Chicago?


The Nuveen Building is one possibility and it was actually been approved for the site Migdoll states, however perhaps the Riverwalk site may be a better location or over by Northerly Island.

 

Here are some renderings of what the installed art might look like. Migdoll's rendition of the various sites shown include Navy Pier. Whereever it is installed it has to be highlighting the waterscape of our great city and I can't wait it see it in person.

 


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Obama administration pushes banks to make home loans to people with weaker credit

Obama administration pushes banks to make home loans to people with weaker credit | Chicago Housing Market News Reports | Scoop.it

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.


Via Russ Bergeron
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Russ Bergeron's curator insight, April 7, 2013 1:46 PM

Deja Vu all over again?

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More homes entering foreclosure pipeline

More homes entering foreclosure pipeline | Chicago Housing Market News Reports | Scoop.it
RealtyTrac: Settlement gave lenders green light to resume actions against homeownersread more
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Housing Rebound Continues: Starts Rose 0.8 Percent In February : NPR

Housing Rebound Continues: Starts Rose 0.8 Percent In February : NPR | Chicago Housing Market News Reports | Scoop.it
The housing sector, which saw its bubble burst in 2007 and 2008, is now one of the economy's bright spots. (Glad to see this...Housing is driving overall economic growth. This great report is proving the real estate marke ...
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Pocket Listings: Helpful or Harmful?

Pocket Listings: Helpful or Harmful? | Chicago Housing Market News Reports | Scoop.it
Pocket listings—listings sold outside of the MLS—are gaining heat inside the real estate industry. Far from a new concept, they are one of real estate’s biggest in-house controversies, with professionals from across the country taking different stances as to whether or not they help or hinder the market.
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Apartments Appeal to Dog Lovers - Real estate jumps on the pet industry bandwagon

Apartments Appeal to Dog Lovers - Real estate jumps on the pet industry bandwagon | Chicago Housing Market News Reports | Scoop.it
With Americans spending more than $50 billion a year on their pets, the companion animal industry has been a lucrative one to capitalize on in recent years. The real estate business is no exception.

Via Isabelle clere Escouteloup
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Millennials prefer a 'fixer-upper' to a cookie cutter home

Millennials prefer a 'fixer-upper' to a cookie cutter home | Chicago Housing Market News Reports | Scoop.it
The Millennials, recently deemed the next generation of homebuyers, have earned a new nickname for themselves: the Fix-It Generation.

Via Russ Bergeron
Jim Gramata's insight:

I am not a millenial but I totally agree. i would much rather skip anything that is cookie-cutter and go for quality and location over newer and 'better'. The new better is old!

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