The MG Group Blog

Follow me
By
Real Estate Broker/Owner - The MG Group
Real Estate advice and information from the #2 REALTOR® in Chicago.
RECENT BLOG POSTS
It’s easy to be down on the housing market these days. After all, more than 16 million U.S. homeowners now owe more on their mortgage loans than what their house is worth. In other words, they’re underwater. But, as a recent Associated Press story shows, owning a house is still a good investment,...
10/29/2009
A new supermarket, in addition to townhouses and condominium units, may soon begin rising in Chicago’s Ravenswood neighborhood if a proposed development eventually wins approval. Ravenswood is already a sought-after neighborhood for people looking to buy single-family homes, condos or townhouses ...
04/22/2009
I’ve always boasted to outsiders that Chicago is a world-class city. One of the reasons for this is that the city has a history of attracting some of the country’s top retailers to its business strips. Whatever you need to buy, the odds are great that you’ll be able to find it in Chicago. The cit...
04/22/2009
The Baby Boomers represent the largest generation in the United States. It’s little surprise, then, that homebuilders are especially interested in what Boomers want when it comes to housing. Today, at least according to an interesting story in the Chicago Tribune, Boomers want simple, maintenance...
02/26/2009
The numbers right now aren’t good when it comes to the housing industry. Just look at the local numbers: Home sales in the city of Chicago came in at 20,589 in 2008, down a significant 25.1 percent from one year earlier. The median sales price of homes in Chicago stood at $290,000 last year, a sm...
02/26/2009
Was it the opposition of local residents? Was it the struggling economy? Or was it the glut of unsold condominium units already on the market? Whatever the reason, a controversial condominium tower proposed for a lot next to a historic Michigan Avenue church is now dead. In a story reported by Cr...
02/26/2009
Economists, my fellow REALTORS® and home sellers are all asking the same question: Has the housing industry finally reached bottom? It’s a good question. Unfortunately, no one knows. We all hope that housing prices are finally ready to start climbing again. And we all certainly hope that sales wi...
02/11/2009
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today. It remains within a target range of 0.000-0.250 percent. In its press release, the FOMC reiterated most of the key points from its December 2008 statement, including: The U.S. employment outlook continues to det...
02/11/2009
When a homeowner sells his home and decides to buy a new one, there are 3 basic options for the residence -- sell it, keep it, or rent it. Unfortunately, no matter which path they choose, move-up homebuyers in need of a new conforming mortgage will find qualifying for a home loan to be more diffi...
01/30/2009
If you’re debating whether it’s time to become a homeowner, you should know one thing: Housing is currently a great value in the city of Chicago. Housing prices are dipping across the city, including in some of its top neighborhoods. This means that buyers today can buy more home for their dollar...
01/28/2009
Rainer
31,376

MarioGreco

Founder
local_phone(773) 687-4696
Contact The Author
Real Estate advice and information from the #2 REALTOR® in Chicago.