Local real estate news in Chicago

Bond prices and home loan rates were all over the place this past week. Some of my lenders told me that there were 1/4 point swings in one day!  Why this flurry? The Fed has been dropping their rates! That's what my buyers think. I try and give them a minor tutorial that the mortgage rates are ti...

OK I need to vent (again). Did you read the Chicago Tribune today an article that revealed some discussion going on at the Department of Revenue pondering how they can squeeze more out of the Chicago home buyer. Recently I vented what a bad policy it was to tax buyers 40% more on their city home ...

Dreaming of buying a new pad for your dog (and you), but haven’t found a comprehensive list?Tell us some of your general residential real estate search parameters for your next home and we’ll get you a list of all of the active pet friendly properties that allow dogs (or cats) usually within 24 h...

Hi allMany of you have been asking me for the neighborhood meeting locations for the CAPS meetings I've been telling you about over the last few years.Here is a recent summary from the Lincoln Park Chamber of Commerce:CAPS Meeting Locations The Chicago Police Department runs a community policing ...

The City of Chicago has passed the increase of the transfer tax buyers pay on a property transfer. The rate has been raised from $7.50 per $1000 purcahsed to $10.50/1000.This money as you probably know has been approved to pay the budget deficit for the CTA budget woes.An average Lakeview condo s...

Neighborhood Average Rental Price East Lakeview $3,145Depaul $2,725Lincoln Park $2,395Lakeview $2,300Wrigleyville $2,300North Halsted $1,997Boys Town $1,997Uptown $1,372 Interesting to see the cost of living for renters to increase as buyers are seeing a flattening in appreciations.

Average Prices:Depaul $629,950Lincoln Park $524,900Lakeview $439,900Wrigleyville $439,900Lakeview East $434,000East Lakeview $434,000North Halsted $364,900Boys Town $364,900Uptown $290,450These are the Average Chicago Neighborhood Prices on the North side of Chicago.

Lakeview restaurant news:Did you hear the awesome news? The owners of one of my favorite and least 'famous' Chicago Lakeview restaurants, Deleece's, is planning on opening another restaurant at 3313 N Clark Street (formerly Platiyo). It's going to shift from their current casual Americana menu to...

What do you do when you are confronted with a seller in a buyers market such as our current Metro Chicago market who does not seem to understand his home is not the Taj Majal and that in his area there have been 6 buyers in the last 2 months and there are 54 homes on the market.I've showed them t...

The newest Lakeview commercial and residential development planned at 3012 N Broadway is requesting a zoning change from B3-2 to B3-3. The anchor tenant, Dominicks store, will be a little over 40,000 sq. ft., which takes up a lot of the site area. There will be 44 residential units and the buildi...