Posts Categorized: Uncategorized

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Will Rising Interest Rates Kill The Real Estate Market?

Understanding the relationship between interest rates and home prices is particularly important now because most people believe that interest rates are heading up in the not-to-distant future. One might quite logically expect that when mortgage rates rise it depresses home prices. After all, most people determine the affordability of a home by looking at the… Read more

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Did The Government Set Off A Chain Reaction?

I’m blown away by the activity level we’re seeing in the Chicago housing market these days. Anecdotally I keep running into other realtors showing real estate and I’m surprised by the number of cash deals out there. As I recently reported, December contracts were up 100% over the previous year and we’re seeing January activity… Read more

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Chicago Home Prices Down Again In October

The Case Shiller home price index came out this morning and it shows renewed price declines for the Chicago area. The home price index fell 1% in October. We are back to May 2003 levels, which represent a 10.1% year over year decline in Chicago area home prices. This also equates to a 22.4% decline… Read more

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More fun with bad real estate agent photos….

Well, I guess this is sort of turning into a hobby.  Some more to brighten your day. Lets have some fun and try multiple choice on this one.  Would love to hear your ideas too! In the photo below:  The real estate agent shot the photo with his eyes closed  The rest of the bathroom is… Read more