Posts Categorized: Uncategorized

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Home Sales on the Rise in the Western Suburbs

Sales of single-family detached homes increased just over 30 percent in October compared with October 2008 according to statistics released last week by the Mainstreet Organization of REALTORS®. MORe measures activity on homes in Chicago’s southern and western suburban communities.    Some of the notable increases are:       Addison (80% increase from a year ago) Bensenville (400%) Hinsdale… Read more

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Chicago Housing Prices Up For 4th Month In A Row

So far my belief that Chicago has reached a bottom in housing prices continues to be supported by the data. The latest Case Shiller index came out a few minutes ago and it shows that Chicago prices are up 1.7% in the last month. That’s 4 months in a row now of increasing prices. Of… Read more

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A Tale Of Two Townhomes In University Village

Two townhomes in University Village on South Campus Parkway. 6 doors down from each other. 5 months apart. Identical floorplans. One sells for $775K and the other sells for $591K. That’s just weird. How does this happen? University Village Townhome – South Campus Parkway Normally the real estate market is pretty efficient, which means that… Read more

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First Time Homebuyer Tax Credit Applies to Duplexes and Two Flats!

Did you know that?   We didn’t. After searching a multitude of sites including the official FHA, IRS and first time home buyer tax credit sites and making several calls we still didnt have an answer.  Finally, I found official documentation on the IRS page.  It wasn’t located under guidelines, or even frequently asked questions but it was under… Read more