Windy City Neighborhoods » Loft http://windycityneighborhoods.com Fri, 20 Jan 2012 19:54:01 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 120 E. Cullerton, Unit 403. 1BR, 1BA With Parking For 2 Cars for $229,000 http://windycityneighborhoods.com/2010/04/120-e-cullerton-unit-403-1br-1ba-with-parking-for-2-cars-for-229000/ http://windycityneighborhoods.com/2010/04/120-e-cullerton-unit-403-1br-1ba-with-parking-for-2-cars-for-229000/#comments Wed, 21 Apr 2010 15:58:22 +0000 John Astorina http://windycityneighborhoods.com/?p=175


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]]> http://windycityneighborhoods.com/2010/04/120-e-cullerton-unit-403-1br-1ba-with-parking-for-2-cars-for-229000/feed/ 0 26 DAYS http://windycityneighborhoods.com/2010/03/26-days/ http://windycityneighborhoods.com/2010/03/26-days/#comments Sat, 06 Mar 2010 00:30:09 +0000 John Astorina http://windycityneighborhoods.com/?p=148 The Fed is going to stop buying mortgages in 26 days. 26 DAYS. Liquidity of mortgages on the secondary and tertiary markets will be drastically reduced. DRASTICALLY REDUCED!

Rates will rise 1 point at a minimum as a result of this lack of liquidity. Today’s 5.0% mortgage becomes tomorrow’s 6% mortgage, at a minimum. 6% MORTGAGE RATES.

Basic market theory holds that if rates go higher, prices will GO lower, as it will cost more to borrow money after the rise that it had before. A one percent increase in interest rates effectively adds 10% to the overall price of the property.

BUYERS NEED TO BE ATTUNED TO THIS.

As of today, nothing is going to change these hard market facts.

The market in Chicago is still declining, in both perception and reality.

This market is both a beauty contest and a price war.

Are you ready to dive in?


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]]> http://windycityneighborhoods.com/2010/03/26-days/feed/ 0 SHORT SALE OPPORUNITY: 2,400 sq. ft. Lakeview Vintage Condo http://windycityneighborhoods.com/2010/03/short-sale-opporunity-2400-sq-ft-lakeview-vintage-condo/ http://windycityneighborhoods.com/2010/03/short-sale-opporunity-2400-sq-ft-lakeview-vintage-condo/#comments Tue, 02 Mar 2010 16:45:42 +0000 John Astorina http://windycityneighborhoods.com/?p=134


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]]> http://windycityneighborhoods.com/2010/03/short-sale-opporunity-2400-sq-ft-lakeview-vintage-condo/feed/ 0 120 E. Cullerton # 403. True Loft. Authentic Chicago. http://windycityneighborhoods.com/2010/03/120-e-cullerton-403-true-loft-authentic-chicago/ http://windycityneighborhoods.com/2010/03/120-e-cullerton-403-true-loft-authentic-chicago/#comments Mon, 01 Mar 2010 18:41:52 +0000 John Astorina http://windycityneighborhoods.com/?p=145


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