Windy City Neighborhoods » Lofts http://windycityneighborhoods.com Fri, 20 Jan 2012 19:54:01 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 This Month In Real Estate: October, 2010 http://windycityneighborhoods.com/2010/11/this-month-in-real-estate-us-october-2010/ http://windycityneighborhoods.com/2010/11/this-month-in-real-estate-us-october-2010/#comments Sun, 14 Nov 2010 22:16:21 +0000 John Astorina http://windycityneighborhoods.com/?p=229


Related posts

]]> http://windycityneighborhoods.com/2010/11/this-month-in-real-estate-us-october-2010/feed/ 0 This Month in Real Estate: August 2010 http://windycityneighborhoods.com/2010/08/this-month-in-real-estate-us-august-2010/ http://windycityneighborhoods.com/2010/08/this-month-in-real-estate-us-august-2010/#comments Thu, 12 Aug 2010 19:37:55 +0000 John Astorina http://windycityneighborhoods.com/?p=215


Related posts

]]> http://windycityneighborhoods.com/2010/08/this-month-in-real-estate-us-august-2010/feed/ 0 This Month in Real Estate: July 2010 http://windycityneighborhoods.com/2010/07/this-month-in-real-estate-us-july-2010/ http://windycityneighborhoods.com/2010/07/this-month-in-real-estate-us-july-2010/#comments Sun, 18 Jul 2010 19:43:40 +0000 John Astorina http://windycityneighborhoods.com/?p=217


Related posts

]]> http://windycityneighborhoods.com/2010/07/this-month-in-real-estate-us-july-2010/feed/ 0 This Month In Real Estate: June, 2010 http://windycityneighborhoods.com/2010/06/this-month-in-real-estate-us-june-2010/ http://windycityneighborhoods.com/2010/06/this-month-in-real-estate-us-june-2010/#comments Tue, 22 Jun 2010 19:20:28 +0000 John Astorina http://windycityneighborhoods.com/?p=208


Related posts

]]> http://windycityneighborhoods.com/2010/06/this-month-in-real-estate-us-june-2010/feed/ 0 This Month in Real Estate: May 2010 http://windycityneighborhoods.com/2010/05/this-month-in-real-estate-us-may-2010/ http://windycityneighborhoods.com/2010/05/this-month-in-real-estate-us-may-2010/#comments Sat, 15 May 2010 19:31:08 +0000 John Astorina http://windycityneighborhoods.com/?p=212


Related posts

]]> http://windycityneighborhoods.com/2010/05/this-month-in-real-estate-us-may-2010/feed/ 0 120 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


Related posts

]]> 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?


Related posts

]]> http://windycityneighborhoods.com/2010/03/26-days/feed/ 0 What It Boils Down To, My Friends . . . http://windycityneighborhoods.com/2010/02/what-it-boils-down-to-my-friends/ http://windycityneighborhoods.com/2010/02/what-it-boils-down-to-my-friends/#comments Tue, 23 Feb 2010 22:06:18 +0000 John Astorina http://windycityneighborhoods.com/?p=132 Is that it’s a beauty contest and a price war out there.

To my clients selling their lofts, condos. townhouses and single family houses. We have two fronts upon which we do battle. Presentation and price are now equally important to buyers. A property that is clean and staged well, must be paired with a realistic offering price. Those that are not will be cast to the wayside, either for being in disarray or for being too expensive. Sometimes, properties will be passed over for both reasons! Get it ready, keep it tidy, and price it right.


Related posts

]]> http://windycityneighborhoods.com/2010/02/what-it-boils-down-to-my-friends/feed/ 0 14 Months of Inventory, Tax Deadlines, Buying Season, What Does It All Mean? http://windycityneighborhoods.com/2010/02/14-months-of-inventory-tax-deadlines-buying-season-what-does-it-all-mean/ http://windycityneighborhoods.com/2010/02/14-months-of-inventory-tax-deadlines-buying-season-what-does-it-all-mean/#comments Thu, 18 Feb 2010 21:16:45 +0000 John Astorina http://windycityneighborhoods.com/2010/02/14-months-of-inventory-tax-deadlines-buying-season-what-does-it-all-mean/ City wide inventory of housing stock is rated at well over a year’s supply. The April 30 First Time Home Buyer Tax Credit deadline is looming. The April 30 Home Seller Tax Credit deadline is also looming. The Spring Buying Season has officially begun. What does it all mean?

To me, it means that April, 2010 is going to be one BUSY month!

My colleagues and I have been talking a lot about these looming deadlines. Why are buyers still on the fence? Are sellers prepared to accept that in order to sell, they have to be #1 on the Clearance Rack?

We’ll know in April. Once buyers and sellers get their 2009 Taxes filed and they have 15 days left to be “Under Contract,” that’s where the proverbial rubber will hit the road.

Waiting will no longer be an option, and it will at last be time to put up or shut up


Related posts

]]> http://windycityneighborhoods.com/2010/02/14-months-of-inventory-tax-deadlines-buying-season-what-does-it-all-mean/feed/ 0