Financial planning is a crucial step, and can make your investment real estate portfolio succeed or fail.
Investment Models
Home buyers are looking for home offices to serve more than just a space to do work in.
For residential properties, inventory throughout the city is low, with sales and under contract properties on the rise. With all three categories, detached, attached and multi-units seeing a months supply of inventory at about three months, properties are moving off the market quickly as demand in key markets pick up. […]
Save Save
A proposed ordinance filed this week by Aldermen Joe Moore, 49th, and Ameya Pawar, 47th, and backed by Mayor Rahm Emanuel, for anyone who rents their living space for up to 90 days a year would have to register with the city. Described as “a free and simple online process” […]
Builders, landlords and investors are carefully watching the apartment sector, determining the health, and potential decline of demand and return of investment in the city. With the pace of apartment building and current supply increasing recently there are concerns that there could potentially be an oversupply. After the bust, the […]
The newest Cost versus Value report has just been released. Leading in the midrange projects in Chicago are steel entry doors, garage door replacements, deck additions and stone veneer accents. Leading upscale projects were wood window replacements, garage door replacements and siding replacement. Unlike what television may have us believe, […]
#200478943-001 / gettyimages.com With many homeowners’ spending power getting squeezed from the economy, or from sapped equity from the market downtown in previous years, many are becoming more creative in finding ways to make their home more affordable and produce cash flow in unique ways. Many of these ideas could […]
Since the real estate downturn, investors have stepped up their purchasing practices. However, there have been limitations for some investors requiring a loan…
The Census Bureau reported this week that housing starts, which measures new home construction, rose nearly 28% between February 2012 and February 2013. Many national builders have also reported been reported increases in buyer demand. Lennar for example, has reported more than a 33% increase in sales of homes. Even […]
With banking institutions unfavorable to homeowners, regulators and policy makers Sandy Weill, the former Citigroup chairman and CEO credited with building the bank into a financial superpower, now says big banks should be split up. Read more at NBC News’ site.
Foreign investors are on track to continue purchases, taking the place of other traditional buyers missing from the market, such as investors, developers and first time home buyers. This past year has seen a sharp increase in foreign real estate purchases. International buyers accounted for $82.5 billion, or 8.9%, of […]
As the summer comes upon as, one of the busiest rental seasons is expected. With the expected high demand of rentals, developers are rushing to meet the demand. Occupancies in Class A apartment buildings in the Chicago downtown area are hovering around 95% (Appraisal Research Counselors), and developers are more […]
The recent Realtors Confidence Index survey reports that cash buyers are 31% of the existing residential home sales market. This is no surprise as tightened credit leave cash buyers as a significant percentage of purchasers when competing offers that require financing sometimes cannot qualify for certain properties. The majority of […]
Rates are low. So are home prices. So what’s preventing many from buying? For some, buying has become an obstacle as they are finding that financing their real estate purchase has become difficult. With a strong credit background, considerable down payments and reserves, many potential home buyers are finding that […]
As we enter a new year, I am finding myself guiding clients in this market, formulating strategies and guiding expectations. It’s no surprise that the real estate market has been difficult for the past few years and many economists are expecting more of the same for this year. But even […]
Chicago area real estate statistics for residential and commercial properties have been updated – Chicago real estate statistics. Overall, inventory is down across all real estate classes and contracts written and real estate sold are up from one year ago. Only businesses and multi-units have seen fewer properties sold than […]
Long term outlook is still largely uncertainty as the Super Committee cannot come to agreement. Without changes, there is some $1.2 trillion in federal programs that will be automatically cut in 2013. Military bases and surrounding communities will be hit as spending is scaled back and surrounding area is impacted […]
Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Sept 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/ Sherwin L. Sucaldito, REALTOR®, GREEN, ABR, CRPM @properties The Institute of Luxury Home Marketing Green REsource Council, GREEN Accredited Buyer’s Representative , ABR Certified Residential […]
For the interested buyers that are looking in today’s market, there are two recurring obstacles that seem to prevent many of them from obtaining necessary loans to purchase: mortgage approval and condition of property.
With many distressed properties on the market, many investors are looking at purchasing aggressively priced multi-units to convert into investments properties. In many areas, rental rates have either stabilized or increased in value due to demand. Additionally, some properties are in need of repairs to make them habitable. How can […]
With the rise of rental properties on the market along with situational landlords and foreign investors, many are finding themselves unprepared for management of real estate properties when problems arise. Even simple maintenance and preventative issues can be overlooked when no one is at the property to inspect and maintain. […]
Updated Chicago real estate statistics for May 2011.
Without truly knowing if the market has hit bottom or how fast recovery will come, many buyers are sitting on sidelines waiting, and watching. Even though some economic indicators (residential loan delinquency, unemployment, MSI) point that we are in a recovery period, as some economists suggested, it will be a […]
Landlords, and investment owners should be aware of the changes in the landlord and tenant laws which may affect their rental properties. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Chicago area real estate trends and statistics. Includes residential and commercial classes. Additional distressed & traditional versus total statistics on weekly basis. Posted at https://realtyevolved.net
Do cash offers create a potentially better deal for buyers in today’s market? Are discounted prices or other concessions standard or do they even exist? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Chicago area real estate trends and statistics. Includes residential and commercial classes. Additional distressed & traditional versus total statistics on weekly basis. Posted at https://realtyevolved.net
News on the housing market seemed to be the hot topic at the office and with good reason. Today, with new home sales and existing home sales dropping, many are wondering what’s next. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Limited access to credit and job recovery impacts how fast housing can recover. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
The current trend for the top five single family neighborhoods in Chicago. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Sometimes it’s not just the data, but how it is interpreted which is essential to successful strategies. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Downtown builders sold 256 condos and townhomes in the first three months of the year. Originally published at https://realtyevolved.net by Sherwin Sucaldito
Many investors have started considering commercial properties as a way to diversify their portfolio. Originally published at https://realtyevolved.net by Sherwin Sucaldito
In an article by Trevor Baker written in Oct 2009, he wrote how several ground breaking skyscrapers can signify a downturn in the market. Most notable examples were the “Empire State building, which was finished in 1929, didn’t achieve full occupancy for 40 years;” The Sears Tower in Chicago and […]