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, […]

Cost vs. Value

Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]

Distressed Out

Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Oct 2011.   Contracts written is up for both residential and commercial properties. Months supply of inventory is also lower, although for several property types the drop has been […]

Oct Monthly Statistics

News Regarding Forbearance from FTC Enforcement of some MARS Rules against Real Estate Professionals On July 15, 2011, the National Association of REALTORS® (NAR) issued a press release stating that the Federal Trade Commission (FTC) will not undertake enforcement actions against real estate professionals who assist distressed homeowners in their […]

Forbearance from FTC Enforcement