The weekly statistics for distressed and traditional real estate sales have been updated for last week. An index of local home prices fell in December for the fifth straight month, hitting its lowest point since the summer of 2001. The growing concern is over the “shadow inventory” or foreclosures/soon-to-be-foreclosures that […]
Search Results for : distressed properties
What is the difference between a traditional resale, short sale and foreclosure? There are only a few minor differences between them, but these differences could drastically alter the scenario, whether you’re a home buyer or seller. 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
With many owners either unable to sell their home, or deciding to delay the sale, many have become situational landlords. Additionally, the heavy activity of distressed properties became a viable investment tool for many cash-ready purchasers. Cash flow properties, attractive capitalization rates and returns were at times performing better than other investment vehicles.
Market gaining momentum after weather, low inventory slowed spring sales. Despite a slow start, 2014 is proving to be an eventful year for housing. Here at @properties, we’ve been keeping a close watch on local market conditions, and all signs point to a very busy second half of the year. Let’s take a closer look at some first half highlights and what to expect this summer and fal
After a roller coaster of a year, I have been getting a lot of requests and questions about what to expect for this upcoming year. Is housing still worth it? The rules are continually changing, as we have all seen in the past few years. What was once a buyer’s […]
While housing seems to continue to show signs life, it will be an ongoing fight. The month’s supply of inventory for Chicago single family and attached condos and townhomes are both below four months (rate at which the current inventory will take to sell, based on current sales rate) indicating […]
The year over year statistics for November has been published. One common trend occurring in several market segments, including all residential and commercial properties are the lowered months supply of inventory, which all seem to be hovering over the four month mark. What the months supply of inventory (MSI) tells […]
So it’s been all over the news that housing recovery is in full force across the country and not just in selective markets. A part of the recovery is due to supply, with inventory lower across all market segments, while real estate sales increasing at the same time from this […]
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 […]
It could be coincidence; it could be the sum of several factors. Maybe it is just my imagination… I was at the office tracking weekly market trends and activity on listings. It started with Memorial Day, and considering the gloomy news, warm weather it’d be hard not to find people […]
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 […]
It’s no surprise that landlords are on the rise. With many owners either unable to sell their home, or deciding to delay the sale, many have become situational landlords. Additionally, the heavy activity of distressed properties became a viable investment tool for many cash-ready purchasers. Cash flow properties, attractive capitalization […]
If it’s been a year or more since you’ve checked your credit report, you’re entitled to get a free credit report from each of the three credit reporting agencies: Equifax, Experian, and TransUnion. Checking your credit report helps to identify and address potential problems. By checking your credit report, you […]
Holidays are a wonderful time of year. I myself enjoy the decorations, events and things that only come this time of year. Things can become challenging when planning for the holidays, entertaining in town guests and having your home on the market.
Considering purchasing a short sale or foreclosed home in need of repairs? What options are available to buyers in today’s market? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Even amidst the current debacle of robo-signers and foreclosures, many are still favoring short sales, even though they may be guilty of the same processes. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
With increased inventory, sellers and their brokers can face difficulties in making properties stand out from the rest. Although some of the strategies have not changed, the reasons for and importance have. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
What is the future for Fannie and Freddie and how will it affect buyers and the current market? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
It’s not just homeowners themselves who are feeling the strain of the current economy, but HOAs as well. Originally published at https://realtyevolved.net
The rise and subsequent fall of real estate prices could have an effect on other industries such as food. Originally published at https://realtyevolved.net by Sherwin Sucaldito
Crain’s today reported that sales in February rose in comparison to last year but median prices fell. Originally published at https://realtyevolved.net by Sherwin Sucaldito
2009 was no doubt a difficult year for many. For most people, “foreclosure,” “short sale” and “distressed” were phrases heard every day. This is not just a bad market we’re in; it is THE market of today. This is something that won’t change overnight. Originally published at https://realtyevolved.net
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 […]
A short sale scenario occurs prior to a property going into foreclosure, and is sometimes a more viable option as it may be more economically beneficial to sell the property for a minor loss rather than going into the foreclosure process. A short sale can occur even if Notice of Default has not been recorded. Originally published at https://realtyevolved.net.
Spring is generally a hot season for home selling and buying. But just as there is more demand, there is also an increase in inventory and competition from others looking to sell their home as well.
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. […]
The statistics have been updated for the month of August 2014. Sales of businesses with real estate and commercial properties have slowed, along with attached housing as we go into the fall market. Single family properties as well as multi-units are still in demand and prices are surging significantly for […]
Since the real estate downturn, investors have stepped up their purchasing practices. However, there have been limitations for some investors requiring a loan…
Real estate hasn’t been immune from the global markets and activity that retailers have seen. Buyers from across the globe shop for homes online, view photos and descriptions, sometimes even giving ratings and in some cases make their purchases. Although a home may not be something you see waiting for […]
With the elections behind us and the winter season approaching, many are watching the housing market for changes in activity. But much of the recent data seems to support much of what has been talked about on a national level. For Chicago, inventory has decreased throughout single family, attached condos […]
The development group will be focusing on resuming construction at the 27 story Waterview Tower, which has remained unfinished since work was stopped on the project in 2008. The development group, led by Related Cos., will close on a $115 million dollar construction loan from Bank of American and US […]
Times are difficult for many. To help, the IRS recently announced an expansion of its “Fresh Start” initiative with more flexible terms to its (OIC) program helping the most distressed taxpayers to clear up their tax problems more quickly
Several changes have been done to the statistics page. Distressed sales statistics (lender mediated assisted sales: REO, short sales, pre-foreclosure, foreclosure) are now compiled in a monthly report. Additionally, information by each neighborhood is available for registered subscribers. Reports for each month is made available a couple of weeks after […]
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 […]
Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Oct 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/ 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 […]
The current environment may seem like a haven for home buyers looking to find their dream home. Rates are low. High inventory. Low demand. So why is the market still struggling national? 2.19 million homes were listed at the end of September. Down 20% from a year earlier, and the […]
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 […]
There is a lot of talk in the Wicker Park / Bucktown neighborhood in Chicago with what could add more development into the area and intersection already undergoing many changes. A joint venture of Donald Wilson and Chicago-based hotel developer AJ Capital Partners recently bought the note on the distressed […]