December 2018

Found 7 blog entries for December 2018.

Housing Affordability Home affordability has dropped to its lowest level in 10 years, prompting housing experts to call it one of the most significant signs we’ve seen yet of a cooling marketplace. 

According to recently released statistics from Attom Data Solutions, U.S. home prices have fallen to the lowest level of affordability since the third quarter of 2008 thanks in large part to home prices consistently rising as wages in many cities across the country remain stagnant. 

Locally, Cook County’s affordability index has dropped 10 percent from last year, while Los Angeles and New York have seen a 12 and 8 percent decline respectively. 

From a nationwide perspective, the median sales price from October through December has jumped 9 percent to $241,250 while the

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Home Sales FallingHome sales in Chicago saw a sharp decline in November, according to new data from Illinois Realtors. In the city specifically, just 1,793 homes were sold in November, representing an 8.5 percent drop from this same time last year. 

For comparison, home sales nationwide only saw a 7 percent decline, according to data from the National Association of Realtors. 

Both local and national economists attribute the decline to rising interest rates and shaky consumer confidence about the future of the U.S. economy heading into the new year. 

Even with the 8.5 percent drop, November still sits behind September for the steepest monthly decline of 2018, a month when sales dropped 14.5 percent year-over-year. 

Compared to the first 11 months in 2017, this

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New Construction Condos ChicagoThinking about buying a luxurious new condo in or around downtown Chicago next year? If so, here's a closer look at some of Chicago's most highly-anticipated condo developments currently under construction. 

Vista Tower

Under construction right now, Vista Tower comes with the promise of 101-stories of upscale Chicago elegance. This spectacular new high-rise will soon include such impressive amenities as a Sky Lounge, a state-of-the-art gym overlooking the city, a swimming pool and other upscale additions.

The Hampdens East Lincoln Park

The Hampdens East Lincoln Park is another high-end property coming to the city soon. The two new buildings are set to deliver this spring, with large floor plans just a short walk from the park.

56 W. Huron

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Chicago Holiday Season EventsIt’s not too late to get in on holiday fun in Chicago. From live holiday entertainment to ice skating, it’s all happening in Chicago this holiday season. Take a closer look below at just some of the fun things going on around town that we're excited about most.

Christmas Around the World-Museum of Science+Industry

Now-Late December

The holidays are in full swing at the Museum of Science+Industry in Chicago. The museum’s Christmas Around the World celebration includes some live performances and even ornament making the weekend before Christmas.

ZooLights at Lincoln Park Zoo

 Now-Jan 6

Even the Lincoln Park Zoo is getting in on the holiday spirit. If you haven’t made it out to ZooLights you still have time. With millions of lights to take

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Condo Tower West Loop Sulo Development was already planning to build a 9-story, 28-unit condo building at 19 N. May in Chicago’s rapidly growing West Loop neighborhood. Now, plans have changed and their earlier proposal has been expanded to include 18 stories and 73 condominium residences. 

If the name sounds familiar, it’s probably because Sulo was also the company behind Hayden West Loop, a luxury condo building on the same block that’s nearly sold out already. 

With the new McDonald’s headquarters now finished and plenty of other office space in the works for Fulton Market and the surrounding area, it’s no wonder why the West Loop real estate market continues to remain red hot. 

According to Crain’s, Sulo will still need City Council to approve a zoning change

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New Construction ChicagoThe goal for our brand has always been to provide Chicagoans with the very best destination to search homes, condos, lofts, or whatever you happen to be looking for on the local Chicago real estate market. 

In an ever-changing marketplace, it’s important for all buyers to have the necessary resources needed to make the best possible decision for their unique situation, and we pride ourselves on providing just that with our top-ranking website. 

Moving forward, our plan will be to continue this unique approach, and through the launch of our latest website, Chicago Development Finder, we've already taken another big step forward.

Specifically designed to match prospective buyers with new construction properties throughout the city and suburbs,

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Lakeshore East CondosChicago’s Lakeshore East neighborhood is where you’ll find some of the Windy City’s most mesmerizing residential high-rises, which often feature incredible living spaces and even better views. Not surprisingly, condos for sale in Lakeshore East can often get a bit pricey, especially in high-profile buildings like Vista Tower and Aqua. 

If you know where to look, however, Lakeshore East can still be a place buyers will find great deals on condos listed under $500,000. And to prove it, take a closer look at what's currently on the market inside these Lakeshore East buildings and see for yourself!

400 E. Randolph 

Although 400 E. Randolph is one of the neighborhood’s older buildings, it’s a great place to start a condo search under $400,000 because

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