Found 2 blog entries tagged as Chicago homes.

Chicago homes for saleIt took Chicago awhile to catch up with the housing market boom that much of the nation has experienced in 2013, but a recent report from Midwest Real Estate Data LLC (MRED), as reported in Chicago Magazine, shows many positive signs for those looking to unload their Chicago condos and Chicago homes for sale.

According to MRED, 7,998 Chicago home sales occurred in June, which is a massive year-over-year improvement from June 2012, when 30 percent less homes sold. And May 2013 was even stronger year-over-year, with 39 percent more Chicago homes selling in comparison with May 2012. These homes were also being absorbed much more quickly in terms of when they went on the market and when they actually sold. Homes were on the market for an average of just 96…

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Buying a chicago home five rulesWhether you’re a first-time home buyer or you’re thinking about moving to a larger Chicago home or Chicago condo, the five-year rule is a good one to follow. It’s a simple question of how long you plan to stay in the home, and the answer can help you decide whether or not you should stay where you are or make the move.

For some, it has everything to do with the upgrade cycle. You purchase a smaller Chicago condo or townhome with the intention of staying there. Then, a few years later, you realize there’s not enough space and you need something larger. This upgrade cycle usually repeats itself until the buyer finally settles into a house that is big enough for their family. While great in theory, if you continually sell and purchase a Chicago home that…

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