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SUMMER MARKET

The Chicago summer housing market is in full swing; listings are selling quickly and there remains fairly low inventory for any buyers searching for a new home. The statewide median price in May was $215,000, up 3.4% from 12 months ago.  Median prices showed a healthy, sustainable uptick in May, while the time it took to sell a home in averaged 49 days, down from 52 days a year ago. Available housing inventory totaled 55,126 homes for sale, a 7.6% decline from 12 months ago. 
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MULTI-UNITS AS A SMART INVESTMENT TOOL

Every investment instrument needs to be examined by the old trading adage that I first learned in the Chicago Trading Pits – “Risk versus Reward”.  On this metric, owning multi-unit buildings as an investment tool, stacks up against anything.  This article will explore the pros (reward) versus the cons (risk) of multi-units on a larger macro level; before delving further into the micro, where I’ll explain some of the reasons for my excitement towards a specific area of Chicago.
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SPRING MARKET

 

Although some parts of the country are still getting snow, in the land of real estate, things are thawing fast, according to a preliminary analysis of syndicated website data for Q1 2018.

Coming out of their winter doldrums, listing prices have begun their traditional spring climb and quickly reclaimed historical highs, hitting a median which is hovering around last summer’s National peak (275K)
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CHICAGO IS #1

New York might be the City most Americans envision when conjuring up images of a lovely skyscrapers and urban architecture, but Chicago is where the foundation for the modern American skyline came from and we love it for this reason.
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