Chitownproperty

Popular sentiment seems to be that the hot real estate market of the past few years is going to end with a “soft landing,” no drastic price drops, but a gradual settling of home values back down from the stratospheric appreciation rates. This week, the New York Times examines what would happen to the housing [...]

Despite the constant emphasis placed on home values in the media, a recent survery by Coldwell Banker found that only 5 percent of Americans view their homes primarily as investments. A vast majority, 67 percent, viewed their homes as just that, a place to live, and all things remaining the same, would not trade up [...]

Fully-loaded 2 bed, 2 bath condo with skyline views

Price: $419,900
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Amazing penthouse 2 bedroom 2 bathroom condo in intimate elevator building. Stunning living room with cathedral ceilings, wood-burning fireplace and terrace. Beautiful kitchen with cherry cabinets, granite countertops and stainless steel appliances. Massive master suite complete with walk-in closet, private balcony and a stone bath with steam shower and a huge whirlpool tub. Spacious second bedroom and marble second bathroom. Skyline views, Brazilian cherry floors, organized closets and garage parking complete this home. The building boasts a common rooftop deck and is located steps from the el, shopping, dining and more. This is truly a special property. Also available for long- or short-term rental at $2000/month.

With markets across the country cooling down to more sensible levels, some people are sitting out of the real estate game, convinced that prices will go down even further. These “bubble sitters” are waiting for just the right moment to swoop in to pick up a great deal, cashing out of the market now by [...]

Gone are the days when you can expect to sell your home fast for top dollar. Whether it’s the effect of rising interest rates, overpriced housing markets, or high local inventory, sellers need to alter their strategy to get the highest market value out of their homes in a reasonable amount of time. The American [...]

Remodeling your kitchen probably has the biggest impact on your home’s value of any project. But it requires careful consideration. How much should you spend? How long are you planning to stay in the house? And what is the standard kitchen in the neighborhood like? You don’t want to spend all your savings on a [...]

With much of the leverage in the real estate market swinging to buyers, they have become more demanding in their lists of must-haves for potential homes. High-end upgrades like walk-in closets and stone countertops are essential in new homes, but different groups of buyers focus on different things. Many younger buyers are looking for more [...]