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Until the COVID-19 pandemic, the real estate market in the Chicago area was trending upwards, however, the economic landscape throughout the country now is uncertain. This leaves homebuyers, sellers, and investors wondering what the future may hold for the real estate market in the wake of these changes. Home buying demand exceeds inventory As some … Continue

After a year of slowdown, the downtown apartment market is finally showing signs of return. Rental prices are going back up, as is the demand for apartments. How the Apartment Market Changed in the Last Year   The last year saw an increase in rental vacancies, with downtown Chicago’s overall apartment occupancy having reached a … Continue

Following the instability of the former administration, experts have high hopes for the Biden administration. While some changes, such as the extension on the eviction and foreclosure moratorium, are obvious, others remain to be seen. Overall, experts predict that the real estate market should benefit from the stability that the Biden administration will bring. The … Continue

Buying foreclosures in Chicago can be a sound investment strategy, but you need to know how to take advantage of these opportunities. Before buying any Chicago foreclosures, there are some important things to keep in mind about the process in general and the property in particular. Foreclosures vs. Pre-Foreclosures You should consider whether you want … Continue

So you’ve just purchased a foreclosure property and it’s necessary to make some renovations.  As with any investment, it’s important to stick to a budget. While some tasks can be easily accomplished yourself, it’s also very important to hire professionals to do certain tasks for both safety and economic reasons.  Here are a few areas … Continue

Currently, the state of the housing market in Chicago is positive, with few foreclosures. However, since the start of the pandemic, many businesses have closed and employees have experienced job loss. This may leave many wondering what the future of the real estate market will hold. It’s important to find facts about foreclosure rates in … Continue

Whether you just purchased an investment property that needs a complete renovation or you are planning to put your home on the market and need to make some last-minute changes, you may be wondering how COVID-19 is affecting these service providers.  The good news is that most contractors are continuing to work during this time … Continue

Over the last few years, and more recently since the beginning of the pandemic, high-end home buyers have had a shift in both their demographics and their wish lists. First of all, the demographics of the buyers themselves are changing—the millennial generation is beginning to increase their presence in the luxury home market as well … Continue

As we enter month five of COVID-19 shutdowns, precautions, and economic upheaval, the real estate market in Chicago has been staying steady. At the beginning of the quarantine, many financial and real estate experts were unsure of the impact it would have on the housing market. Even though the nation’s economy suffered an enormous blow, … Continue

Finding the perfect foreclosure to invest in is exciting, but paying for it is the opposite. Many would-be investors shy away from purchasing bank-owned properties because they don’t have the available capital to make an all-cash purchase, which is the preferred payment option (or sometimes only option as in a foreclosure auction). However, there are … Continue

According to many advisors, a great way to diversify your investment portfolio is real estate. An attractive option for those who want to generate a positive cash flow is to purchase a multi-unit property. This is a good choice for several reasons. May Be Less Difficult to Obtain Financing A larger loan for a multi-unit … Continue