Urban Real Estate

2017

  • Buying in 2017 is Still The Way to Go

    Buying in 2017 is Still The Way to Go
    In The News, Matt Silver
    Thursday, May 25, 2017
    Experts still agree, if you are going to jump off the fence and buy, 2017 is the year to do so. However, with low inventory, you must have a game plan (and the stomach) to proceed. Of course, having the right broker representing you is critical, as well. Check out the Chicago Tribune , with insights from our very own Matt Silver, partner with Urban Real Estate and president of the Chicago Association of REALTORS.
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  • Rarely Available 3 Bedroom Just Listed!

    Rarely Available 3 Bedroom Just Listed!
    Harbor Point, Just Listed
    Thursday, May 25, 2017
    Rarely available 3 bedroom, 3.5 bath home at Harbor Point. Panoramic views of Lake Michigan, Navy Pier, DuSable Harbor, Grant Park, and a stunning skyline. This home features a dramatic "on the curve" floor plan with neutral finishes. Amenities include: sun drenched pool and outdoor sundeck & patio with grills; an on-site grocery store, management office, and 24-hour door staff...
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  • Home Values In Nation At New Peak

    Home Values In Nation At New Peak
    Industry News
    Thursday, May 25, 2017
    The average U.S. house is now worth more than it was at the peak in 2007, a high mark on the real estate recovery. According to the latest market information, the median home value in the U.S. is $198,000, 1 percent more than the year before and an increase over the peak price of $196,600 set in April 2007. “We aren’t in a bubble and won’t be entering one anytime soon,” Zillow Chief Economist Dr. Svenja Gudell said in the report...
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  • Inventory Shortages Drive Down Home Sales

    Inventory Shortages Drive Down Home Sales
    Industry News
    Wednesday, May 24, 2017
    A shortage of for sale housing has driven down home sales in April, according to the latest numbers from the National Association of Realtors (NAR). Total existing home sales fell 2.3 percent from March, though sales are still up over last April by 1.6 percent. Housing inventory is growing, it was up 7.2 percent to 1.93 million existing homes for sale, but it continues to fall short of demand. Median days on the market hit a new low at 29 days...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, May 22, 2017
    Six new skyscrapers are set to change the face of Chicago forever. Rising over 800 feet, these building will be new and defining edifices in the skyline. Three of them are already under construction, the Vista Tower, One Bennett Park and One Grant Park. Three more, Wolf Point South, 1000M and 110 N. Wacker are already approved by the city. Read more at Curbed Chicago here ...
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  • Open House This Weekend In Logan Square

    Open House This Weekend In Logan Square
    Logan Square
    Friday, May 19, 2017
    OPEN HOUSE - 2218 N Sawyer - Logan Square Saturday, May 20th - Sunday, May 21st - 12:00pm to 2:00pm Welcome to your urban oasis on an oversized lot in lovely Logan Square. Completely rehabbed 2-flat with newer electric, plumbing, heat, AC, roof, windows exterior siding and gutters. First floor duplex down 4 bed/3 bath unit featuring 2 bedrooms on each floor, including master suite on the main level and large walk-in closet on lower level...
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  • Transformation Planned For North Branch

    Transformation Planned For North Branch
    In The News
    Friday, May 19, 2017
    A largely industrial area that hugs the riverfront on the North Branch of the Chicago River could soon be transformed under a new framework that was approved this week by the Chicago Plan Commission. A 3.7 mile area of the river between Kinzie and Fullerton would be changed from industrial to residential, high tech manufacturing and office space under the plan, a total of 760 acres...
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  • Sneak Peak at Lincoln Park Commons

    Sneak Peak at Lincoln Park Commons
    Lincoln Park
    Thursday, May 18, 2017
    One of the city's largest developments in one of its most popular neighborhoods has just released some updated renderings offering the closest look at it ever. Following the ground-breaking earlier this month, The Lincoln Common, a 1...
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  • Inventory Shortages On the Rise, Driving Prices to New Highs

    Inventory Shortages On the Rise, Driving Prices to New Highs
    Andersonville, East Lakeview, New Eastside
    Wednesday, May 17, 2017
    This week, as brokers from Urban Real Estate joined thousands of involved REALTORS from across the country on Capitol Hill to inform legislators about the importance of preserving pro-consumer homeowner actions, lending programs, and flood insurance, the National Association of REALTORS chief economist, Lawrence Yun, shared his insights with Housing Wire, including that of impending increases on rents and home prices...
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  • Vista Tower Completes Permits

    Vista Tower Completes Permits
    Industry News, New Eastside
    Wednesday, May 17, 2017
    The newest skyscraper that will change the city's skyline has officially obtained all its permits. The Vista Tower, a Studio Gang-designed super-tall that will eventually rise 95 stories to become the city's third largest building received their final construction permit and is moving along now at full speed. The 1,186-foot tower will eventually feature 406 luxury condos, a 192-room hotel and retail space. It is expected to cost more than $1 billion to build...
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  • Home Prices Continue Climb

    Home Prices Continue Climb
    Industry News
    Tuesday, May 16, 2017
    Nationwide home prices in metro areas increased for the third consecutive quarter, according to the National Association of Realtors. The median price for existing single family homes rose 6.9 percent, an increase from $217,200 to $232,100 since the first quarter of last year. It's also the fastest pace of growth since the fourth quarter of 2015. Total existing home sales were 5.72 million in the first quarter, also an increase from the previous year, up 1.4 percent...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Sunday, May 14, 2017
    For the last several years home buyers have enjoyed historically low interest rates thanks to Federal Reserve policy that has kept them low as a form of economic stimulus, but that could be about to change. According to the Congressional Budget Office's 2017 Budget and Economic Outlook, the interest rate the Fed charges to banks could be increased nine times by 2020 with the first rate hike set for this June...
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  • So You Want To Buy An Investment Property?

    So You Want To Buy An Investment Property?
    Industry News
    Friday, May 12, 2017
    Investment property can be very appealing - besides diversifying a portfolio it can also serve as a durable stream of income and a savings vehicle over a lifetime. But there's a lot involved and it's definitely not a passive investment...
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  • Sun-Filled 2 Bedroom Just Listed!

    Sun-Filled 2 Bedroom Just Listed!
    Just Listed
    Friday, May 12, 2017
    JUST LISTED! Sun filled North facing unit 2 bedroom/2 bath in Near North/Old Town. This unit offers open kitchen concept with 1 1/4" granite counters, Stainless steel apps, 42" cabinets, pantry closet & island w/ breakfast bar. Combined living/dining room has hardwood floors & direct access to covered balcony w/ city views. Master suite features his and hers closets & large bath w/double vanity & soaking tub...
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  • Open House in Lincoln Park | Sun. May 14th | 12pm-2pm

    Open House in Lincoln Park | Sun. May 14th | 12pm-2pm
    Thursday, May 11, 2017
    OPEN HOUSE - 2520 N Southport, #1N | West Lincoln Park Sunday, May 14th - 12:00pm to 2:00pm Stunning Lincoln Park Wide Duplex Down Condo Offers 3 bedrooms (2br Up & 1br Down)/3 baths, 1 Private Deck & 1 Patio, Plus 2 Parking Spaces Included. High-end Finishes Include Gourmet Kitchen With Large Breakfast Bar, Stainless Steel Appliances. 9 1/2 Feet Ceilings, Oak Hardwood Floors Through Out. 2 Fireplaces...
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  • Belief in Housing Rebounds

    Belief in Housing Rebounds
    Industry News
    Thursday, May 11, 2017
    Buyers, sellers, everyone is feeling good about the real estate market. The Home Purchase Sentiment Index rose by 2.2 percent in April to 86.7 percent, a three point increase from the previous year. Four of the six measures of the index saw improvement; consumers believe it's a good time to buy, sellers believe it's a good time to sell, home prices are up and incomes are up. Read more at Chicago Agent Magazine here .
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  • Unique Home in South Loop Just Listed!

    Unique Home in South Loop Just Listed!
    Just Listed
    Wednesday, May 10, 2017
    JUST LISTED! Rarely available home located in the premier park setting of Dearborn Park. This home offers two bedrooms, master bedroom with walk-in shower, custom kitchen, full size washer/dryer, office, guest bathroom with travertine tile, and city views from the Living room. Unique to this home is a 500 sq. ft...
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  • Chicago's Hottest 'Burbs Are...

    Chicago's Hottest 'Burbs Are...
    Industry News
    Wednesday, May 10, 2017
    While certain city neighborhoods, particularly those along the Blue Line, have seen a lot of media attention for home price appreciation, some suburbs are posting big gains this year. Oak Park and Cicero saw prices climb 9.2 percent year over year while Evanston and Skokie grew 6.9. Park Ridge, Des Plaines and Chicago Heights/Park Forest saw the highest volume, with sales passing more than 2,200. Read more and check out a nifty chart at Chicago Agent Magazine here .
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  • Big Price Increases in These Chicago Neighborhoods

    Big Price Increases in These Chicago Neighborhoods
    Industry News
    Tuesday, May 09, 2017
    While most homes in Chicago have not recovered their pre-recession value, several neighborhoods have achieved that and more. In West Town, Logan Square, Lincoln Square, Uptown and Lakeview, prices have risen to levels not seen at any other time in nearly two decades, according to a study from DePaul University. The big driver of these increase, according to the researches, is gentrification...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, May 08, 2017
    With the spring selling season well underway the question that often comes up is when's the best time of the year to go home-shopping? Zillow recently crunched the numbers and price data from last year and compared the total number of listings, the percentage of homes selling above list price and listings with price reductions...
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