RECENT BLOG POSTS
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In the last few weeks economy became number one topic in the news and a reason for huge concern among Americans. There is a great deal of confusion about what really caused the problems we are facing now and what options are available to deal with them. Unlike many commercial media shows, Marketp...
10/08/2008
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The bailout deal is dead in the water. No amount of persuasion from the President and both democratic and republican leaders could stop the revolt by republican members of the House. For a bill that was so painfully negotiated and agreed upon by the President and leaders of both parties to fail w...
09/29/2008
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You wake up in the morning and hear news about yet another bank meltdown. Property values are plummeting 10% a year . Inventory of homes for sale is at its peak. It takes not weeks, not months, but YEARS to sell a house. That is, if you are motivated and persistent enough to wait this long... Is...
09/28/2008
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The unthinkable happened. Lehman Brothers are now a bankrupt company. There was no white knight to save them over the weekend. The U.S. Government refused to put more taxpayers’ money on the line even that in a very similar situation 6 months ago, the Treasury did not hesitate to bail out Lehman'...
09/16/2008
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Arlington Heights Homes Neighborhood Report September 13th was the rainiest day in Arlington Heights history. A number of creeks flooded the streets and backyards of Arlington Heights homes. All retention ponds have filled beyond capacity with water up to 25 feet deep. To some Arlington Heights r...
09/14/2008
Those familiar with Zillow.com may agree or disagree (mostly the latter) with the method they use to calculate home values. Zillow offers an alternative to market appraisals based on MLS data. Right or wrong, this is one more resource we can use to provide our clients with a feel of the changing ...
08/28/2008
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With rumors about possible Fannie-Freddie meltdown running wild, it is good to have some perspective. Certainly, if any of those mortgage giants looses liquidity, the impact on the housing market would be huge. Doomsday scenarios predict that getting a home loan or refinancing existing mortgage w...
07/13/2008
Lake Briarwood is a tranquil community on the shores of a small, artificial lake just south of Algonquin Road in the furthest southwest corner of Arlington Heights. Its only entrance can be easily missed because it is hidden between a shopping plaza and a condominium complex. The circular Briarwo...
06/03/2008
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Most of us have learned today that the entire MLS database of home listings will now be shared with so called "on-line brokers". Is this really such a bad news for traditional brokers? I do not think so. After all, even under old rules most buyers are able to find the listings on the internet any...
05/28/2008
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Thanks to lower interest rates and competitive pricing (due to large inventory of properties for sale), more and more buyers realize that now they can afford homes they could only dream about just 3 or 5 years ago... Take a look at 303 S. Waterman Ave in Arlington Heights (map) This home really m...
04/19/2008