Local real estate news in Chicago

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Real Estate Broker/Owner - The Gramata Realty Group @properties - Available upon request
Real estate news, market information, podcasts, movies, featured property listings & trend and statistics for buyers, sellers, developers and investors of real estate in the Chicago area. Virtually all the news that's fit to post.
RECENT BLOG POSTS
Hello Everyone and Happy New Year!My market report for the 4th quarter of 2006 for single family, condos, townhomes and multi-unit residential properties in our mailing list sorted by zip code is available at http://www.chicagohomebuzz.com. It will show the huge increase in sales volume compared ...
01/11/2007
Here is a report just release by CNNMoney.com that shows the recent slight upward push in interest rates...first time in almost 2 months they've gone up:10:18 12/14/2006, CNNMoney.comMortgage rates turned slightly higher from mixed economic signals after reaching near their lowest level of the ye...
12/14/2006
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Here is a handy little trick for the tech geeks out thereThis came from the Illinois Asscoiation of Realtors:#1: You can have Outlook set up to view Web pages, making it easier than ever to multi-task! Click on VIEW in the menu bar and select TOOLBARS Make sure that WEB is checked. An address box...
12/13/2006
To all agents of Illinois, state legislation has just approved this mandate requiring Carbon Monoxide detectors in all Illinois residences beginning January 1. That goes for rental units as well.Here is the IAR blurb on the topic with a few links as well. Tell your clients to get them in now (if ...
11/29/2006
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This news release was sent from the Associated Press on the 'hint' (its always a hint) that the Fed would not be lowering their short term rates. Predictions were that they would either maintain current rates or possible reduce them next month. Looks like we're looking at steady as she goes for t...
11/28/2006
Are you familiar with the business model of Keller Williams? Are you intersted in hearing about it? It is a really interesting model which I think is great if you're independent minded, entrepenurial and are a good business manager. Do you like the idea of profit sharing? Do you like the idea of ...
11/28/2006
Has anyone actually used this program designed for first time homebuyers sponsored by the City of Chicago? I met a lender who has done a ton and he says they are for real. The city will give 4% of the loan back to first time buyers towards closing costs or points.Who has used it? Can I expect the...
11/28/2006
CNN news reported there was a big rate drop last night bringing the national average BELOW where we were a year ago. Today's average 30 year mortgage is at 6.18% versus 6.28%.Buying and borrowing has not been this good in a long time. It's about time!
11/22/2006
The Wall Street Journal interviewed national economists whopredicted a slight (2.8%) increase in home prices this year. They also on average predicted a 0.5% fall in home prices next year. That is a sharp contrast to the double digit growth we've experienced for the past several years.   2005 sho...
11/21/2006
This bit of news was just realeased by Crains: New condo sales down again in 3QSales of new condos and townhouses downtown fell 35% to 1,324 in the third quarter compared to the year-earlier period. Sales dropped 11.5% from the second quarter, the second straight quarterly decline, according to a...
11/18/2006
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Real estate news, market information, podcasts, movies, featured property listings, trends and statistics for buyers, sellers, developers and investors in the Chicago area. Virtually all the news that's fit to post. View Jim Gramata's profile on LinkedIn