Silver Lining

The subprime loan crisis isn't bad news for everybody -- particularly buyers. The New York Times has an interesting article on house auctions (click on the title to read).

In the same paper, Paul Krugman's take on the Fed's coping plan has gotten a lot of attention.

Trump This

Chicago Real Estate Daily is reporting on a lawsuit filed against Donald Trump by a couple whose "friends-and-family" contract was declared null and void by the developer. We'll see what the courts say!

(Photo by Stephen J. Serio)

Chicago #2 in FSBO Sales

"The Real Estate Bloggers" are reporting today that Chicago is "Second City" -- behind only New York -- when it comes to people selling their homes without an agent. What they don't say is how much better both seller and buyer could have done with the right professional assistance, ha ha ! Here is the complete list:

1. New York, N.Y. (12.7 percent)
2. Chicago (5.1 percent)
3. Washington, D.C. (3.2 percent)
4. Miami (2.6 percent)
5. Los Angeles (2.3 percent)
6. Norfolk, Va. (2.1 percent)
7. Atlanta (2.0 percent)
8. Salt Lake City (1.8 percent)
9. Dallas (1.7 percent)
10. Tampa, Fla. (1.6 percent)

Weekend Shopping

When it comes to cell phones, I am a big fan of the hands-free headset. As with most technology, however, the market moves faster than the average shopper. Fortunately, "Slate" has an informative piece that will help you find your next earpiece. Check it out!

Age and Real Estate: The Young, the Old, and the Restless

Check out this great story on Generation Y (also known to some of us more mature types as Generation Why?) and their relationship to real estate.

http://www.realtor.org/rmomag.nsf/pages/Feat1200710?OpenDocument

On the other end of the scale, some sage advice for those contemplating a move in their 70s and beyond: to rent or to buy? That is the question.

http://rismedia.com/wp/2007-10-03/real-estate-in-your-70s-to-buy-a-home-or-rent/

Whatever your age, have a great weekend!

Property Taxes Are Coming Due!!

Don't be caught by surprise when that tax bill arrives! Cook County Residences can expect theirs in the near future. For more information from the county click on the link above. Past and future customers can also contact our offices with any further questions.

Real Estate Psychology: What are Buyers Thinking?

This is a very informative essay for people who are buying OR selling a home. Clear, concise, and interesting: what more can you ask for on a Monday morning?