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Chicagoland real estate purchases, real estate sales, short sales, foreclosures, first-time buyer
representation, Illinois condominium association representation, estate planning for everyone, powers of attorney, quit claim
deeds and more...
This office serves clients in real estate transactions of all types. I
also assist clients with estate planning for everyone, including the GLBT community, and represent Illinois condominium associations
as needed. I work with clients in Chicago and all over the Chicagoland area, including Wilmette, Skokie, Morton Grove, Plainfield,
Wheaton, Glencoe, Lake Forest, Naperville, Oak Park, Winnetka, Des Plaines, Orland Park, Berwyn, Carol Stream, Arlington Heights,
Crystal Lake, Barrington, Palatine, Park Ridge, South Holland, Park Forest and more.
My goal is to give each and every client personal, friendly and competent service at a
reasonable price.
My legal background includes working for a major Chicago developer and working for a boutique
firm in their real estate division. I am also a licensed Illinois real estate broker and a landlord of a three flat building
in Rogers Park.
I work with all different types of clients, including first-time buyers, buyers
of second (or third!) homes, all sellers and the gay, lesbian and transgender community.
My real estate blog
is below. Please make sure to check back on a regular basis to check out what's new. I update my blog about once a week. 7527
N. Seeley Avenue, Suite 1, Chicago, IL 60645
www.chicagolandrealestatelaw.com
lawgoddess1@gmail.com
773.818.9054
office/cell
866.381.4238 efax
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Monday, July 14, 2008
5 Interesting Facts about the Illinois Housing MarketThe July Issue of Illinois Realtor Magazine had an interesting article outlining five facts about the
Illinois Housing Market that I thought was worth posting:
1) There is no "National" real estate market.
Just like there's not a national weather forecast, local housing market conditions vary from place to place.
2) Illinois home values are stable. From 2004 to 2007, the average price of a home increased from $184,900 to $204,000.
In the Chicagoland area, the median price increased 13.9 percent from $223,000 to $254,000. Real estate remains the single
best investment over the long term providing wealth accumulation for those who own their property for at least 6-10 years.
3) Owning a home is a good investment! The average renter's net worth is only about $4,600 while the average homeowner's
net worth is about $171,000. Real estate has delivered the most consistent positive return over any other investment in the
last 40 years.
4) Mortgages are still available at historic lows.
5) Now is a good time to buy. Conditions
for buyers are ideal with large inventories, low rates and great pricing.
10:45 am cdt
Thursday, July 10, 2008
Illinois Foreclosure Filings are DownCrain's Chicago Business is reporting that Illinois foreclosure filings are down by 16% from
May to June. Illinois has the 13th highest foreclosure rate in the United States. But the worst is not over yet. Rates are
climbing and there are many ARM mortgages that are set to adjust in the next 1-2 years, which means that there will still
be more to come. Nevada had the highest foreclosure rate for the month of June, with one filing per every 122 households,
followed by, not surprisingly, Arizona and California. The U.S. average foreclosure rate is one per 501 households. Illinois
is at one filing per 637 households.
4:08 pm cdt
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