Lessons learned from 13 years of owning a single family home
Tuesday, April 30
Last week I sold an investment property I’ve owned since 2011, and boy have I learned a lot from this one. Long post below about some (probably not even all!) of the lessons.I bought it with intent to flip it, and of course when I closed on the purchase, the numbers all worked. The renovation wen...
November 2023 Housing Market update (Chicago Southland Homes)
Friday, November 10
November 2023 Housing Market Update Supply (New Listings and Homes for Sale) – record lows and falling - There were 10% fewer homes listed this October compared to last, the fewest in any October on record.- There are 27% fewer homes for sale than there were last October. - Fun fact: In no month ...
October 2023 Housing Market Update (Chicago Southland Homes)
Friday, October 13
October 2023 Housing Market Update Supply (New Listings and Homes for Sale) – record lows, contradicting seasonal norms There were 19% fewer homes listed this September compared to last, the fewest in any September on record.There are 31% fewer homes for sale than there were at this time last yea...
November 2022 Housing Market update (Chicago Southland Homes)
Wednesday, November 23
Supply (New Listings and Homes for Sale)- New listings down 21% compared to October 2021, the fewest new October listings since 2011.- 16.8% fewer homes for sale than October 2021 and by far the lowest October on record.- There are fewer than half the number of homes for sale t...
Conventional Wisdom: Overturned (Seasonality)
Tuesday, January 21
As conventional real estate wisdom has it, sellers should “wait until spring to list your house because there are no buyers during the winter.” Perhaps that was true at one time. If it was, it is no longer. Realtor.com just released a survey of winter buyers that was conducted last month and wh...