Q: What are the biggest issues facing sellers right now?
A: Some Chicago neighborhoods are seeing a bit of an easing on price increases. It’s not quite a buyer’s market just yet, but I see the price inflation slowing down. At the en...
Q: What is the state of the general real estate market in Chicago?
A: In general, in 2016 we saw home prices appreciate to at, or at least near, 2006 levels. Things are pretty much at or near the peak in most neighborhoods in Chicago. To be ...
Q: What do you think is the key for buying and owning rental property?
A: A lot of the money is made when you buy, short term and long term, because your return on investment is literally a direct reflection of the rent you’re collecti...
Q: What’s happening in the Chicago market right now? Any interesting trends?
A: In the hottest neighborhoods like the West Loop, Logan Square and Andersonville, we’re dealing with really low inventory. When you see a property availab...
Q: I’m hearing from people that now may be a good time to sell. Why would that be?
A: “One reason is that for last five years, housing prices continue to increase. And if you were to look at increases in year-over-year basis, the big...
Q: Why is the West Loop so hot right now?
A: The West Loop is hot for many reasons:
1. Restaurants/bars — It seems that there is a new bar or restaurant popping up on Randolph Street every week. It is one of the hottest locations fo...
Q: How have sites like Zillow, Trulia and Realtor.com changedthe relationship between buyers and their real estate broker?
A: The role of a real estate agent has changed quite a bit in recent years. Before, property listings and details were o...
1.) I think there are a lot of people out there who got hurt back in the real estate crash who think they can no longer qualify to buy a home and take advantage of the new, more affordable home prices.
Did you know that you can qualify for a ...
You just moved into your new office in Logan Square, a neighborhood everyone seems to be talking about these days. What is it about Logan Square that makes it the next hot area in Chicago?
Domain Realty's Adam Wavrunek: I can still reme...
By Trent Modglin
Q: Are you seeing increased interest in people looking to get involved in investment property?
A: We’re seeing a lot of interest from buyers in a few different ways.
We’re seeing some owner-occupant buyers who desire a...