Sunday, December 28, 2008

Want to Know What's Happening in Chicago Real Estate?

Here's an easy-to-follow visual for you -- a three-year overview of listings and sales for Chicago properties November 28-December 4, 2006-2007-2008.

Chicagoland Area

More condos were listed and sold than any other type of property. Median condo sale prices rose 11% in 2007 over 2006 (wow!). But they dipped about 6% for 2008 compared to 2007 (sigh...).

Saturday, December 20, 2008

Five Great Things About Chicago


'Tis the season to reflect and, if we can, be grateful for what we have. Here are five things that make me happy about being in Chicago:

1) My home. I've lived at City View Condominiums in Streeterville for five years (six years as of January 17). I love my neighborhood, my building, my 500 square feet of quiet and comfortable living space. They'll have to carry me out feet first -- that's the only way I'm leaving!
2) Blommer Chocolate Company. This wonderful facility is perched at the corner of Kinzie, Des Plaines and Milwaukee. Thanks to Blommer, Chicago often smells like a giant hot fudge sundae. And there's no such thing as bad chocolate. Period. The day I discovered they had an outlet store was the day I had to upsize my wardrobe. lol
3) The CTA. Seriously! How many other modes of transportation can take you from downtown to O'Hare for just $2.00-$2.25 each way? Just slide your money into the big silver machine and you're off on your next adventure.
4) Stanley's Fruit Market at 1558 N Elston Ave. This place has to be one of the sweetest deals on the north side of Chicago. Five dollars will buy you 3-4 days' worth of grapes, canatloupe, sweet potatoes, kiwi and cilantro. You can also stock up on Intelligentsia Coffee beans. Such a deal!
5) BARACK OBAMA!!!

How about you? I invite you to click on the Comments link below, and list the things that make your life better or happier or worth living. Big things, small things, whatever feeds your soul. Share your list, and share your joy. 'Tis the season!

Friday, December 19, 2008

Thinking of buying yourself a home for the holidays?

If this isn't enough to persuade on-the-fence buyers to make the leap.....

Mortgage Rates Plunge to Record Lows


In response to the Federal Reserve's cut in the federal funds rate to near zero, Freddie Mac reports that the 30-year fixed mortgage rate fell to 5.17 percent during the week ended Dec. 18--down from 5.47 percent last week and the lowest since the survey's inception in 1971.

Interest on 15-year fixed loans slipped to 4.92 percent from 5.20 percent.

Meanwhile, the five-year hybrid adjustable mortgage rate dropped to 5.6 percent from 5.82 percent; and the one-year ARM dipped to 4.94 percent from 5.09 percent.

A year ago, the 30-year fixed rate stood at 6.14 percent, the 15-year fixed rate at 5.79 percent, the five-year hybrid ARM at 5.9 percent, and the one-year ARM at 5.51 percent.
Source: The Wall Street Journal, Steve Kerch (12/19/08)

Friday, December 12, 2008

Meet Ben: He's not just a banker!

This is Ben Weber. If you follow classical music in Chicago, you may recognize Ben as a member of the Civic Orchestra of Chicago, a 90-member training orchestra comprised of Chicago Symphony Orchestra students and recent graduates. Music is Ben's passion; the viola is his vehicle.

Ben is a Chicago-area native. He grew up in Albany Park and Oak Park. After receiving his Master's of Music in Viola Performance from Eastman School of Music, which is part of the University of Rochester in New York, Ben weighed his musical options: the New World Symphony in Miami; the Civic Orchestra in his hometown of Chicago, or perhaps a position with a symphony orchestra in Mexico? Each option had its unique advantages.

Ben decided to return home and join the 90-member Civic Orchestra of Chicago. His position allows him to study and perform regularly, with sights set on one day joining the CSO. Ben occasionally also performs in chamber music groups around Chicago. Every once in a while he also picks up a guitar or a fiddle. A few years ago he stepped completely outside the classical box and performed with a rock band at the legendary Double Door in Wicker Park!

Ben's other occupation makes a striking counter-balance. He works 20-25 hours each week as a teller for Chase's Streeterville branch. The bank gig allows Ben to focus on something else when he needs a break from music. And of course, banking affords Ben some financial stability while he pursues his dreams.

Ben's performance schedule is pretty full over the next few weeks. You can spend New Year's Eve with him and the New Philharmonic at the McAninch Arts Center, College of DuPage. Or send Ben an e-mail for additional details on his upcoming appearances: weber.viola@gmail.com

Saturday, December 6, 2008

Pretty. Nice. Pretty nice!


No matter the time of year, I love to be in City Scents!

This lovely shop at 209 E. Ohio in Streeterville, is a sort of floral Disneyland for grown-ups. They sell flowers, yes. But City Scents is so much more than that. The service and the displays are top-quality year 'round. But this season? Oh my! Vivid vignettes in scarlet, winter white (note that lovely arrangement above), hot pink and lime green.

Plan on spending at least a half-hour wandering through the wonderful-ness. Plan, too, on being met by one of the most responsive staffs you will ever encounter. They are the perfect blend of helpful, creative and attentive. Whatever your decor needs, the City Scents staff will gather it, gently assemble it, carefully wrap it and hand it to you with a smile.

Happy Holidays!