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How to Think Smart About
a Possible Recession

Feb 29, 2020

How to Think Smart About a Possible Recession

Recessions happen; that’s a guarantee. But when will a recession hit? That’s more of a guessing game. Despite the fact that the U.S. has experienced a record 126 consecutive months of growth, some people are nervous. But not William Strauss, the senior economist with the Federal Reserve Bank of Chicago. At a recent real estate market forecast event held at Roosevelt University last month, Strauss seemed skeptical that we’re on the precipice of recession. Strauss cautioned tha

Is Chicago a Major Player? An Also Ran? or Both?

Feb 23, 2020

Is Chicago a Major Player? An Also Ran? or Both?

Last month at the 18th annual Commercial Real Estate Forecast Conference, a panelist asked a very intriguing question: “Is Chicago, the Midwest’s biggest city, still a major player in the commercial real estate world? Or does the city instead live up to its nickname as a second city, a lesser cog in the world of investment and development?” The answer was complicated. Panelists agreed that Chicago faces challenges; however, it’s still an important destination for developers a

Multifamily Investors Getting
Active in Oak Park

Feb 22, 2020

Multifamily Investors Getting Active in Oak Park

Real estate investors are flocking to Oak Park, a so-called “Urban-Suburban” town. And with good reason. Mark Halper of Kaiser Group (and the author of the linked article) has closed 161units in the past eight months. New construction of multifamily rentals is running at a pace rarely seen in the suburbs, nearly matching rates seen in Chicago proper. In the fourth quarter of 2019, two-bedroom units in Oak Park were $2,517 per month and $1,898 for one-bedroom units. Oak Park h

Apartment Market Getting
Tighter in Chicago

Feb 16, 2020

Apartment Market Getting Tighter in Chicago

Downtown Chicago is growing, and the job market is doing fairly well. Uber Freight, Walgreens and Amazon are setting up shop in the Windy City creating new jobs. It’s a good time to be an apartment owner as the supply of good apartments dwindles and the demand continues to grow. In fact, average rents in the city have increased by more than 10 percent over the past two years as vacancy rates decline. For those Chicagoland residents who cannot afford apartments in Chicago prop

Chicago Gains Jobs While Rest
Of Illinois Suffers Setbacks

Feb 15, 2020

Chicago Gains Jobs While Rest Of Illinois Suffers Setbacks

If you live in Chicagoland, your job prospects since the Great Recession are pretty good. If you live elsewhere in Illinois? Good luck. During the recovery and up until today, the Chicago area is up 240,900 jobs from before the Great Recession while the rest of Illinois is still down 41,300 jobs. However, Chicago area job growth is weak compared to rates in Dallas/Arlington, Houston, Boston and almost every other major city. A 2018 analysis by Green Street Advisors says that

The Case for Renting

Feb 8, 2020

The Case for Renting

Owning one’s home has been a major part of the “American Dream.” But that’s changing. Many millennials face a tough housing question: “Do I rent or do I buy?” The current housing market is making the decision easier. Renting may seem like you’re “just throwing your money away,” but prospective homebuyers need to know about all the costs of buying and maintaining a property. First off, never buy a home if you plan to stay in it for fewer than 5 years. In some metro areas like

Amazon to Create 100’s of
Jobs at Old Racetrack Site

Feb 7, 2020

Amazon to Create 100’s of Jobs at Old Racetrack Site

Amazon has big plans for Chicago. The trillion-dollar behemoth plans to hire hundreds of employees for a massive distribution center on the site of the former Maywood Park racetrack. It will be Amazon’s largest distribution center near Chicago, less than 2 miles from the city limits. Amazon will soon begin hiring hundreds of people for full and part-time positions at a starting salary of $15/hour, providing a nice boost to Chicagoland’s economy. This new distribution center,

New Debates Rage over Mortgage Interest Deduction

Harold Willig

Oct 22, 2017

New Debates Rage over Mortgage Interest Deduction

Tight Housing Market: Bad News for Buyers

Harold Willig

Oct 7, 2017

Tight Housing Market: Bad News for Buyers

Wealthy Investors Opt for Real
Estate Instead of Hedge Funds

Harold Willig

Aug 20, 2017

Wealthy Investors Opt for Real Estate Instead of Hedge Funds

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