The MG Group Blog

If you’re debating whether it’s time to become a homeowner, you should know one thing: Housing is currently a great value in the city of Chicago. Housing prices are dipping across the city, including in some of its top neighborhoods. This means that buyers today can buy more home for their dollar...

Click here to view footage of 33 W. Ontario #43B, featured on NBC last Sunday morning. This 1900 square foot, 3 bed/2.5 bathroom condominium is located in the Loop and features incredible wrap-around city and lake views from every room with ultra high-end finishes. The building itself boasts num...

The trend has been brewing for a while now. You’ve probably heard the complaints from municipal officials and neighborhood residents about newly built homes that are just too large, that have backyards that take hours to mow, oversized open rooms that their owners never even use and enough living...

After weeks of talk and speculation, the U.S. House of Representatives last week finally proposed a bill to help stimulate the country’s housing market. Here’s hoping that the measure has more of an impact than we’ve seen so far from the previously passed $700 billion federal bailout program. The...

The national credit crisis – lenders tightening their standards so severely that it’s a struggle for anyone to qualify for financing -- has certainly slowed any possible recovery of Chicago’s housing market. If you need more proof of this, just check out this story in Crain’s Chicago Business. Tw...

The Chicago Tribune has been running a series of outstanding feature stories focusing on Chicago’s history of segregation. You can read the latest of these stories here. The main point, though, is a sad one: Chicago is known as one of the most segregated cities in the country, with different race...

It wasn’t the happiest of holiday seasons for retailers this year. And no wonder: With home prices and sales continuing to fall across the country, few people were in the mood to spend big on their holiday gifts this December. It shows once again just how important the home-selling business is to...

There was a time when it looked like home remodeling was going to replace baseball as our country’s national pastime. The remodeling craze has since cooled down a bit, but this doesn’t mean that homeowners have totally abandoned the home-improvement craze, especially if they’re thinking of sellin...

There was a time – not too long ago, actually – when every developer wanted to build a condo tower in downtown Chicago. And why not? During the residential housing boom, developers were able to sell the condos quickly, and for prices that rose as high as the towers themselves. Remember the heady ...

There’s a big difference between buying into the stock market and purchasing residential real estate: Not only is a house a good long-term investment, it’s a place to live. This is something that many people seem to have forgotten as they worry about whether or not they will “lose money” by purch...