The MG Group Blog

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Real Estate Broker/Owner - The MG Group
Real Estate advice and information from the #2 REALTOR® in Chicago.
RECENT BLOG POSTS
I’m beginning to understand how lawyers must feel. The news lately has been filled with negative stories about the residential real estate industry. I cringe when I read these because I know from firsthand experience that the vast majority of real estate agents practicing in Chicago are good, har...
08/19/2008
I like to keep up on any news surrounding the residential real estate industry, something that helps me serve my buyers and sellers better. Lately in my readings I’ve come across quite a few stories focusing on the growing number of people who have chosen to rent instead of buy a condo or single-...
08/19/2008
The Chicago Tribune last week ran a fascinating feature story about Trump International Hotel & Tower. It focused on how the 92-story building rising in Chicago’s River North neighborhood has managed to open its hotel while construction crews are still completing the condominium floors above it. ...
08/19/2008
I know how tempting it is: You can log onto Web sites such as www.Zillow.com or www.Cyberhomes.com, punch in your home’s address and instantly get an estimated value of how much your residence is worth. Problem is, these home-valuation sites, as popular as they may be, might not be entirely accur...
08/19/2008
There was no way to avoid the bad housing and financial news last week, at least not if you owned a radio. Every time I flipped on a radio news or talk show, I stumbled across one of two stories: The first dealt with the financial troubles of Freddie Mac and Fannie Mae, the two largest mortgage p...
08/19/2008
A new report by the American Bankers Association says that the number of borrowers who have fallen more than 30 days behind on their home equity lines of credit is now at the highest level in 11 years. Here’s more proof that we didn’t need that the economy today is a rough one. With the prices of...
08/19/2008
Purchasing a home can be an extremely time consuming and daunting process, especially for first time homeowners. There are an overwhelming number of variables that enter into the real estate equation, which can be exceedingly difficult to not only understand, but ensure you are getting the best d...
08/19/2008
Living in Chicago isn’t cheap. Our gas prices are among the highest in the nation. We pay a lot for milk, too. Housing prices, while not outrageous, are certainly not inexpensive. And now, Chicagoans will have the dubious distinction of paying the highest sales taxes in the nation. Chicago will s...
08/19/2008
Homebuyers often ask me a very similar question, "What features should I look for in my new home if I want to guarantee that the house I buy will appreciate over time?" Most buyers are thinking about updated kitchens, large master bedrooms and spacious bathrooms when they ask this question. But t...
08/19/2008
How many times have we read about some television or movie star selling his or her own home for an astronomical amount of money? "Cribs," featured on MTV, is an example of a television show that focused on the incredibly lavish and over-the-top real estate and amenities that many celebrities have...
08/19/2008
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Real Estate advice and information from the #2 REALTOR® in Chicago.