Buffalo Grove Real Estate

Buffalo Grove Real Estate Insights into the Buffalo Grove real estate market and the real estate industry operating there. Access to full service, discount realtors.
Full service real estate brokerage serving the Chicago and surrounding suburbs, offering discount commissions and buyer rebates. http://LucidRealty.com/ http://ChicagoNow.com/GettingReal
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Serving both Chicago and the Western suburbs of Chicago, Lucid Realty distances itself from traditional brokerages and provides a better value to the consumer: . It is a full service broker, . Offering substantial savings to both buyers and sellers, . Providing services by employees not independent contractors, . Working as a team instead of competing against one another, . With professionalism and high standards of customer service.

Here's Eddie's June update for Buffalo Grove, #BuffaloGroveRealEstate
07/07/2020
Buffalo Grove Real Estate Market Conditions - June 2020

Here's Eddie's June update for Buffalo Grove, #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - June 2020; Despite a significant decline in new listings, homes going under contract increased considerably.

What's the difference between a solid masonry house and a brick veneer house? Should you care? What did we learn from th...
07/04/2020
All Brick Homes Are Not Created Equal - Solid Masonry Vs. Brick Veneer

What's the difference between a solid masonry house and a brick veneer house? Should you care? What did we learn from the Three Little Pigs? #HomeConstruction

The vast majority of Chicago homebuyers don’t know that there are really two different types of brick homes. They see brick and…well…they think the home is made out of brick. It’s a little more complicated than that actually. There is brick veneer and then there’s solid...

The Case Shiller Chicago area home price index proves that you are better off owning a home just about anywhere else in ...
06/30/2020
Case Shiller: Chicago Area Home Price Appreciation Remains Slowest In Nation

The Case Shiller Chicago area home price index proves that you are better off owning a home just about anywhere else in the country. #CaseShiller #ChicagoHomePrices #HomePrices

Another month has come and gone and once again Chicago area annual home price appreciation is the slowest among the 20 largest metro areas. This is according to the April Case Shiller home price indices released this morning by S&P CoreLogic. The graph below puts it in perspective. Chicago area....

Oh, the humanity! LucidRealtyRebates.com
06/24/2020

Oh, the humanity! LucidRealtyRebates.com

Oh, the humanity! LucidRealtyRebates.com

During the Covid-19 pandemic the government has placed a moratorium on foreclosures, essentially resulting in an elimina...
06/22/2020
Pandemic Foreclosure Moratorium Depresses Activity For Second Month

During the Covid-19 pandemic the government has placed a moratorium on foreclosures, essentially resulting in an elimination of normal foreclosure activity. When this is lifted it will likely result in a huge spike of foreclosures. #Foreclosures #ChicagoForeclosures

A couple of weeks ago ATTOM Data Solutions released their May 2020 US Foreclosure Market Report and updated the RealtyTrac data. Once again it reflects the outsized impact of the government’s mandated moratorium on foreclosures during the Covid-19 pandemic. At this point the data is almost mea...

The buyers of this home received more than a $23,000 rebate!...because that's what we do. www.LucidRealty.com #Commissio...
06/16/2020

The buyers of this home received more than a $23,000 rebate!...because that's what we do. www.LucidRealty.com #CommissionRebate #DiscountRealtor #ChicagoRealEstate #DiscountCommissions

The buyers of this home received more than a $23,000 rebate!...because that's what we do. www.LucidRealty.com #CommissionRebate #DiscountRealtor #ChicagoRealEstate #DiscountCommissions

Here's Eddie's May market update for Buffalo Grove. #BuffaloGroveRealEstateMarket
06/06/2020
Buffalo Grove Real Estate Market Conditions - May 2020

Here's Eddie's May market update for Buffalo Grove. #BuffaloGroveRealEstateMarket

Buffalo Grove Real Estate Market Conditions - May 2020; The Buffalo Grove real estate market is proving to be very resilient.

The outlook for US home prices is worse than last quarter with Covid 19 factored in. The outlook for the Chicago area is...
06/05/2020
Surprise! Real Estate Experts Turn Negative On Home Price Outlook

The outlook for US home prices is worse than last quarter with Covid 19 factored in. The outlook for the Chicago area is also bleak. #RealEstate #ChicagoRealEstate #Coronavirus #HomePrices

Each quarter Zillow and Pulsenomics conduct a survey of a little over 100 real estate experts to find out what their outlook is for US home prices and other real estate trends. Well, yesterday they published the results of their 2nd quarter 2020 Home Price Expectations Survey and the results were ve...

The NAR threatened the existence of pocket listings when they passed their Clear Cooperation Policy. Now a lawsuit hopes...
06/02/2020
Can A Lawsuit Preserve The Super Secret Pocket Listing?

The NAR threatened the existence of pocket listings when they passed their Clear Cooperation Policy. Now a lawsuit hopes to overturn the rule by claiming that it’s anti-competitive. #PocketListings #ComingSoon #OffMarketListings #PrivateListings #RealEstateAgents

Back in November I wrote about how the National Association of Realtors’ new Clear Cooperation Policy was going to finally crack down on the shady pocket listing practice and the super secret realtor networks that enabled them. As my use of adjectives and that previous post hints I’m cle...

While the Case Shiller Chicago area home price index did just show a big improvement it still sucks relative to the rest...
05/26/2020
Case Shiller: Chicago Home Prices...Good News, Bad News

While the Case Shiller Chicago area home price index did just show a big improvement it still sucks relative to the rest of the country. #CaseShiller #ChicagoHomePrices #HomePrices

I may as well start with the good news. This morning S&P Dow Jones Indices released the March CoreLogic Case-Shiller Chicago area index of home prices and it shows single family home and condo/ townhome prices rising over the last year by the largest percentages in 8 months. If you look closely....

The effects of the Covid-19 pandemic are rippling through the economy and the very social fabric of the nation in intere...
05/23/2020
Covid-19 Driving Delinquencies, Urban Emigration, And Bidding Wars?

The effects of the Covid-19 pandemic are rippling through the economy and the very social fabric of the nation in interesting ways. #Foreclosures #ChicagoForeclosures #Coronavirus #ChicagoRealEstate

It’s hard to imagine anything more disruptive than this damn pandemic. In just a few weeks it’s turned the world upside down, forcing millions into immediate and severe financial distress and creating new challenges for home sellers and buyers. Do you want to have strangers walking aroun...

Here's Eddie's monthly update for Buffalo Grove. #BuffaloGroveRealEstate
05/11/2020
Buffalo Grove Real Estate Conditions - April 2020

Here's Eddie's monthly update for Buffalo Grove. #BuffaloGroveRealEstate

Buffalo Grove Real Estate Conditions - April 2020; The Buffalo Grove real estate market activity had some predictable outcomes with significant declines.

The Case Shiller Chicago area home price index continues to relegate us to last place among 20 metro areas for annual ap...
04/28/2020
Case Shiller: Chicago Area Home Prices Fall Further Behind Rest Of Nation

The Case Shiller Chicago area home price index continues to relegate us to last place among 20 metro areas for annual appreciation. Sad. #CaseShiller #ChicagoHomePrices #HomePrices

S&P Dow Jones released the February CoreLogic Case-Shiller home price indices this morning for the Chicago area and 19 other major metro areas. Of course, this reflects the real estate market pre-Covid 19 but the indices showed decent year over year home price appreciation of 4.2% for the nation...

COMING SOON - Beautifully updated, bright and open 4 bedroom, 3 full bathroom family home in District 96 and Stevenson H...
04/24/2020
894 Newport Court, Buffalo Grove, IL 60089

COMING SOON - Beautifully updated, bright and open 4 bedroom, 3 full bathroom family home in District 96 and Stevenson High School District. From the moment you step inside this wonderful home, you will appreciate the attention to detail and highly functional flow. The main level features gleaming hardwood floors with a large kitchen with custom granite countertops, 42″ cherry cabinets, tile backsplash, and high-end stainless appliances. Adjacent to the kitchen is the spacious dining room and living room, both with abundant natural light from the professionally landscaped backyard. On the lower level is the massive family room, also with a hardwood floor, with a gas fireplace with driftwood stone hearth, recessed lighting and a wall of windows to the backyard; there is also an updated full bathroom on this level. The basement is another enormous living area with brand new carpeting and tons of storage. Four spacious bedrooms upstairs including a master suite; all four bedrooms are equipped with California Closets and ceiling fans. There is a 3rd full bathroom upstairs and a separate laundry room with new washer and dryer. Recent updates include – roof and siding (2017), fence and landscaping (2016), brick paver patio (2014), all new windows (2010), washer & dryer (2018), hardwood floors refinished (2020), new carpeting (2020), freshly painted (2019), and a regularly maintained in-ground sprinkler system. All you need to do is move in! Conveniently located near parks, forest preserve, restaurants, and shopping. Easy drive to 53/355/90 and Metra lines. District 96 and Stevenson High School. The seller is providing the buyer with a 13 month home warranty. This one is a must see! - 894 Newport Ct - $389,850

894 Newport Court, Buffalo Grove, IL 60089; Beautifully Updated, Bright & Open, 4 Bedroom, 3 Bathroom Home Located On A Buffalo Grove Corner Lot - $389,850

Just a few weeks ago real estate experts were pretty optimistic about US home prices. A lot has happened since then and ...
04/16/2020
The Outlook For US And Chicago Area Home Prices

Just a few weeks ago real estate experts were pretty optimistic about US home prices. A lot has happened since then and now Chicago area home prices are likely to fall. #RealEstate #ChicagoRealEstate #Coronavirus

In mid-March Pulsenomics and Zillow published the results of their 1st Quarter 2020 Home Price Expectations survey of over 100 real estate experts. I’m assuming that the data was gathered prior to the beginning of March when we still only had a handful of coronavirus cases in the US and nobody...

Check out Eddie's March real estate market update for Buffalo Grove. #BuffaloGroveRealEstate
04/06/2020
Buffalo Grove Real Estate Market Conditions - March 2020

Check out Eddie's March real estate market update for Buffalo Grove. #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - March 2020; The 1st quarter of 2020 had significant increases in closings for condos and single family homes.

The Case Shiller Chicago area home price index posted the slowest price appreciation among top metro areas and condo pri...
03/31/2020
Case Shiller: Chicago Area Condo Prices Fall For First Time In 7+ Years

The Case Shiller Chicago area home price index posted the slowest price appreciation among top metro areas and condo prices actually fell. #CaseShiller #ChicagoHomePrices #HomePrices

We got the updated S&P Dow Jones CoreLogic Case Shiller Chicago area home price indices this morning along with the indices for 19 other top metro areas and averages. Keep in mind that this data is for the 3 months ending in January so there is no effect from the coronavirus scourge reflected ye...

Bernie Sanders has some grandiose plans for housing. The only problem is that it would cost a ton of money and destroy t...
03/05/2020
Bernie Sanders' Fairyland Housing Plan

Bernie Sanders has some grandiose plans for housing. The only problem is that it would cost a ton of money and destroy the real estate market. #RealEstate #AffordableHousing #Bernie2020 #BernieSanders

Over the past few weeks Fareed Zakaria* has given his take on Bernie Sanders’ “Magical Thinking On Climate Change” and his “Scandinavian Fantasy”. This has inspired me to take a look at Bernie’s Fairyland Housing Plan. Now, believe it or not I do try to avoid gett...

You can’t make this stuff up. 11 years ago this obscene home with a bizarre history was listed at $25 MM. Now they are h...
03/02/2020
$25 MM Villa Taj Mansion In Burr Ridge Now On Sale For Only $5 MM

You can’t make this stuff up. 11 years ago this obscene home with a bizarre history was listed at $25 MM. Now they are hoping they can get $5 MM #RealEstate #ExpensiveHomes #BurrRidge #BurrRidgeRealEstate

It’s probably a stretch to call the intensely weird home in Burr Ridge, known alternately as Villa Taj and Palace Royale, a $25 MM mansion but that’s what it was initially listed for. And after 11 years – yes, that’s almost how long it’s been on and off the market ̵...

One of the drivers of lower home sales is the fact that people are probably staying in their homes twice as long as they...
02/11/2020
Homeowners Staying In Their Homes A Lot Longer Than They Used To

One of the drivers of lower home sales is the fact that people are probably staying in their homes twice as long as they used to. #RealEstate #HomeOwnership #Moving

The real estate industry has a lot at stake when it comes to how long people stay in their homes. The average tenure of homeownership directly drives transaction volume. An average tenure of 5 years would result in 20% annual turnover of the housing stock while a 10 year tenure would produce 10% tur...

Discount Chicago real estate broker: Lucid Realty
02/08/2020

Discount Chicago real estate broker: Lucid Realty

#DiscountRealtor #CommissionRebates

Waterproofing a basement with walls made out of brick, block, or stone poses a unique set of challenges compared to conc...
02/04/2020
Waterproofing A Brick, Block, Or Stone Basement

Waterproofing a basement with walls made out of brick, block, or stone poses a unique set of challenges compared to concrete walls. #HomeMaintenance #Basements #HomeRepair #WaterLeaks

About a month ago I posted on how to fix a water leak in a basement with concrete walls. However, older basements might be built using bricks, cinder blocks, or even stones and when those leak it requires a totally different strategy to waterproof them. For instance, because you have separate pieces...

The Case Shiller home price indices now show the Chicago area seriously lagging the rest of the country and last place a...
01/28/2020
Case Shiller: Chicago Area Falls To Last Place In Home Price Growth

The Case Shiller home price indices now show the Chicago area seriously lagging the rest of the country and last place among 20 metro areas. #CaseShiller #ChicagoHomePrices #HomePrices

The November home price data released by S&P Dow Jones CoreLogic this morning actually showed a pickup in the nation’s year over year home price appreciation. Yet, the Case Shiller Chicago area home price data somehow managed to get worse. For the nation as a whole single family home price...

Discount Chicago real estate broker: Lucid Realty
01/17/2020

Discount Chicago real estate broker: Lucid Realty

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Check out Eddie's Buffalo Grove Real Estate Market Update for December. #BuffaloGroveRealEstate
01/06/2020
Buffalo Grove Real Estate Market Conditions - December 2019

Check out Eddie's Buffalo Grove Real Estate Market Update for December. #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - December 2019; Home sales rallied in the second half of the year, exceeding 2018's home sales..

Fixing a basement water leak isn't really that hard and is actually quite interesting. Most of the work is in removing t...
01/03/2020
Home Maintenance: Fixing Basement Water Leaks

Fixing a basement water leak isn't really that hard and is actually quite interesting. Most of the work is in removing the wall and putting it back. #HomeMaintenance #Basements #HomeRepair #WaterLeaks

Within a year or so of buying our house I noticed a 2 foot section of baseboard slightly discolored and swelling up in the basement. Few people would have even noticed it but I’m obsessive about water getting into the house and I knew that this was a sure sign of a basement water leak....

Home price appreciation in the Chicago area continues to lag the rest of the nation with 18 out of the other 19 top metr...
12/31/2019
Case Shiller: Chicago Area Home Price Growth Continues To Lag Nation

Home price appreciation in the Chicago area continues to lag the rest of the nation with 18 out of the other 19 top metro areas experiencing faster growth. #CaseShiller #ChicagoHomePrices #HomePrices

It looks like we get to end 2019 with another relatively sad note for the Chicago area real estate market. S&P Dow Jones CoreLogic released their October home price data this morning and the Case Shiller Chicago index was pretty pathetic, which really wasn’t much of a surprise given how th...

Chicago area home prices are expected to continue lagging the rest of the country for the next 5 years. #ChicagoHomePric...
12/24/2019
US Home Prices To Grow 2.9%. Chicago Area...Not So Much

Chicago area home prices are expected to continue lagging the rest of the country for the next 5 years. #ChicagoHomePrices #HomePrices #HomePriceForecast #Pulsenomics

Last week Zillow and Pulsenomics released their 4th quarter home price expectations survey based upon input from over 100 real estate experts. With this release they’ve tacked on another year – 2024. You can see the summary in the graph below. For the 5 years ending in 2023 their cumulat...

How do you compare different mortgage options with different rates and different up front costs? It can be done but not ...
12/12/2019
Understanding The True Value Of A Lower Mortgage Rate

How do you compare different mortgage options with different rates and different up front costs? It can be done but not easily. #MortgageRates #Mortgages

A couple of weeks ago I published a guest post on using APR to shop for a mortgage. In short…it gets complicated. One of the more challenging aspects of analyzing different mortgage options is figuring out the tradeoff between the up front fees and the mortgage rate. In other words…are y...

We knew Chicago area home prices were growing slower than most of the largest cities but they're even growing slower tha...
12/05/2019
Chicago Area Home Price Growth Ranks 95th Out Of 100 Top Metro Areas

We knew Chicago area home prices were growing slower than most of the largest cities but they're even growing slower than most of the smaller cities. #CaseShiller #ChicagoHomePrices #HomePrices

Just last week I provided my monthly update on Chicago area home prices based on the Case Shiller index. As I pointed out Chicago hit a 7 year low in annual home price appreciation, slipping to second from the bottom of the 20 metro areas tracked in terms of this measure. However, someone from the.....

The Case Shiller Chicago area home price index shows appreciation screeching to a halt and lagging most of the rest of t...
11/26/2019
Case Shiller: Chicago Area Home Price Growth Hits 7 Year Low

The Case Shiller Chicago area home price index shows appreciation screeching to a halt and lagging most of the rest of the country. #CaseShiller #ChicagoHomePrices #HomePrices

Closely check out the graph below of year over year home price changes according to the Case Shiller Chicago area index and you’ll see how scary it’s getting here. This morning’s release from S&P Dow Jones CoreLogic of the September data painted a pretty bleak picture for the a...

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Hot off the press, your monthly #BuffaloGroveRealEstate update.