Courtesy of the Chicago Tribune
http://www.chicagotribune.com/business/breaking/chi-chicagoarea-home-prices-rise-for-first-time-in-9-months-20110726,0,1108324.story
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 2250
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com/
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
Tuesday, July 26, 2011
Friday, July 22, 2011
Do I Need an Attorney to Handle a Real Estate Transaction?
Do I Need an Attorney to Handle a Real Estate Transaction?
The real estate agent will handle the negotiation over the price however they are under no obligation to protect your legal interests in the transaction. Because of that, in the Chicago area, Buyers and Sellers almost always hire an Attorney to represent them. With such a big purchase or sale, the small fee an Attorney will charge (around $500) is well worth it.
Attorney Bradford Miller at Bradford Miller Law, P.C. works on real estate transactions every day. From investors to first time home buyers, he works with everyone and will provide excellent service. Click here to see testimonials from Realtors and Clients: http://www.bradfordmillerlaw.com/Testimonials.shtml
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 2250
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com/
Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
The real estate agent will handle the negotiation over the price however they are under no obligation to protect your legal interests in the transaction. Because of that, in the Chicago area, Buyers and Sellers almost always hire an Attorney to represent them. With such a big purchase or sale, the small fee an Attorney will charge (around $500) is well worth it.
Attorney Bradford Miller at Bradford Miller Law, P.C. works on real estate transactions every day. From investors to first time home buyers, he works with everyone and will provide excellent service. Click here to see testimonials from Realtors and Clients: http://www.bradfordmillerlaw.com/Testimonials.shtml
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 2250
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com/
Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
Wednesday, July 13, 2011
City of Chicago Housing Data
Illinois Association of REALTORS® Statement Regarding City of Chicago Housing Data
SPRINGFIELD, Ill.—SPRINGFIELD, Ill.—The Illinois Association of REALTORS® (IAR) is investigating a technical error related to inconsistent data reporting affecting sales volume and media price reports for the city of Chicago. This error has resulted in inaccurate median price and sales volume reports for single-family homes and condominiums, in the city, possibly dating back to 2008 when IAR first began reporting city data at the request of the Chicago Association of REALTORS®.
This unintentional technical error relates only to city of Chicago housing data; county and statewide reports were not affected by the error and their accuracy is not in question.
This error was brought to our attention by a media inquiry, and we are currently investigating the matter with the Chicago Association of REALTOR® and Midwest Real Estate Data LLC to determine how this happened. The one thing we do know is that this was an error and in no way intentional. But whatever the cause, this is absolutely unacceptable to us and we will take whatever action is required to fix the problem or take other actions to ensure public confidence in our market reports.
We regret any confusion in the marketplace that may have occurred due to this situation. We recognize that consumers have certainly been challenged to understand this market and our member REALTORS® are working hard every day to communicate the challenges of the marketplace to their clients.
The IAR has been reporting accurate home sales and median price data since 1990 both on a statewide basis and for the nine-county Chicagoland PMSA region (Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties).
In February 2008, IAR also began reporting city of Chicago home sales data in partnership with the Chicago Association of REALTORS®. We are trying to determine where there may have been flaws in how this information was entered and processed, and if the problem dates back to the inclusion of Chicago data in early 2008.
Again, we emphasize that the error is isolated to the city of Chicago data and the Illinois Association of REALTORS® continues to investigate this matter with our local board and MLS partners to ensure accuracy in the city data.
Housing data and trends reported on a statewide basis and for the Chicagoland PMSA remain an accurate reflection of Illinois housing market data and trends.
Data and market forecasts prepared by the University of Illinois Regional Economics Applications Laboratory (REAL), which have been issued since 2008, are not affected by the error.
The Illinois Association of REALTORS® is a voluntary trade association whose 44,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation that safeguards and advances the interest of real property ownership
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
321 N. Clark Street, Suite 500
Chicago, IL 60654
312-238-9298
http://www.bradfordmillerlaw.com/
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
SPRINGFIELD, Ill.—SPRINGFIELD, Ill.—The Illinois Association of REALTORS® (IAR) is investigating a technical error related to inconsistent data reporting affecting sales volume and media price reports for the city of Chicago. This error has resulted in inaccurate median price and sales volume reports for single-family homes and condominiums, in the city, possibly dating back to 2008 when IAR first began reporting city data at the request of the Chicago Association of REALTORS®.
This unintentional technical error relates only to city of Chicago housing data; county and statewide reports were not affected by the error and their accuracy is not in question.
This error was brought to our attention by a media inquiry, and we are currently investigating the matter with the Chicago Association of REALTOR® and Midwest Real Estate Data LLC to determine how this happened. The one thing we do know is that this was an error and in no way intentional. But whatever the cause, this is absolutely unacceptable to us and we will take whatever action is required to fix the problem or take other actions to ensure public confidence in our market reports.
We regret any confusion in the marketplace that may have occurred due to this situation. We recognize that consumers have certainly been challenged to understand this market and our member REALTORS® are working hard every day to communicate the challenges of the marketplace to their clients.
The IAR has been reporting accurate home sales and median price data since 1990 both on a statewide basis and for the nine-county Chicagoland PMSA region (Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties).
In February 2008, IAR also began reporting city of Chicago home sales data in partnership with the Chicago Association of REALTORS®. We are trying to determine where there may have been flaws in how this information was entered and processed, and if the problem dates back to the inclusion of Chicago data in early 2008.
Again, we emphasize that the error is isolated to the city of Chicago data and the Illinois Association of REALTORS® continues to investigate this matter with our local board and MLS partners to ensure accuracy in the city data.
Housing data and trends reported on a statewide basis and for the Chicagoland PMSA remain an accurate reflection of Illinois housing market data and trends.
Data and market forecasts prepared by the University of Illinois Regional Economics Applications Laboratory (REAL), which have been issued since 2008, are not affected by the error.
The Illinois Association of REALTORS® is a voluntary trade association whose 44,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation that safeguards and advances the interest of real property ownership
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
321 N. Clark Street, Suite 500
Chicago, IL 60654
312-238-9298
http://www.bradfordmillerlaw.com/
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
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