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Economic Update for Investors (Aug 19th, 2019)

The U.S. Stock Market has been experiencing increased volatility with the ongoing “trade war” concerns. It seems that the future upside of equities is somewhat limited and the likelihood of a correction (or certainly a pause) in the decade plus, bull-run, seems to be getting larger by the day.  Savvy investors are re-balancing their portfolios. Recently, Jeffries Financial Group advised their clients to sell equities and increase their Real Estate investment holdings.

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Renting vs. Buying in Chicago

Renting? Here’s why you should consider buying in today’s hot real estate market.

It’s no shock that the rental market in major metropolitan areas across the U.S. have been on the rise the last several years as the bullish economy remains strong.

Chicago Real Estate is on fire, once again

Recently in Chicago, the West Loop overtook River North as having the highest density of renters in the Midwest, with a median rent of $2,700 in July 2018 according to RentcafeWhile this may still be a relative bargain compared to cities like New York and San Francisco, it’s a tough pill to swallow long-term for the majority millennial tenants.  In fact, the most expensive eight rental zip codes in the Midwest are all in Chicago, with downtown Minneapolis filing in at ninth place.
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SUMMER MARKET

The Chicago summer housing market is in full swing; listings are selling quickly and there remains fairly low inventory for any buyers searching for a new home. The statewide median price in May was $215,000, up 3.4% from 12 months ago.  Median prices showed a healthy, sustainable uptick in May, while the time it took to sell a home in averaged 49 days, down from 52 days a year ago. Available housing inventory totaled 55,126 homes for sale, a 7.6% decline from 12 months ago. 
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MULTI-UNITS AS A SMART INVESTMENT TOOL

Every investment instrument needs to be examined by the old trading adage that I first learned in the Chicago Trading Pits – “Risk versus Reward”.  On this metric, owning multi-unit buildings as an investment tool, stacks up against anything.  This article will explore the pros (reward) versus the cons (risk) of multi-units on a larger macro level; before delving further into the micro, where I’ll explain some of the reasons for my excitement towards a specific area of Chicago.
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SPRING MARKET

 

Although some parts of the country are still getting snow, in the land of real estate, things are thawing fast, according to a preliminary analysis of syndicated website data for Q1 2018.

Coming out of their winter doldrums, listing prices have begun their traditional spring climb and quickly reclaimed historical highs, hitting a median which is hovering around last summer’s National peak (275K)
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CHICAGO IS #1

New York might be the City most Americans envision when conjuring up images of a lovely skyscrapers and urban architecture, but Chicago is where the foundation for the modern American skyline came from and we love it for this reason.
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