Mon, 17 August 2015
Jeff, a client, has questions regarding recent investments in Chicago. Research has led him to question local school rankings, foreclosures and exit rates of the area. A Chicago local market specialist addresses all three items and adds some facts and figures regarding this world class city, such as 42% of the people in Chicago are renters. Plus, the young mobile class will be attracted to Chicago for its affordable living and international recognition.
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[2:14] Absorption rates - understanding the statistics
[4:35] Comparing La Hoya, CA to the Chicago, IL housing market in cost per square foot
[7:09] Invest in assembled commodities they are far less volatile
[9:50] The median sales price and the median list price are telling numbers about the area
[11:59] Chicago average home price
[13:53] Foreclosures can flood the market changing the absorption rate
[14:36] Jeff wants to know if he is suffering analysis paralysis
[15:36] In Chicago family oriented areas have higher taxes
[18:07] A school’s infrastructure may be more important than its ranking
[19:57] The foreclosure process in a judicial foreclosure state takes much longer
[21:00] Zillow groups all sales in an area together it may not be a good guide for individual homes
[21:50] Housing markets that are slower to recover are often more stable to invest in
[22:56] Chicago is a world class city and a thriving economy
[25:34] The midwest is a favorite emerging market
[26:51] Chicago is the most moved to destination in a study by Van Lines
[28:06] San Diego event is Jason Hartman University Live
[28:30] Lender Top 1% of originators in the nation it’s a volume business
[29:48] Take a screenshot of your iTunes review and receive 30% off of JHU Live!
Direct download: CW_556_Absorption_Rate_Chicago_Q26A_Schools_vs_Prices.mp3
Category:general -- posted at: 4:41pm EDT