Northwest Chicago Suburbs – A Tale of Two Markets

Northwest Chicago Suburbs – A Tale of Two Markets

I wanted to share a quick insight into what I see in the northwest suburbs as a bifurcated housing market.  The upper end of the market* appears to be oversupplied while the lower end** is in balance and getting close to being undersupplied or having a shortage of...
Zillow – Still Not Good Enough

Zillow – Still Not Good Enough

Glenview homeowner sues Zillow over ‘sloppy’ estimate In 2014, I wrote a blog post about Zillow and I decided it’s time to turn my attention back to this again. Today, Zillow is still very much in the news and a big player in the world of home values. ...
What is an appraisal?

What is an appraisal?

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths...
The Real Estate Price Per Square Foot Dilema

The Real Estate Price Per Square Foot Dilema

Ryan Lundquist of Sacramento Appraisal Group wrote a great post explaining economies of scale and how we run into instances all the time in our lives of something small costing more than a larger amount of the same thing. The Starbucks coffee analogy he employs is...