Tuesday, July 28, 2009
Loved this from the Wall Street Journal 7/28/2009
Sales of U.S. homes are rising. Sales of new single family homes frose 11% in June from the prior month, the biggest gain in almost nine years, to a seasonally adjusted annual rate of 384,000 units. Inventories of unsold homes declined to an 8.8 months' supply at the current rate, the lowest level since October 2007. The data confirms a similar improvement in sales of existing homes, providing evidence the housing market is stabilizing, though sales and prices remain well below their highs.
Tuesday, March 10, 2009
Co-op Living
I quote from the New York Times of Sunday, February 8th.
"Condos are vulnerable to hard times in ways that co-ops are not. If your neighbor defauls, community charges can soar."
How can that be? In a condo if your neighbor defaults, his assessment arreage belongs to all those who live in the building. Enogh of these and the management has trouble paying the buildings expenses.
In a co-op if someone defaults, the assessment to the building is paid before the bank gets their money. In general a co-op is more solvent because buyers had to pay more money down to begin with.
"Condos are vulnerable to hard times in ways that co-ops are not. If your neighbor defauls, community charges can soar."
How can that be? In a condo if your neighbor defaults, his assessment arreage belongs to all those who live in the building. Enogh of these and the management has trouble paying the buildings expenses.
In a co-op if someone defaults, the assessment to the building is paid before the bank gets their money. In general a co-op is more solvent because buyers had to pay more money down to begin with.
Wednesday, April 2, 2008
Alice's Blog
CHICAGO
First it was the nickle tax on bottled water and now we have the raise in the sales tax. Seems like no government lives with-in their means anymore. I'm looking forward to warm weather and the Gran Park Music Festival which is one of the best buys in the city.
NORTH SHORE
Summer jobs are available for young adults who attend the Mayor's summer youth employment program job fair 8:00 AM - 2:00PM at the Evanston Civic Center, 2100 Ridge. Can't wait to picnic at Ravinia.
EDGEWATER
We are still awaiting the opening of Nookies and the Sweet Occasions on Bryn Mawr. Pepitone's outdoor eating area promises to be a popular spot. Keep the faith... It's sure to get warm soon.
Monday, February 4, 2008
Alice's Blog
Here are some home remodeling and repair blogs from the Wall Street Journal:
Homeowner's Blog - Home Remodeling and repair
BuildersShare.com - Builders Share: DIY tips, tricks and know-how
CalFinder.com/blog - Home Improvement Blog
HouseBlogs.net - Cick on the "Blogs" tab near the top of the home page for access to thousands of blgs on home renovation and repair.
Chicago - Watch out for the City Council to raise the amount of the Real Estate Transfer Tax. They want to see how bad they can make the real estate market.
North Shore -Taking a cue from the popular television show that let's people know the value of their antiques, the Evanston Review runs an article called "The Antique Detective".
Edgewater - Rumour has it that Sweet Occasions on Bryn Mawr will have their soft opening on February 13th and we see progress at Nookies.
Homeowner's Blog - Home Remodeling and repair
BuildersShare.com - Builders Share: DIY tips, tricks and know-how
CalFinder.com/blog - Home Improvement Blog
HouseBlogs.net - Cick on the "Blogs" tab near the top of the home page for access to thousands of blgs on home renovation and repair.
Chicago - Watch out for the City Council to raise the amount of the Real Estate Transfer Tax. They want to see how bad they can make the real estate market.
North Shore -Taking a cue from the popular television show that let's people know the value of their antiques, the Evanston Review runs an article called "The Antique Detective".
Edgewater - Rumour has it that Sweet Occasions on Bryn Mawr will have their soft opening on February 13th and we see progress at Nookies.
Tuesday, January 29, 2008
Thursday, November 15, 2007
To ask Alice a question or to make a comment, scroll to the bottom of the page and click on comment.
CHICAGO
The Wall Street Journal reports that real-estate advertising has dropped 24.4% as more realtors and consumers look to the internet for information.
EDGEWATER, UPTOWN, ROGERS PARK
Good news for commuters, the Montrose L stop is about to reopen.
New to the Andersonville area is the Andersonville Galleria, an artists' mall in the former Wickstrom's Deli at 5247 Clark.
Sunday, December 16th - 4:00 - 5:00 PM Father Grassi of St. Gertrude's will sign copies of his book "Bumping into God in the Kitchen".
CARE FOR REAL
There are a number of opportunities to help Care for Real this holiday season. Care for Real is also looking for donations of food, unwrapped new gifts for children and warm clothing.
Have you visited the new Pepitone's Restaurant? It's a beautiful restaurant with a varied menu. 5437 N. Broadway. 773.293.3730.
Edgewater Chamber of Commerce Awards
Green Business of the Year: Tru Nature Fodds
New Business of the Year: Urbanimal
New Restaurant of the Year: Pepitones
Storefront of the Year: Salon Echo Spa
Beautification/Developement of the year: Senn High School
NORTH SHORE
Average home sales rose in most North Suburban towns in October compared to the year before. Prices rose about 4% in Wilmette to 20% in Glencoe and Kenilworth.
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