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Archive for the ‘Greystones’

Greystones and Lofts and the Chicago Real Estate Market

February 15, 2008 By: admin Category: Chicago Real Estate Market, Greystones No Comments →

It is no big secret that we are currently in a "big" slow down for our local real estate market.  Even in slows times, there still seem to be winners.  And what are those winners?  The winners are anything Greystone and lofts in historically strong buildings.  These two property types have continued to go contingent in the MLS even with all the doom and gloom media on local real estate. 

As potential home buyer, what does this tell you?  Well it probably tells you alot of things.  First, prices are not going in the wrong direction for these property types.  Second, you might lose out on a property if you are not committed to writing the offer.  Third, your resell prospects may be significantly greater if your are considering another property type.