Chicago Real Estate Market Graph | Lakeview | 3 Bedroom

Why has the three (3) bedroom real estate market in Lakeview Neighborhood of Chicago, IL remained relatively stable over the past four years?

What are your thoughts?

Please leave your comments and ideas.

Chicago Real Estate Market

The news doesn't look too hot for May 2009 coming in from Ric Cox and ChicagoCondo'sOnline.com. My FBI, real estate, and Chicago mortgage fraud warnings from 2007, 2008, and 2009 are proven accurate with this latest news. No amount of government spending, regulation, or oversight will change the fact that the real estate markets have been looted. The only way to change it is to ensure folks exchange ability to pay for the money the borrow. For example, Why did the government authorize and banks lend 30 year mortgages to folks with four year student visas? Troubling at best.

Source: ChicagoCondosOnline.com

• According to figures generated by MRED, the regional MLS, year-to-date sales of Chicago condos are (this year vs. last year):

• * Down 57% in total dollar volume, to $914 million

• * Down 48% in units closed, to 2,805

• * Down 13% in median sales price, to $280,000

• * Up 23% in average market time, to 156 days.

  Comparing May 2009 sales to April 2009:

• * Units closed were up 19%, from 645 in April 2009 to 766 in May 2009
  

• * Dollar volume was up 18%, from $202 million to $239 million, month over month
  

• * Median sales price was down 0.3%, from $280,000 to $279,000

• * Average market time was down 8%, from 161 days to 148 days.

Source: ChicagoCondosOnline.com, Rick Cox

Chicago Clout Parking Scams

Chicago police force assists with serving the clout list of corrupt people that live off of the public. This is truly a government of the government for the government by the government. While private citizens pay $40-$60 per parking space at Chicago sporting events, those on the clout list are served by Chicago Police earning overtime wages and utilizing public "NO PARKING" spaces or temporarily preserved spaces for free. Once again, the taxpayer pays while the public officials and their cronies promote the Chicago Taxpayer Extortion Ring. Watch as Pam Zekman of Channel 2 News highlights the fraud, corruption, and abuse of power still in action here in Chicago, IL.

WATCH VIDEO REPORT HERE