May 17, 2010
Judging by the excited chatter on my airplane right now – Relocation professionals around the country are excited about the future of relocation in general, and Chicago in particular.
Flying out of O’Hare to conferences is always interesting – It’s a big “connecter” location and I’ve got colleagues from both east and west here changing planes to head down to The Relocation Director’s Council and The Employee Relocation Council’s Spring meetings in sunny Orlando FL.
Says on professional “initiations are up, buyers are optimistic, and sellers are REALISTIC.” Says another – “We’re seeing corporations understanding that there is a pent up demand in the Chicago market, and many others, to get the right people to the right location.”
Encouraging news for the professional (or civilian) with the need to move in today’s market.
May 14, 2010
Some comments from our own Maija Harjula – A while ago I read an interesting article in Crain’s Chicago Business about the shape of Chicago real estate markets. Alby Gallun’s article Chicago Housing Market Won’t Recover Until 2013 takes a quite pessimistic stand on where the real estate market is standing right now. In the article Perry Bigelow and other featured experts pretty much smash the idea of our recovering housing market.
It really is an interesting piece where Gallun discusses Chicago-area housing, foreclosures and the future. But what this means to Chicago relocation? We all know that the economy isn’t going to recover overnight. How do you feel about 2010?
Gallun writes that 95 000 units are expected to sell in 2013 – it’s still far from the numbers we had in 2005 during the boom’s peak, way over 100,000 units. I have a feeling that it might take a while to get up to those numbers again. According to Bigelow there’s no reason to be optimistic — what do you think? Like Gallun’s quoted expert Geoffrey Hewings, director of the Regional Economics Application Laboratory, says the Chicago real estate will need some serious signs of economical recovery before starting to climb up itself.
I hope you take a few minutes to read it (you can do it here!) and if it happens that you don’t agree with it, at least it’ll give you something to think about. I personally found the article very interesting but for me a little optimism is never a bad thing.
May 11, 2010
Foreclosed homes are old, un-kept, not-so-nice looking properties… Right?
Nope, no more! CNBC just published an article “High-End Homeowners Falling Into Foreclosure Trap” by Joseph Pisami discussing the newly found high-end in the foreclosure market.
Quoting few experts, including Baird & Warner’s Jim Kinney, VP of Luxury Home Sales, Pisami provided interesting data and some clever observations about increasing luxury foreclosures.
“We’ve seen an increase, in the million-plus range, of the number of foreclosures and short sales in the greater Chicago area.” sayed Kinney in the article.
May 7, 2010
Chicago Agent Magazine’s article “Baird & Warner Earns Multiple International Real Estate Marketing & Website Awards” talked about B&W’s success in a recent Leading Real Estate Companies of the World conference. B&W was honored with three major industry prizes: Best Overall Website, Best Property Search, and Best Property Advertising.
“Bairdwarner.com is an excellent site with extremely high usability” said one of the judges. “It is simple, direct, engaging and packed with useful information that is conveyed using succinct, web-friendly writing. Site is focused on what clients need.”
Jim Schiefelbein, VP/Chief Marketing Officer, accepted the award on behalf of the company and reminded how revolutionizing the real estate marketing has been in the past 15 years.
May 5, 2010
The Chicago Tribune’s real estate writer Mary Umberger shared her thoughts about Chicago real estate and the current market conditions. Mrs. Unberger’s article “Market Turnaround or Numbers Game?” also featured Baird & Warner’s Jim Kinney, the Vice President of Luxury Home Sales. Read the whole article here.