Real Estate Agent Peter Fugiel's 2008 market outlook report for the Chicago area sets out a pretty thorough analysis of the local market conditions. On the whole, a pretty positive assessment and an interesting read. American real estate is still right up there with other high demand world markets. American real estate, like oil, scarce commodities, fine art, and an American college education, are all still in wide demand. The full report is available on my web site.
By all outward appearances, state government in Illinois has ground to a complete halt, with all eyes focused on the Governor's "problem" and all the related fal - der -rah. Its hardly business as usual in Springfield, but not everything has ground to a halt. Several new bills have been introduced this week. That is not to say that they will be of benefit to we the people. Nonetheless, the cogs and gears are turning, and we are hoping for the best. One such proposal comes from Rep. LaShawn Ford of Chicago's west side, who is himself a real estate broker and entrepreneur . He is the author of House Bill 155 , introduced & referred to the Rules Committee Wednesday. It seeks to address one of the most common problems I am seeing in condominium resale transactions these days; the tension between many Declarations of Condominium and FHA loan guidelines. Many Condo Declarations provide Associations with a "right of first refusal," which basically allows t
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