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Showing posts from April 30, 2020

CLOSING TRENDS - What We Lack in Volume, We are Making Up for with Success

CLOSING TRENDS - What We Lack in Volume, We are Making Up for with Success by Michael H. Wasserman Our April stay-at-home order ends tonight, and the May stay-at-home-order starts at midnight. The sequester is dead. Long live the sequester. Here’s what you need to know about the closing real estate contracts in Chicago right now. Contract Activity: We are still open for business and taking in some new really solid purchase and sale transactions (more on that in a moment). But, as is the case for most of the colleagues I talk to, the numbers fall far below seasonally appropriate levels. I don’t want to say that its slow, but birds are building nests on our office printers. (They outgrew their perches on the typewriter and fax). I’m the new Maytag repairman. Our numbers are not statistically significant right now, but some intel is available on Gary Lucido’s blog and at CribChatter . Both are on my regular reading list. Good stuff.