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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. Hereā€™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 donā€™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). Iā€™m the new Maytag repairman. Our numbers are not statistically significant right now, but some intel is available on Gary Lucidoā€™s blog and at CribChatter . Both are on my regular reading list. Good stuff.