Michael Hobbs's (michaelhobbs) Blog

According to data from RealtyTrac, fix and flips are increasing due to the rising home prices nationally, especially in the higher end markets.  As a whole, single family flips have decreased about 13% in third quarter of 2013, however exponential growth is happening in markets where home prices ...

Photo courtesy of Concierge Auctions Chicago legend, Michael Jordan puts his home up for auction.  His Highland Park home of nearly 20 years is 56,000 square feet and was originally put on the market back in February 2012 for $29 million.  After failing to sell, MJ decided to put it up for aucti...

The hotel at the corner of Kinzie and State Street which was once the 10 west hotel, and recently known as the Amafli Hotel, will undergo another name change as new ownership takes possession. Developer, Peter Dumon plans on changing the name to The Kinzie Hotel.  Dumon, and his company, the Har...

Why move to Ohio? According to Trulia, Ohio currently has the most affordable market for middle class home buyers when the median household income is compared to the price of homes listed of each major city in the US.   Six of the top eleven most affordable cities to live in were in Ohio; Akron, ...

In a survey taken by Redfin, they found some shocking results regarding how much it costs to buy a home near the best schools.  The information gathered concentrated on elementary schools specifically. School districts and the schools themselves are two large considerations when home buyers have ...

In an effort to reduce redundancy in the mortgage modification process, the ‘Big Five’ servicers agree to make the response time longer before starting the foreclosure process. The big five, commonly referred to, are Bank of America, Citibank, Wells Fargo, Ally Bank, and JP Morgan/Chase.  One of ...