Michael Hobbs's (michaelhobbs) Blog

Real Estate Appraiser - PahRoo Appraisal & Consultancy



  Looking back over my shoulder at the 2011 real estate market was akin to reviewing the travel route driven to get to a Florida vacation rental from my home in Chicago. It was definitely not a short drive, there was traffic, and at times, even standstill congestion. The thought came to mind mult...
Is there really such thing as no change?  This past week venerable Chicago stalwart, Sears, announced that it plans to close between 100 and 120 stores.  The closings include at least 38 Kmart stores, 25 Sears full-line locations and two Sears hardline-only locations. The company will also close ...
No how much is going on your world, there is always a lot more going on in the rest of the world.  Whether you consider the rest of the world to be the suburb you live in, the city that surrounds you, your state, even the country, or truly the whole globe we spin around on, there is a whole world...
As I was reading a recent piece on the real estate market in Illinois, I came across Realty Trac's data that indicated Illinois was ranked 8th amongst the top 10 states with the highest foreclosure rates. Gosh, it sure doesn't feel good to be ranked so highly.  If this was college basketball, a t...
For those who were blessed with a new large TV for the holidays, unfortunately, their Sunday Night Football of the Green Bay Packers and the Chicago Bears didn't bring happy holidays to Chicago.  But of course, for the Green Bay fans, there was an awful lot to cheer about....including a first pla...
Every so often you come across a local establishment that you makes  you say, "Wow, I'm glad you're here".  Last week, those were the words that came forth when meeting a client near his office.  He works south of Roscoe Village (which is west of Wrigleyville) and suggested meeting at New England...
Given the recent announcements that Starbucks and White Castle are seeking to add alcohol to their menus to increase sales per store, I have started to wonder what might be next. Granted, there are a number of communities where drive-through liquor stores do exist...so from that framework, it is ...
Sliders to follow Lattes in line for a adult beverage.  So it seems that Starbucks is not the only fast-food type establishment looking to expand into the cocktail consumption market.  Today, I read that White Castle is moving forward with a beer and wine strategy in Indiana and one day Illinois ...
Just when you thought it was safe to go outside, there's something lurking. No, not a holiday ghost.  No, not a deceased pine tree. No, it is the the inventory of homes owned by GSEs, otherwise known as the shadow inventory.  Based on a report by CoreLogic, the inventory of distressed properties ...
One of the benefits to being a professional real estate appraiser is that you get to meet a lot of interesting people and those people know an awful lot about a lot of things. Today, during a pre-listing appraisal in the South Loop (south of Chicago downtown), the client mentioned Starbuck's test...

Michael Hobbs

Ask me a question
Spam prevention