Michael Hobbs's (michaelhobbs) Blog

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Real Estate Appraiser - PahRoo Appraisal & Consultancy

ARCHIVED BLOG POSTS

2012 

Given the recent trend (aka last 3-4 years) of foreclosures and distressed properties, I find it interesting to see the various ways that properties are secured.  Some of the ways seem quite cumbersome where others seem downright surprising. And yet others, seem inconspicuous.  So, I do wonder, w...
02/28/2012
Just when you thought it was safe to go outside....Data provided by HighlineFI indicated that there were 19 undercapitalized Illinois banks and thrifts as of Dec. 30, 2011.  This total did not include Charter National Bank and Trust of Hoffman Estates which just failed earlier in this month.  In ...
02/28/2012
Calculated Risk is a great website for technical data that you won't find in the mainstream media.  Earlier this week, the Unofficial Problem Bank List was published,  with 960 institutions on the list having assets of $389.7 billion. A year ago, the list was also at 960 institutions but assets w...
02/28/2012
The National Association of Home Builders' Remodeling Market Index indicates what a number of contractors and homeowners already know, remodeling is increasing.  Most recently, the index hit a five-year high in the fourth quarter.   Given the current economic conditions, the depressed housing mar...
02/26/2012
Mirror, Mirror On The Wall...Which Housing Market Is Fairest Of All? An interesting question posed by an increasing number of prospects and professionals as the sentiment for an improving housing market appears to be growing.  Over the weekend, I was chatting with an astute real estate investor w...
02/26/2012
In the Chicagoland market area, it is not uncommon for agents to put a house or condo on a lockbox.  Granted, this may not be a practice always followed in other marketing areas and it is definitely not best-suited for unique properties or those best represented the listing agent to convey the 'v...
02/25/2012
During a commercial real estate luncheon today discussing the 2012 hotel market in Chicago and other major MSAs, one of the Realtors sitting at our table brought up the question about the best source of New Business. One Realtor noted that her best source of new business is her existing clientele...
02/24/2012
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Yes, I know that many of us don't truly care about figuring out alternative scenarios for the current environment that we are dealing with.  For instance, when you are running late to an appointment, your thoughts typically go to how can I speed up by drive (but taking a different route, avoiding...
02/23/2012
This evening I attended a reunion memorial event for a dear friend who passed away a year ago from ALS, also known as Lou Gehrig's disease.  At the reunion, I found out that one of the friends of the deceased has a business called The Irreverent Sales Girl and her mission is to make sales excitin...
02/23/2012
It is a new year and it is a new opportunity for the Illinois Association of Realtors to report home sales activity.  In the Chicago metropolitan area, Home sales rose.  In fact, the rise in January was the highest level for the first month of the year since 2007. Offsetting this good news was th...
02/22/2012
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Michael Hobbs

SRA, LEED GA, RAA
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