july 2013: Is Chicago New Apartment Construction Getting Ahead Of itself? - 09/12/13 01:46 AM
July delivered some high numbers all around in new construction for Chicago. McGraw –Hill says new apartment construction was up 53% in July 2013. Coupled with rents rising steadily over the last few years, one could ask, “Is Chicago new apartment construction getting ahead of itself?”  According to a recent report done by Appraisal Research Counselors; the next two to three years are expected to deliver over 8,000 new apartments in Chicago.
Vice president of Appraisal Research Counselors, Ron Devries, who also wrote the report, said that 5300 new units will be made available by end of 2014, and the additional … (2 comments)

july 2013: More on Chicago’s Rising New Construction Market - 08/29/13 08:47 AM
With new construction on the rise all over the country, Chicago is thriving with a yearly increase of 44% from 2012.   July 2013 turned out to be big month for Chicago home sales, and reports of increases in building permits, housing starts and housing completions nationally have been in the headlines.  One might ask, just how much of that is new construction sales in the “City of Big Shoulders.” 
LeapRE, an online real estate tool used by residential agents based in Northbrook, IL, broke down data for the 10 highest producing new construction projects in Chicago in terms of number … (1 comments)

july 2013: Who Didn't Take A July Vacation? Chicago Real Estate Market – That’s Who. - 08/26/13 06:31 AM
July 2013 was a roaring month for home sales in the entire Chicagoland area.  Home sales are up over 36% from July 2012 to July 2013 and the median price rose 18% in that time as well.
The Mainstreet Organization of Realtors revealed data regarding attached single family home sales, townhomes and row-homes, as well as which cities in the metro Chicagoland area were producing them. Chicago Agent Magazine breaks it down for us in 2 categories; the top 10 housing markets in the city and in the suburbs.
The top 10 suburbs produced a total of 631 attached single family … (1 comments)

Michael Hobbs, SRA, LEED GA, RAA (PahRoo Appraisal & Consultancy)

Michael Hobbs


Chicago, IL

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PahRoo Appraisal & Consultancy

Address: 1707 W. Roscoe Street, Suite 1, Chicago, IL, 60657

Office: (773) 388-0003

Fax: (773) 388-3331

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