Barry J Newman
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September 2015  

Keeping It Local
Art, philanthropy and...oh yeah...real estate highlight @properties' dedication to local communities

It has been a busy start to the fall market at @properties, but we've still found time to paint on walls, laugh it up with an NBA All Star, and raise money for inner city kids. It all ties in with our commitment to be local. Here's a quick recap:  

Feeling the Love

If you've been by @properties' Bucktown office on Damen Avenue lately, you've probably noticed a new mural on the side of the building with the word love in giant black and white script. The mural, by Chicago-based Matthew Hoffman, is the latest in a series of collaborations between @properties and local artists. It was inspired by our tagline love where you're @. No single home represents @properties, but the love and enjoyment you take from that home, and everything around it, does. As a local company, we define ourselves through our communities and this particular project allows us to connect with the community in a fun, interactive way. If you're on Damen Avenue, look for the love, and post your photo on social media.

Laughing For a Cause

Another way @properties connects with the local community is through philanthropy. Earlier this month, @gives back - the charitable arm of @properties - held its Laugh Off fundraising event featuring Chicago Bulls star Joakim Noah and the cast of Second City. Proceeds from the event benefitted the Noah's Arc Foundation, a local organization founded by Noah and his mother Cecilia Rodhe to help fund arts and sports programs for at-risk youth in Chicago. More than 175 guests gathered at the Uptown Underground for an evening that included a VIP reception with Noah, a real-estate themed sketch comedy performance by the Second City cast, a silent auction, and an after-party with a performance by Kiss Kiss Cabaret. The event was such a huge success that we increased our annual fundraising goal by 50 percent.

Facing Change

From stock market ups and downs to property taxes to an inevitable interest rate hike, change is all around us as we head into the busy fall market. But it's important to remember that real estate is a local business, and where trends matter most is at the micro level - neighborhood by neighborhood, block by block. That's why you should always rely on a local expert for guidance and advice. If you're thinking about buying or selling this fall, or just looking for more information on your local market, contact me today. Thank you for your business and referrals!

Speaking of local, the latest installment of The Local explores community theater throughout the area. Watch the video.

Watch Video


In the news:

Fed Chief Yellen Sets The Stage For Interest Rate Hike
Greg Robb | September 24, 2015

Federal Reserve Chairwoman Janet Yellen stuck to her guns on Thursday, saying that an initial rate hike is likely to be appropriate this year. In a speech at the University of Massachusetts, Amherst, Yellen said she expects inflation will return to 2% over the next few years as temporary factors currently holding it down will wane. Signs of weak growth overseas won't prove large enough to have a significant impact on policy, Yellen said.

Homebuilder Confidence Continues To Hit 10-Year High
Trey Garrison | September 16, 2015

Optimism among the nation's homebuilders continues to build as confidence in the market for newly constructed single-family homes continued its steady rise in September with a one point increase to a level of 62 on the National Association of Home Builders/Wells Fargo Housing Market Index.

Weekly Mortgage Applications Surge 13.9% On Rate Dips
Diana Olick | September 23, 2015

The high drama leading up to and following the Federal Reserve's decision not to raise interest rates had mortgage borrowers and their lenders busy last week. Total application volume surged 13.9 percent on a seasonally adjusted basis for the week ended Sept. 18 versus the earlier week, according to the Mortgage Bankers Association (MBA). The previous week had an adjustment for the Labor Day holiday.

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