Tag Archives: second home

Sales way up in DEC 2009

According to a recent report, sales in December 2009 were up 33% compared to December 2008. Sales have been up 6 months in a row! But, overall, sales for the year were flat compared to 2008. In many areas of … Continue reading

Posted in Bridgeport, bronzeville, Chicago, Chicago neighborhoods, Chicago Real Estate, Chicago Rehab, Chicago Relocation, East Garfield Park, Englewood, financing, HYDE PARK, Investment Property, Logan Square, Pill Hill, Real Estate, South Loop, Uptown, West Loop | Tagged , , , , , , , , , , , | Leave a comment

Tax Loophole closed…watch out!

Tax Loophole closed…watch out! In a previous post, I talked about how Uncle Sam allowed a couple to keep up to $500,000 in profits tax free when they sold their property. This was assuming they had lived in that property … Continue reading

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