The economic impact of the 2008 financial crisis could be felt across the Chicagoland marketplace in indicators such as unemployment including a contraction in real estate professionals, foreclosed and underwater homes, and lost or reduced retirements accounts.
Yet from the ashes of a ravaged real estate market, the seeds of opportunity began to rise up. In early 2010, forward-looking and vulture investors began targeting select real estate opportunities for acquisition. By the first half of 2013, real estate investors, developers, builders, and rehabbers were returning to the market en masse given the strong momentum that some Chicago markets have experienced.
Chicago Real Estate Professionals presented a panel of distinguished real estate and appraisal professionals who brought their crystal balls and shared their views on the current marketplace, and how to maximize opportunity by understanding the timing, demand and volatility of this real estate marketplace.
Topics included:
- Discussion of all sectors of commercial and residential real estate;
- Unique issues impacting the markets such as “bidding wars” for certain properties;
- Insight on whether the recovery has legs or is primed for another dip; and
- Advice on how find a great opportunities and secure bank funding.
Panel includes:
Chris Feurer, Chief Executive Officer, Jameson Sotheby’s International Realty
Gail Lissner, CRE, SRA, Vice President, Appraisal Research Counselors
Michael Hobbs, SRA, LEED GA, President, PahRoo Appraisal & Consultancy
Thaddeus Wong, Co-Owner, @Properties
Moderator:
Michael J. Delrahim, Managing Partner, Brown, Udell, Pomerantz & Delrahim, Ltd.