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Across the United States, there are plenty of historical landmarks and iconic locations. One such location is known as the Gold Coast, located in the northeast corner of Chicago. This area, aside from its memorable scenery, holds a rich and interesting history. Fred Latsko, the owner and CEO of Latsko Interests , Chicago’s premier full-service real estate development and management company, has the details surrounding the history of the Gold Coast of Chicago, including exactly where the name came from.
Achieving financial freedom is one of the surest ways to live a more blissful, stress-free existence, eradicating the constant pressure on yourself and your relationships that is routinely exerted by monetary challenges and concerns. Fred Latsko, the CEO of Chicago-based real estate developer Latsko Interests , says that investing in rental properties or opening your existing home to renters is an increasingly popular and effective way of improving your financial situation and relieving stress. Various factors have contributed to the rise to prominence of rental properties over the past decade, most notable among them being the fact that housing construction practically ground to a halt after the great recession. That left many would-be homeowners with little option but to rent, driving up rental prices as a result according to Fred S. Latsko.
While location may be declining in importance ever so slightly on the home real estate front, with size now supplanting location among homebuyers according to a recent survey conducted by Barclays Mortgages, it remains absolutely vital to ensuring the success of a business. A multitude of factors play a role in determining the success or failure of a customer-facing business and many of those factors are heavily dependent on location according to Fred Latsko, the CEO of Latsko Interests , which has more than two decades of experience in property development and management. Fred S. Latsko breaks down several of the primary reasons why location is so important and how it will either support or sink a business.
The Illinois real estate market has had its fair share of struggles since the 2008/2009 financial crisis ended, having one of the slowest growth rates in the U.S over the past decade in terms of median home values. According to data compiled by Zillow , Illinois homes grew by just 10.7% in value on average between 2010 and September 1, 2019, ranking it 45th out of 49 states (there was no data available for Vermont). Illinois also has one of the highest rates of underwater mortgages in the country at nearly 15% of the state’s homeowners, close to double the national average. The news isn’t all bad, however, particularly for those currently in the market for property in Illinois says Fred S. Latsko, the owner and CEO of Latsko Interests, a prominent and respected real estate developer that manages properties in several states, the majority of which are found in Chicago’s affluent Gold Coast area. As Frederick Latsko points out, that weakness in some segments of the Illinois housing market presents significant opportunities for buyers to snatch up property at below-market rates. That’s especially true in Chicago, home to the country’s third-largest metro area and more than 30 Fortune 500 companies, which provides an important anchor for the housing market and economy of the entire state. Median home price growth in Chicago has greatly outpaced that of Illinois as a whole says Fred Latsko , rising by close to 30% since the beginning of 2014. The Chicago market is expected to show further growth through the end of 2021 but not before a projected 1.5% stumble in home prices between mid-2019 and mid-2020, providing an enticing opportunity for buyers to perfectly time their entries into the market.