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An Influx of New Renters Hits the Market The real estate roller coaster has turned many would-be home buyers into renters, but how will this shifting trend affect the market as a whole? The surge in rental demands will impact REIT values as well as other factors. Conventional wisdom tells us that rising…
Jul
17
2013
Pangea Properties is proud to announce that President Al Goldstein received the top honor of Ernst & Young Emerging Entrepreneur Of The Year® in the Midwest. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Goldstein was selected…
Jul
10
2013
Boarded-up buildings and vacant properties are a common sight in many of America’s neighborhoods. Sadly, the housing crash and down economy has led to foreclosures, homelessness, and even hopelessness. However, some people have looked to these empty buildings and ghost-towns and seen opportunity. As families scramble to rebuild their lives and regain their footing,…
Jul
02
2013
An increased demand for apartments signals the improvement of the multi-family housing market. However, even with the high demand for units, prices for the purchase of buildings are still rising. This is most likely due to the fact that capitalization rates are near their all-time low and rents are higher than ever. According to Al…
Jun
26
2013
With the recent housing crash and down economy, it’s not uncommon to see neighborhoods with a high rate of foreclosures and boarded up buildings. However, at Pangea, we have made it our mission to bring quality units back to Chicago, Baltimore and Indianapolis neighborhoods and restore faith and hope in our communities. For example,…
Jun
17
2013
At Pangea Real Estate, we are committed to healing our communities from the inside out. From creating cost-effective, renovated apartments that feature all the latest amenities to ensuring that our company hires local members of the community on staff, Pangea wants to do more than just build and renovate apartments—we want to help build and…
Jun
10
2013
Housing prices have reached their highest level in years according to a recent report by the Wall Street Journal. As a result, consumer confidence in the rebounding housing market is quickly increasing. However, it is important to realize that practices such as house flipping can leave unfamiliar buyers with a false sense of security. House…
Jun
04
2013
For the second year in a row, Pangea Properties was a recipient of the 2013 Good Neighbor Award in recognition for our efforts to improve the quality of life for the Chicago community. The annual award presented by the Chicago Association of REALTORS®, acknowledges those who have demonstrated an extraordinary commitment to making the Chicago…
Apr
25
2013
Apartment living can bring a set of very real challenges, from space saving to budgeting. Here are a few necessities that every apartment dweller needs to fill to create a happy home. Felt Patches. These handy stickers covered in felt are a godsend for apartment livers with wood floors. Stick them on the legs…
Apr
19
2013
In the U.S., more than 70% of couples end up living together prior to marriage. It’s a trend that’s been on the rise over the past few decades and it’s inevitably a big decision in every relationship. So how do you know when cohabitation can be a good idea or a curse? Here are some…