1307 S. Wabash, #706

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Located in the heart of the South Loop- this 2br/ 2 ba penthouse loft at the Film Exchange loft building is a real standout. It is 1,400 square feet with beautiful diagonal hardwood floors throughout the living space and 2nd bedroom. The kitchen features maple cabinets and granite counters. The master bath has a separate shower, tub and double bowl sinks. The unit has a large, sunny west facing balcony and a private roof top space facing Soldier Field. Two car tandem parking. A great value!

Offered at $399,500 including 2 car parking

Home Improvements

Tax credits are available for many types of home improvements including adding insulation, replacement windows, and certain high efficiency heating and cooling equipment. The maximum amount of homeowner credit for all improvements combined is $500 during the two year period of the tax credit. This tax credit applies to improvements made from January 1, 2006 through December 31, 2007. You must review the final IRS rules to determine what qualifies for the tax credit. Refer to www.energystar.gov for more information.

Have a great day!
Stacy

Real estate forecasts for 2006 include an increase in second home purchases and strong activity in select markets throughout the year.

The "2006 Emerging Trends in Real Estate" report, from PricewaterhouseCoopers (www.pwc.com) and the Urban Land Institute (www.uli.org), says that the second home market in resort and retiree areas will gain momentum as baby boomers reach their peak earnings and cash accumulation years, building a net worth that helps them afford second homes. Baby boomers are purchasing second homes as retirement residences and to pass on to their children.

A recent Merrill Lynch report, "A Rosier Outlook for Hot Markets," called Phoenix and Las Vegas "two of the hottest domestic housing markets." Merrill Lynch noted that neither market is experiencing price or volume declines, and that job growth, supply constraints and migration to these markets should underscore demand for the next few years.

According to the Urban Land Institute/ PricewaterhouseCoopers study, the top real estate markets to watch (in order of ranking) are San Diego (which ranked No. 1 for the first time in the report's history); Washington, D.C.; greater Los Angeles (fueled by Orange County's housing boom); New York; Phoenix; San Francisco; Honolulu; San Jose; Sacramento; Seattle; and Las Vegas.



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