Archive for January 2012

Chicago Home Prices: Largest Monthly Drop In 3 Years

Chicago Home Prices: Largest Monthly Drop In 3 Years
The release of the Case Shiller Home Price Index for November must have been pretty hotly anticipated – or S&P’s was having technical problems – maybe both. It took me an hour just to get to the data this morning. Once again the Case Shiller index shows that Chicago home prices continued to fall –... Read more »

What Would You Pay For This Formerly Mold Infested Home?

What Would You Pay For This Formerly Mold Infested Home?
My wife and I have been curious about this 4 bedroom, 3 1/2 bath West Town home at 1844 W Huron ever since we walked by and noticed that it was vacant several months ago. It was a couple of doors down from another home we were seriously interested in for ourselves and we noticed... Read more »

University Village Mid-Rise Lofts: 2011 Was A Tough Real Estate Market

At the southern end of University Village, just north of the railroad tracks, are 4 mid-rise loft/ condo buildings. At the eastern end are the newer construction loft buildings at 811 and 833 W 15th St. Just west of them are the converted loft buildings at 1524 and 1525 S Sangamon. Each of these 4... Read more »
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Federal Reserve Meeting Laughter Tracked Housing Bubble

As you know I have a thing for great analytics. I ran across this post in the Daily Stag Hunt that showed an analysis that I wish I had thought of. The results are pretty interesting. They went through all the transcripts of the Federal Open Market Committee meetings from 2001 up through the end... Read more »

University Village And Commons Moves To 11th Ward As Does Danny Solis

The remapping of Chicago’s wards appears to be done (Is it really a done deal or will there be more horse trading?) and as a result of the change it appears that University Village and University Commons will be moving to the 11th ward from the 25th effective in 2015. At least University Commons won’t... Read more »

New Construction Continues To Spur Housing Demand In Chicago

New Construction Continues To Spur Housing Demand In Chicago
As bad as the Chicago housing market appears to be certain ultra modern, new construction homes continue to sell briskly – even at the slowest time of the year for real estate. I’ve seen this pattern play out for a while now and I’ve previously written about the spate of new home sales in West... Read more »
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How Fannie, Freddie, And The Government Contributed To The Mortgage Crisis

How Fannie, Freddie, And The Government Contributed To The Mortgage Crisis
When Charles Ferguson accepted the academy award for Best Documentary for Inside Job he lamented in his acceptance speech about the fact “that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong”. Well, it looks like Charles Ferguson may soon get... Read more »

Don't Get Too Excited About 2011's 34% Drop In Foreclosure Activity

Yesterday RealtyTrac released their 2011 Year-End Foreclosure Report which included the December data. The big headline of this report is that there was a 34% drop in foreclosure activity last year and that foreclosure activity was at the lowest level since 2007. But when you read beyond the headline it doesn’t sound quite as good.... Read more »

December Home Sales In Chicago Slightly Better Than Originally Thought

A few days ago I reported on Chicago home sales for the month of December along with contract activity and distressed property sales. I just found out that the data source that I use to gather that data had a bug in it that has since been corrected. This bug only affected the sales count... Read more »
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Why You Can't Find A Decent Chicago Condo: Record Low Inventories

Why You Can't Find A Decent Chicago Condo: Record Low Inventories
You’ve been looking for a Chicago condo for months now and it seems like you just can’t find anything decent. All the condos in Chicago seem to be either overpriced or in pretty terrible shape. Well, there’s a very real reason why your condo search seems to be going nowhere. As I’ve pointed out before... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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