Archive for May 2013

Case Shiller: Chicago Home Prices Up 7.7% In Last Year

Case Shiller: Chicago Home Prices Up 7.7% In Last Year
The March Case Shiller home price index for Chicago just confirmed what we all have felt was happening for some time now: single family home and condo prices were up in the last year by a healthy amount – 7.7% for single family homes and 7.0% for condos. Once these numbers crossed into negative territory... Read more »

Lots Of Buyers, Not Lack Of Sellers, Driving Low Home Inventory

Lots Of Buyers, Not Lack Of Sellers, Driving Low Home Inventory
When people in Chicago think about the recent lack of home inventory they immediately are assuming that it’s a result of a shortage of sellers. That has been true over the long run – the last 6 years in fact – as a result of sellers being unable to sell because they are so ridiculously... Read more »

Yes, The Chicago Real Estate Market Is Hot

Yes, The Chicago Real Estate Market Is Hot
Back in February I did a blog post on just how hot the Chicago real estate market was. At that time I looked at properties above $150,000 in a specific geographical area of the city that is extremely popular with high income demographics. With the Chicago April home sales numbers coming in so strong and... Read more »
Advertisement:

Foreclosure Process Slows Down Once Again

Foreclosure Process Slows Down Once Again
One of the problems plaguing the housing market is a large backlog of foreclosures – the shadow inventory. For numerous reasons it has been taking forever for this foreclosure backlog to clear. Every month when RealtyTrac releases their monthly foreclosure market report they lament the fact that the process takes so long and that we... Read more »

How "They" Measure The Square Footage Of Your Home

How "They" Measure The Square Footage Of Your Home
You would think that measuring the square footage of your home would be pretty straight forward – get out the tape measure, break the home up into rectangles, and add up the area of the rectangles. Seems logical right? But coming up with a square footage number is kind of like the old joke about... Read more »

Chicago's New Construction Single Family Homes $400,000 - $600,000

Chicago's New Construction Single Family Homes $400,000 - $600,000
As a follow up to my earlier post on where to find single family homes in Chicago under $400,000 I’m looking at the next tier of homes – up to $600,000. As you look at the map of this group below and compare it the lower tier you see, not surprisingly, that this new development... Read more »
Advertisement:

Chicago Foreclosure Activity Continues To Trend Downward

Chicago Foreclosure Activity Continues To Trend Downward
RealtyTrac just released their April foreclosure market report and the data for Chicago indicates a continuing declining trend in foreclosure activity. Despite the headlines that auction activity was up dramatically from the previous month and previous year as you can see in the graph below these numbers jump around an awful lot. In addition, if... Read more »

Chicago Real Estate Market Update: April Home Sales Soar Yet Again

Chicago Real Estate Market Update: April Home Sales Soar Yet Again
The Chicago real estate market continued to demonstrate it’s incredible strength in April with home sales up 32.5% over the previous April. That’s on top of last April’s 19.4% increase and it’s the 22nd month in a row of year over year home sale increases, confirming yet again that the Chicago real estate market is... Read more »
  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Getting Real On Facebook

  • Subscribe To Getting Real

    Subscribe to RSS Feed RSS Feed

    Enter your email address:

    Delivered by FeedBurner

    Google
  • Meet The Blogger

    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.

  • Recent posts

  • Tags

  • Monthly Archives

  • Latest on ChicagoNow

  • Advertisement: