Archive for December 2014

Case Shiller: Chicago Area Home Price Gains Lagging Rest Of Nation

Case Shiller: Chicago Area Home Price Gains Lagging Rest Of Nation
S&P Dow Jones Indices just released the Case Shiller home price indices for October and it looks like the Chicago area is almost in last place among major metro areas for home price appreciation in the last year. It looks like only Cleveland is doing worse. The Case Shiller Chicago home price index for single... Read more »

How The 2014 Chicago Real Estate Market Really Compares To Last Year

How The 2014 Chicago Real Estate Market Really Compares To Last Year
We have this ongoing debate on Cribchatter about whether or not the Chicago real estate market is dead. According to Sabrina in a recent post “(September appears to be the WORST month in 2013 to have listed. Lots of properties listed in September are just sitting there.) The Chicago market has really slowed.” and later... Read more »

In The Aftermath Of The Sony Hack It's Time For A New Movie Production And Distribution Pardigm

In The Aftermath Of The Sony Hack It's Time For A New Movie Production And Distribution Pardigm
This has nothing to do with real estate and I’m no expert on movie production and distribution but the recent consequences of the Sony hack incident has really ticked off a lot of people – me included. Polls that I’ve seen consistently show about 80% of Americans disagree with Sony’s decision to not release “The... Read more »
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Zillow: 38% Drop In Chicago Area Underwater Homes

Zillow: 38% Drop In Chicago Area Underwater Homes
I swear it’s just a coincidence that this is my third blog post in a row based upon some Zillow press release. They’ve had some interesting press releases lately – this time regarding their third quarter Negative Equity Report, which looks at the percentage of homes that are underwater on their mortgage – i.e. the... Read more »

Interior Design Trends: Cowhide And Gold Fixtures Will Be Hot Next Year (Zillow)

Interior Design Trends: Cowhide And Gold Fixtures Will Be Hot Next Year (Zillow)
Really? Cowhide and gold fixtures? Come on Zillow. Yeah, that’s what they are saying based upon their 2015 Zillow Digs Home Trend Forecast, which they released yesterday. Their forecast is based upon “data from a survey of leading interior design experts and an analysis of the most popular photos on Zillow Digs.” Who am I... Read more »

Rent vs. Buy: Zillow's Housing Affordability Analysis Is Just Wrong

Rent vs. Buy: Zillow's Housing Affordability Analysis Is Just Wrong
It seems that with some regularity we get a story from some real estate information provider about how buying a home totally trumps renting a home. The last time I debunked one of these stories was a couple of years ago: The Math of Renting vs. Buying a home in Chicago. Now Zillow has come... Read more »
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RealtyTrac Market Report: Chicago Foreclosure Activity Hits 5 Year Low (At Least)

RealtyTrac Market Report: Chicago Foreclosure Activity Hits 5 Year Low (At Least)
RealtyTrac just released their November Foreclosure Market Report and the data shows a record low in Chicago foreclosure activity – well, at least it’s a record during the time I’ve been monitoring the data, which is 5 1/2 years. But since I started monitoring the data in 2009 and we know the problem was pretty... Read more »

Trump Tower Penthouse Sells To Vistex CEO Sanjay Shah For $17 MM

Trump Tower Penthouse Sells To Vistex CEO Sanjay Shah For $17 MM
Back in May of 2012 the Trump Tower Penthouse – 14,260 sq ft of raw space – hit the market listed at $32 MM: Trump Tower Penthouse: Highest Residence In Western Hemisphere For $32,000,000. At the time I noted that that worked out to $2244/ sq ft, which I saw as a huge amount of... Read more »

Updated Chicago Home Price Forecast

Updated Chicago Home Price Forecast
On Thursday I published a summary of the home price forecast from Zillow/ Pulsenomics along with the implied forecast from the Chicago Case Shiller home price futures market. At the time I did not have the November Case Shiller futures market update available to me so I relied up on the October update. However, over... Read more »
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November Chicago Real Estate Market Update: Home Sales Drop...err...Not Really

November Chicago Real Estate Market Update: Home Sales Drop...err...Not Really
Once again, in about 2 weeks, the Illinois Association of Realtors is going to report that Chicago home sales declined in November – by about 12.3% – and once again I’m going to tell you that it’s not really that bad – depending upon your perspective. The Chicago real estate market is really doing OK... Read more »