Archive for October 2015

Why Should You Pay For Highways When You Buy A House?

Why Should You Pay For Highways When You Buy A House?
I really hate politics. In fact, I find the government so frustrating that I can’t even watch House Of Cards because it upsets me too much (OK, it’s fiction but a lot of how it depicts Washington is accurate). And I’m no fan of lobbying either so when the National Association of Realtors sends me... Read more »

Case Shiller: Chicago Lagging Nation In Home Price Gains

Case Shiller: Chicago Lagging Nation In Home Price Gains
Today’s release of the Case Shiller Chicago home price index for August once again shows Chicago pretty much in last place among 20 metro areas in terms of price appreciation. There are a couple of different ways of looking at the data but they both give pretty much the same answer. First, there’s the seasonally... Read more »

RealtyTrac Market Report: Chicago Foreclosures Spike Again In September

RealtyTrac Market Report: Chicago Foreclosures Spike Again In September
A little more than a week ago RealtyTrac’s September foreclosure market report was rather ho hum – low single digit changes in foreclosure activity at the national level. However, Chicago foreclosures showed a significant spike in activity, driven primarily by an increase in bank repossessions, which were up 87% from last year and up 235%... Read more »
Advertisement:

September Chicago Real Estate Market Update: Highest Sales In 9 Years

September Chicago Real Estate Market Update: Highest Sales In 9 Years
When the Illinois Association of Realtors releases their home sales report in about 2 weeks what they probably won’t be pointing out is that it looks like the Chicago real estate market will ultimately have the highest September sales in 9 years. The reason I’m using the future tense in that sentence, and the reason... Read more »

Can Chicago's South Loop Absorb All The New High Rise Construction?

Can Chicago's South Loop Absorb All The New High Rise Construction?
On Thursday I wrote about all of Chicago’s  new high rise construction in the South Loop that has recently been announced. With just the 5 projects I wrote about I estimate that we are looking at approximately 2061 new apartments and 1123 new condos/ townhomes. That’s a ton of new housing units so the question... Read more »

Will Chicago's South Loop Real Estate Rise Again?

Will Chicago's South Loop Real Estate Rise Again?
If you will recall the South Loop had a building boom during the housing bubble that left it with a ton of inventory that it only recently cleared. The memory of that catastrophe must be pretty short lived because last week was a huge week for South Loop real estate news. In case you missed... Read more »
Advertisement: