Archive for August 2016

Case Shiller: Chicago Home Prices Show Modest Gains

Case Shiller: Chicago Home Prices Show Modest Gains
Based upon this morning’s release of the June S&P CoreLogic Case Shiller home price index for the nation and 20 metro areas I would say that Chicago area home prices are still turning in a fairly mediocre performance compared to most of the rest of the country. Not only did the Case Shiller Chicago index... Read more »

Chicago Area Real Estate Market: Home Sellers Finally Profit

Chicago Area Real Estate Market: Home Sellers Finally Profit
As I like to remind you there is entirely too much talk about how high home prices are and how the housing market is in another bubble. Based upon all the talk you would think that the average Chicago area home seller is raking in huge profits on the sale of their home but it’s... Read more »

Chicago Real Estate Market: Just How Fast Have Homes Been Selling?

Chicago Real Estate Market: Just How Fast Have Homes Been Selling?
There has been a lot of discussion over the past few months about just how fast homes have been selling in the current Chicago real estate market. People have even gone so far as to say that if your home hasn’t sold in the first 2 weeks that you’re on the market you must be... Read more »
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Signs Of Weakness In The Chicago Real Estate Market

Signs Of Weakness In The Chicago Real Estate Market
If you read my last Chicago real estate market update you saw that July home sales came in well below last year’s numbers, which was a bit disconcerting. However, there were other extenuating circumstances that might indicate that this could be an aberration. And extremely low inventory levels continue to give home prices a boost... Read more »

RealtyTrac Market Report: Chicago Foreclosures Close To Record Low

RealtyTrac Market Report: Chicago Foreclosures Close To Record Low
The data that came out of last week’s RealtyTrac July Foreclosure Market Report did show Chicago’s foreclosure activity creeping down towards record lows – at least near a record since I’ve been tracking the data seen in the graph below. Only January of this year was lower. Once again Chicago foreclosure activity was lower than... Read more »

Chicago Area Employment Hits Record High

Chicago Area Employment Hits Record High
One of the economic indicators that I follow as a harbinger of the health of the Chicago real estate market is Chicago area employment. The Bureau of Labor Statistics provides that data for the greater Chicago metropolitan statistical area which includes all the suburbs from Naperville to Elgin and goes into parts of Wisconsin and... Read more »
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Chicago Real Estate Market Update: Biggest Home Sale Drop In Almost 2 Years

Chicago Real Estate Market Update: Biggest Home Sale Drop In Almost 2 Years
The Chicago real estate market has had a great run over the last 19 months, hitting 10 year highs and occasionally scoring double digit year over year gains despite periodically declining by small amounts. However, that winning streak could be coming to an end if July sales are any indication of what is to come.... Read more »

Chicago's District 12 Sees Rise In Assault And Battery After Years Of Decline

Chicago's District 12 Sees Rise In Assault And Battery After Years Of Decline
About 3 weeks ago I posted on the shortfalls in police staffing of the recently combined districts 12 and 13 in Chicago. Since I’ve also recently been collecting and analyzing aggravated assault and battery data I decided to check the long term trend in these heinous crimes in these combined districts to see if the... Read more »

Chicago's Safest And Most Dangerous Neighborhoods: Assault And Battery

Chicago's Safest And Most Dangerous Neighborhoods: Assault And Battery
An updated version of this post is available here with data through June 2017: Chicago’s Safest And Most Dangerous Neighborhoods: Assault And Battery Last week I analyzed homicides in Chicago, ranking community areas by their homicide rates as one measure of which are Chicago’s safest and most dangerous neighborhoods. However, the vast majority of Chicago’s... Read more »
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