Archive for October 2016

Adding Custom Closet Organizers In Chicago

Adding Custom Closet Organizers In Chicago
A while ago I posted on how I had started preparing my home for a sale 6 years in the future. Since then I’ve completed a few projects, the latest of which was to get custom closet organizers built for a few key closets in my home. In thinking about a future sale I decided... Read more »

Case Shiller: Chicago Home Prices Record Another Record Gain

Case Shiller: Chicago Home Prices Record Another Record Gain
The good news is that low home inventories are finally starting to have a significant impact on Chicago area home prices as we would expect. This morning’s release of the August S&P CoreLogic Case Shiller Home Price Index for the nation and 20 metro areas has the Case Shiller Chicago home price index up 4.1%... Read more »

Where Chicago Area Home Prices Have Risen And Fallen The Most

Where Chicago Area Home Prices Have Risen And Fallen The Most
Data on how Chicago area home prices have changed over time is very rarely available at any level of geographical detail – at least for those of us who can’t afford very expensive data subscriptions. That’s why when Crain’s runs a special report on How Well Has Your Zip Code Fared Since The Housing Bust... Read more »
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Moving In The Chicago Area: Full Service, Partial Service, Packing Yourself

Moving In The Chicago Area: Full Service, Partial Service, Packing Yourself
This is a guest post that was submitted by the media team over at The Professionals, a Chicago moving company that my wife and I have actually used before and with whom we were extremely pleased. MOVING. The number one least-liked responsibility, of human people that live everywhere, all over the country, and the continent,... Read more »

September Chicago Foreclosure Activity Ticked Up Again

September Chicago Foreclosure Activity Ticked Up Again
The RealtyTrac September and Q3 2016 Foreclosure Market Report was just released this morning, though I did not have access to the Chicago foreclosure activity data until the 19th of the month, at which time I updated this post with the graph below. Foreclosure activity in Chicago ticked up again, though not significantly. There is... Read more »

Lake View Real Estate Market Continues To Weaken

Lake View Real Estate Market Continues To Weaken
On Friday I posted my September update on the Chicago real estate market which showed continued drops in inventory despite sales which were weaker than last year. Aside from slightly lower sales the overall market in the city is strong. However, the same is not true for the Lake View Real Estate Market and some... Read more »
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Chicago Real Estate Market Update: September Another Weak Month

Chicago Real Estate Market Update: September Another Weak Month
After a small gain in home sales in August the Chicago real estate market turned in a weak performance in September. Closings were down 0.9% from last year and also down from 2013. In the graph below I show monthly sales back to 1997 with all Septembers flagged in red and a 12 month moving... Read more »

Negative Equity In The Chicago Area Real Estate Market

Negative Equity In The Chicago Area Real Estate Market
Last week I posted on how the real estate market in the Chicago area could not possibly be in a housing bubble since it hasn’t fully recovered from the last bubble. Many area homeowners are still underwater on their mortgages, which means they owe more than their home is worth- i.e. they have negative equity.... Read more »