Archive for January 2017

Case Shiller: Chicago Home Prices Falling Further Behind Nation

Case Shiller: Chicago Home Prices Falling Further Behind Nation
You would think that with the Chicago area’s low home inventory that our home prices would be taking off. They are advancing but not nearly as fast as the rest of the nation and we are in fact falling further and further behind the rest of the country. S&P CoreLogic just released their November Case... Read more »

Bronzeville Finally Getting The Real Estate Development It Needs

Bronzeville Finally Getting The Real Estate Development It Needs
For years I found it peculiar that Bronzeville didn’t get more attention from real estate developers given how close it is to downtown Chicago and how relatively affordable it is. I know that during the real estate bubble a lot of people got badly burned in Bronzeville – both developers and buyers – so I... Read more »

Why America Will Never Be Great Again In Two Charts

Why America Will Never Be Great Again In Two Charts
This idea about why America won’t be great again has been floating around in my head for several years now – long before it became a political slogan – and it’s been wanting to get out. I won’t pretend it’s a great insight. It should be common knowledge but apparently it’s not given what the... Read more »
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Chicago's Most Expensive Home Sales Of 2016: Condos

Chicago's Most Expensive Home Sales Of 2016: Condos
Last week I posted on Chicago’s most expensive single family home sales of 2016 but in reality several condo sales actually set the record last year for the overall most expensive Chicago home sales just like in 2015.  In total there were 16 condos that sold above $4 MM compared to 18 in 2015, which... Read more »

Chicago Foreclosure Backlog Plunged In December

Chicago Foreclosure Backlog Plunged In December
RealtyTrac came out with their December and year end Foreclosure Market Report late last week and it was no surprise that 2016 was a 10 year low in foreclosure activity for the nation as a whole as you can see in the graph below. Activity was also down 14% from 2015. Interestingly they also looked... Read more »

Chicago's Most Expensive Home Sales Of 2016: Single Family Homes

Chicago's Most Expensive Home Sales Of 2016: Single Family Homes
At the beginning of the year it’s always fun to look back vicariously at the previous year and see how the richest Chicagoans spent their money on homes. 2016 was not quite as strong as 2015 for Chicago’s most expensive homes but it still turned in a decent performance. In 2015 there were 12 sales... Read more »
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Chicago Real Estate Market Update: Lowest December Sales In 4 Years

Chicago Real Estate Market Update: Lowest December Sales In 4 Years
Chicago’s real estate market keeps jumping up and down like a yo-yo, with home sales hitting multi-year highs one month and then multi-year lows the next month. How any one month shakes out has a lot to do with the timing of when the sales close. If the time between contract and closing extends then... Read more »

The Sad But Colorful Story Of Frank Thomas' Massive Oakbrook Mansion

The Sad But Colorful Story Of Frank Thomas' Massive Oakbrook Mansion
I have to admit that I didn’t know who Frank Thomas is. I don’t follow sports at all so I had to look this guy up to find out that he’s a former White Sox baseball player. I guess he was pretty good. Good enough to afford building a 41 room, 26,000 square foot mansion... Read more »

1951 W Huron: East Village Home Sells $630,000 Above 2013 Price

1951 W Huron: East Village Home Sells $630,000 Above 2013 Price
A couple of weeks ago the home at 1951 W Huron in Chicago’s East Village sold for the second time in 3 years. However, this time the sales price of $1,345,000 was $630,000 above what the sellers paid for it in 2013, which really got my attention since it’s right around the corner from me.... Read more »
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