Archive for March 2017

The Investment Business Points To Future Of The Real Estate Industry

The Investment Business Points To Future Of The Real Estate Industry
A bit over a year ago I wrote about how the history of the stock brokerage business could provide a lot of insight into the future of the real estate industry. It turns out that there are other areas of the investment business that also provide insight to what is in store for real estate... Read more »

Case Shiller: Chicago Area Home Prices Are On A Roll Now

Case Shiller: Chicago Area Home Prices Are On A Roll Now
Well, it certainly took long enough. With the tight inventory levels in the Chicago area we kept wondering when home prices were going to reflect the supply/ demand reality. Finally, this morning’s release by S&P Down Jones Indices of the January Case Shiller home price index confirmed what should have been the inevitable: home prices... Read more »

Pocket Listings: Walking A Fine Line With Selling Outside The MLS

Pocket Listings: Walking A Fine Line With Selling Outside The MLS
As long time readers of this blog well know I am no fan of pocket listings, which many realtors promote as a sexy insider buying opportunity. I don’t buy into any of the nonsensical arguments for pocket listings and I have frequently enumerated the problems with them. So we were recently faced with a challenge... Read more »
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Chicago Foreclosure Activity: Bank Repossessions Surge To 2 Year High

Chicago Foreclosure Activity: Bank Repossessions Surge To 2 Year High
We have yet another month without an official Foreclosure Market Report from RealtyTrac but they did update their data last week which I used to update my Chicago foreclosure activity graph below. As you can see total foreclosure activity has pretty much leveled off in the last 2 years but the individual components are even... Read more »

Chicago Homeowners More Optimistic On Home Values Than In Most Other Cities

Chicago Homeowners More Optimistic On Home Values Than In Most Other Cities
So Quicken Loans does this thing every month where they compare the estimated home value that homeowners put on their refinance applications to the value that is ultimately determined by the appraiser. They then report on the percentage by which the appraised value differs from the homeowner’s estimate, calling it their Home Price Perception Index... Read more »

How US Home Price Appreciation Compares To The Rest Of The World

How US Home Price Appreciation Compares To The Rest Of The World
Last week the Economist published several articles and graphic analyses regarding home price appreciation around the world. The interactive graphics are pretty cool because they allow you to compare US home price appreciation to the appreciation in many different countries using 5 different metrics. I’ve embedded one of their graphics below but because this blogging... Read more »
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Nope...Chicago Home Prices Are Not Above The Bubble Peak

Nope...Chicago Home Prices Are Not Above The Bubble Peak
I’ve been having an ongoing debate for quite some time now with Sabrina, the proprietor of CribChatter, regarding whether or not Chicago home prices are “well past peak” in Chicago’s more affluent neighborhoods. She contends that prices have soared past the bubble peak and I claim they have not. Each of us has our own... Read more »

Chicago Real Estate Market Update: February Another Disappointing Month

Chicago Real Estate Market Update: February Another Disappointing Month
The Chicago real estate market is continuing with the yo-yo theme in February after January hit a 10 year high in home sales. February sales, in fact, were down 2.6% from last year, repeating the pattern of the last few months where we alternate between positive and negative sales changes. Look to the graph below,... Read more »

Chicago's Most Expensive Homes: Converted Substation Still For Sale After 838 Days

Chicago's Most Expensive Homes: Converted Substation Still For Sale After 838 Days
I first wrote about the ComEd substation at 924 N Clark St that had been converted into one of Chicago’s most expensive homes – a way cool luxury mansion – back in November of 2014. Since then I’ve also written a few follow ups about the price changes that followed the initial listing – the last... Read more »
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