Archive for May 2017

Case Shiller: Chicago Area Home Price Gains Lag The Nation

Case Shiller: Chicago Area Home Price Gains Lag The Nation
Remember last month when I told you how single family home prices in the Chicago area had gained 6.2% from the previous year and we had risen in the rankings of the 20 cities that Case Shiller tracks? Yeah, well forget that. S&P Dow Jones just released the March Case-Shiller home price indices and with... Read more »

Chicago Area Home Sellers File Lawsuit Against Zillow's Zestimate

Chicago Area Home Sellers File Lawsuit Against Zillow's Zestimate
I’ve written numerous blog posts about the terrible inaccuracies in the various automated home value estimators that you find on the Web. About a year and a half ago I compared several of them: Those Home Value Estimators Really Suck. The fundamental problem is that these estimators only look at the easily discernible data on... Read more »

No Such Thing As A Standard Real Estate Commission In Chicago

No Such Thing As A Standard Real Estate Commission In Chicago
I was watching the April 12 episode of The Deed:Chicago (Analysis Paralysis) when I noticed the star of the show, who has been a Chicago real estate fixture for some time, make 3 references in the last 10 minutes of the show to a “standard real estate commission”. He should really know better than to... Read more »
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Chicago Finally Gets Rational About North Branch

Chicago Finally Gets Rational About North Branch
9 years ago I wrote a post about the insanity of a steel company located on expensive Lincoln Park real estate: Why Finkl & Sons Is In Lincoln Park. I guess it took 9 years for the city of Chicago to realize that I was right about the best use of this land and give... Read more »

Chicago Foreclosure Activity: Shadow Inventory Hits New Low

Chicago Foreclosure Activity: Shadow Inventory Hits New Low
ATTOM Data Solutions (the parent of RealtyTrac) released their April Foreclosure Market Report last week along with their Chicago foreclosure activity data. The nation hit the lowest level of activity since November 2005 and as the release points out: A total of 34,085 U.S. properties started the foreclosure process in April, down 6 percent from... Read more »

Chicago Real Estate Market Update: April Home Sales Decline Once Again

Chicago Real Estate Market Update: April Home Sales Decline Once Again
I was out of the country when it was time for me to create my April Chicago Real Estate Market Update so it’s not only late but the data was pulled a day or more late, which means that it’s going to be off by a small amount. For starters my sales numbers are going... Read more »
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