Archive for August 2017

Home Price Forecast: Additional Optimism From Experts

Home Price Forecast: Additional Optimism From Experts
The 3rd Quarter 2017 Home Price Expectations Survey for the nation came out from Zillow and Pulsenomics a couple of weeks ago. This quarterly survey of 114 real estate experts produced a slightly more optimistic outlook for home prices than it did last quarter and last quarter was more optimistic than the quarter before that.... Read more »

Case Shiller: Chicago Area Home Price Gains Still Anemic

Case Shiller: Chicago Area Home Price Gains Still Anemic
Well, at least the Chicago area is not in last place this month. However, S&P Dow Jones released their Case-Shiller Home Price Index for June today and it still shows the Chicago area lagging most of the rest of the country in terms of year over year home price gains. The Case Shiller Chicago index... Read more »

Chicago Foreclosure Activity: Record Low Not Really A Good Thing

Chicago Foreclosure Activity: Record Low Not Really A Good Thing
In lieu of their usual Foreclosure Market Report this month RealtyTrac released a report on equity rich and seriously underwater homeowners. However, I still grabbed their updated data for Chicago foreclosure activity which shows July hitting a new low since I’ve been tracking the data. Now, I’ve written about this before – the fact that... Read more »
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Many Chicago Area Homeowners Still Underwater On Mortgages

Many Chicago Area Homeowners Still Underwater On Mortgages
Last week ATTOM data solutions, the parent of RealtyTrac, came out with their Q2 2017 U.S. Home Equity & Underwater Report that looks at how well the nation’s homeowners are doing with respect to the equity in their homes. As you no doubt know home equity is a substantial portion of the net worth of... Read more »

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017
Last week I posted on the hottest neighborhoods for new condo construction in Chicago so now I’m taking a look at the hottest neighborhoods for single family home construction. You’re going to see much the same pattern in terms of pricing across the city. In total I identified 504 homes that I believe to be... Read more »

The No Down Payment Mortgage Is Back With Free Government Money

The No Down Payment Mortgage Is Back With Free Government Money
Late last year I wrote about a lender giving away free money – up to $20,850 – to home buyers in certain areas around Chicago. It was indirectly related to government interference in the housing market. But late last week one of our lenders – Russ Martin of Perl Mortgage – reminded me of a... Read more »
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New Condo Construction In Chicago: Hottest Neighborhoods Of 2017

New Condo Construction In Chicago: Hottest Neighborhoods Of 2017
Once a year I like to step back and take a look at new construction in Chicago to better understand what is going on across the city because most of the time we are looking at a microcosm – this building or that neighborhood – and it’s easy to lose sight of the big picture.... Read more »

Chicago Real Estate Market Update: Weakest July In 5 Years

Chicago Real Estate Market Update: Weakest July In 5 Years
It looks like the Chicago real estate market is back on the see saw. After reporting the best June sales numbers in 10 years last month (in fact, also the highest sales in 10 years of any month) I’m now telling you that July was the weakest in 5 years. But as you’ll see below... Read more »

Casting Call For The Deed: Chicago

Casting Call For The Deed: Chicago
As you know I’m a fan of the CNBC TV show The Deed: Chicago, which focuses on turning around flailing real estate flip projects. I did a recap and analysis of Episode 1 from the first season here: Think You Want To Flip Homes? Watch The Deed: Chicago. As in that episode the show does... Read more »
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Can This Monster West Town Mansion Sell For $7.78 MM?

Can This Monster West Town Mansion Sell For $7.78 MM?
On Friday this incredible Chicago mansion hit the market with a list price of approximately $7.78 MM. However, by Saturday afternoon it had been taken Temporarily Off The Market but the virtual tour is still out there and I’ve embedded it below. Aside from the fact that the home is absolutely spectacular what makes this... Read more »