Archive for October 2017

Case Shiller: Chicago Area Home Price Gains Still Trail Rest Of Country

Case Shiller: Chicago Area Home Price Gains Still Trail Rest Of Country
There is definitely some good news in this morning’s release of the Dow Jones S&P CoreLogic Case-Shiller home price index for August (4 different entities have to get their name on that thing). At the national level single family home prices rose 6.1% year over year, hitting a new all time high. And the Case... Read more »

The Ultimate Guide To The Chicago Area's Hottest Neighborhoods

The Ultimate Guide To The Chicago Area's Hottest Neighborhoods
There are probably as many ways to define a hot Chicago neighborhood as there are real estate metrics but it seems to me that the most important one is home prices. That’s why I think you’ll find the Depaul Institute For Housing Studies’ 2Q 2017 release of their home price analysis for Chicago and suburban... Read more »

Real Estate Bargains In Chicago's Ukrainian And East Village Still Exist

Real Estate Bargains In Chicago's Ukrainian And East Village Still Exist
On numerous occasions I’ve written about the smoking hot real estate market in Chicago’s Ukrainian and East Village. That blog post I just linked to was written just a year and a half ago and already the average sales prices shown in that first graph have moved up from around $850,000 to right around $1... Read more »
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How Zillow And Realtor.com Keep Real Estate Commissions High

How Zillow And Realtor.com Keep Real Estate Commissions High
If you’ve ever looked for a home online or just vicariously checked out what’s for sale chances are that you’ve used Zillow (Zillow also owns Trulia) or Realtor.com. These Web sites have made MLS listings directly available to the masses and they’ve added various information resources to keep you engaged on their Web sites. It’s... Read more »

Chicago Foreclosures Drop To Record Low

Chicago Foreclosures Drop To Record Low
What used to be the RealtyTrac foreclosure market reports now come out under Attom Data Solutions, which now owns RealtyTrac, and they typically only come out quarterly. The Q3 2017 U.S. Foreclosure Market Report™ was released last week and it highlights that the nation hit another 11 year low in foreclosure activity. This is really... Read more »

What Real Estate Agents Think Of Commission Rebates

What Real Estate Agents Think Of Commission Rebates
Not that long ago I wrote about how real estate commission rebates were apparently one of the best kept secrets in real estate. I’m not entirely clear on why more home buyers are not aware of this incentive that can put thousands, if not tens of thousands, of dollars in their pockets but more and... Read more »
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Chicago Real Estate Market Update: Tight Inventory Keeps Sales Flat

Chicago Real Estate Market Update: Tight Inventory Keeps Sales Flat
September was another slow sales month for the Chicago real estate market with sales down once again from last year – down 1.2%. In fact, September sales were lower than 3 out of the last 4 years so the real estate market has really stalled. You can see all of this in the graph below... Read more »

Chicago Real Estate Cheapest Among World Cities

Chicago Real Estate Cheapest Among World Cities
Last week UBS came out with their annual Global Real Estate Bubble Index (there is a link on that page for downloading the entire report), which evaluates the risk of a housing bubble in 20 global financial centers. Not only did the Chicago real estate market come out with the lowest risk but it also... Read more »

Chicago's Affordable Housing Quagmire About To Get Deeper

Chicago's Affordable Housing Quagmire About To Get Deeper
Chicago has a long standing love affair with the notion of “affordable housing” – not CHA built housing but privately developed housing that people below various income limits can afford to buy or rent and are granted access to this housing by the city. But it’s not clear if they really love affordable housing or... Read more »
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