Archive for December 2017

Case Shiller Chicago Area: 7 Month High In Home Price Appreciation

Case Shiller Chicago Area: 7 Month High In Home Price Appreciation
On Tuesday Dow Jones S&P CoreLogic released the October Case Shiller home price indices which showed that national home prices rose by 6.2% in the last year while the composite for the top 20 metro areas rose by 6.4%. While the Chicago area did realize it’s 60th consecutive month of annual home price gains and... Read more »

Experts Raise Their Forecast For Home Price Appreciation

Experts Raise Their Forecast For Home Price Appreciation
Earlier this month Zillow and Pulsenomics released their 4th quarter 2017 Home Price Expectations Survey of over 100 real estate experts. Their home price appreciation forecast, which just got extended out to 2022, shows additional optimism from the last release. In fact, each of the two previous forecasts has also been more optimistic than the... Read more »

Do You Have Any Idea How Crazy High Illinois Property Taxes Can Be?

Do You Have Any Idea How Crazy High Illinois Property Taxes Can Be?
About 2 years ago I posted on how Chicago Property Taxes Are Some Of The Highest In The Nation And Heading Higher. In that post I showed some of the analyses of property tax rates by state but those averages don’t even begin to tell the whole story of Illinois property taxes. It’s actually much... Read more »
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More Evidence That It's Time For Joseph Berrios To Go

More Evidence That It's Time For Joseph Berrios To Go
Back in June I posted on the Chicago Tribune’s expose on just how screwed up the Cook County Assessor’s office was, resulting in huge discrepancies between the tax bills for expensive and cheap properties in the area. Then, just last week, ProPublica, in conjunction with the Chicago Tribune, published another analysis that showed major problems... Read more »

Chicago Real Estate Market: Strongest November Sales In 11 Years

Chicago Real Estate Market: Strongest November Sales In 11 Years
I picked that headline because it’s a nice attention grabber. It’s technically true but it doesn’t really tell the whole story, which is much more disconcerting. While the Chicago real estate market did have it’s strongest home sales in 11 years November was only up 2.2% from last year and up only 3.4% from November... Read more »

New Tax Plan Likely To Exacerbate Home Inventory Shortage

New Tax Plan Likely To Exacerbate Home Inventory Shortage
The best I can tell there is one provision of the new tax plan that is a done deal. Surprisingly it doesn’t seem to be getting that much press coverage. It’s a change in the requirements for avoiding a capital gains tax on the first $500,000 (for a couple) of gain on the sale of... Read more »
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