Archive for February 2018

Case Shiller: Chicago Area Lowest Major Metro Home Price Appreciation

Case Shiller: Chicago Area Lowest Major Metro Home Price Appreciation
According to yesterday’s release of the December Case Shiller Home Price Index by Dow Jones S&P CoreLogic the nation’s single family home prices rose by 6.3% in 2017 with Seattle and Las Vegas gaining by double digits for the year. Unfortunately (unless you don’t own a home here), the Case Shiller Chicago area index was... Read more »

More Optimism For Home Price Appreciation Despite What Zillow Says

More Optimism For Home Price Appreciation Despite What Zillow Says
Zillow and Pulsenomics just released their 1st quarter 2018 Home Price Expectations Survey of over 100 real estate experts the other day and it looks like they had some junior analyst writing the press release. Despite their headline about more pessimism from the real estate experts in light of the new tax laws they are... Read more »

Fewer Than 9000 Chicago Homes In Foreclosure

Fewer Than 9000 Chicago Homes In Foreclosure
According to the January data from Attom Data Solutions, parent of RealtyTrac, the number of Chicago homes in the foreclosure process fell below 9000 for the first time since we’ve been tracking the data – 8983 homes to be exact. That sounds like a lot – and it is. But it’s so much less than... Read more »
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Chicago Construction Boom Finally Coming To An End

Chicago Construction Boom Finally Coming To An End
I’m sureĀ  you’ve noticed the numerous construction cranes dotting the Chicago skyline over the last few years. Well, according to a December Crain’s story Chicago actually hit a record of 60 cranes operating in November. But according to that same story construction starts actually declined in 2017 for the first time in 7 years. So... Read more »

Illinois #1 In Nation For Residents Leaving The State

Illinois #1 In Nation For Residents Leaving The State
Isn’t it great to be #1? Well, not when it’s a list of states sorted by people fleeing the state. And that’s the list contained in United Van Lines’ National Movers Study, released last month, where they calculate the percentage of total moves that are from the state (as opposed to to the state). They... Read more »

Chicago Real Estate Market: January Worst Sales Decline In 18 Months

Chicago Real Estate Market: January Worst Sales Decline In 18 Months
I don’t think it was a coincidence that the Chicago real estate market had its worst year over year sales decline in 18 months in January right after having its strongest growth in 9 months during December. As I’ll explain in more detail below, and I alluded to this in last month’s post, I believe... Read more »
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Adlai E. Stevenson High School Driving Home Demand In Buffalo Grove And Nearby Towns

Adlai E. Stevenson High School Driving Home Demand In Buffalo Grove And Nearby Towns
Adlai E. Stevenson High School, District 125, is located in Lincolnshire, Illinois, and is one of the most highly sought after schools in Illinois. It operates one comprehensive high school serving all or part of the communities of Buffalo Grove, Lincolnshire, Long Grove, Prairie View, Deerfield, Mundelein, Hawthorn Woods, Vernon Hills, Lake Forest, Lake Zurich,... Read more »

How To Avoid A Procuring Cause Issue

How To Avoid A Procuring Cause Issue
Several weeks ago I posted on the arcane real estate concept of procuring cause and how it can burn unsuspecting home buyers that fall into its many traps: Procuring Cause: How You Can Get Stuck With A Real Estate Agent. If you are not familiar with the issue and its implications you need to go... Read more »