Archive for April 2018

The Sad Story Of Chicago Area Home Prices In One Graph

The Sad Story Of Chicago Area Home Prices In One Graph
A couple of days ago I did my monthly post on the Case Shiller home price index and how slowly Chicago area home prices have been rising – especially when compared to the rest of the nation. The Chicago real estate market has been appreciating at the second to the lowest rate among the 20... Read more »

Case Shiller: Chicago Area Home Prices Creep Forward

Case Shiller: Chicago Area Home Prices Creep Forward
I’m running out of ways of saying that Chicago area home prices are increasing reaaaalllllly slooooowwwwwwllllly. This morning Dow Jones S&P CoreLogic released their February Case Shiller home price index for the nation and the 20 metro areas they track. While the Case Shiller Chicago area single family home price index showed year over year... Read more »

Zillow Claims That These Keywords Will Get You 29% More For You Home

Zillow Claims That These Keywords Will Get You 29% More For You Home
Zillow came out with another one of their bizarre real estate analyses a couple of weeks ago. This one focuses on listing descriptions and concludes that just getting a couple of the right words into the description can increase the selling price of the home by up to 29%. Wow! If only it were that... Read more »
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Chicago Foreclosure Activity Moved In Wrong Direction In March

Chicago Foreclosure Activity Moved In Wrong Direction In March
Attom Data Solutions released their Q1 2018 U.S. Foreclosure Market Report late last week and highlighted a 19% decline in the nation’s foreclosure activity from the first quarter of 2017. Their data for Chicago foreclosure activity in March also showed a significant increase from February, rising to the highest level since October. Nevertheless, it was... Read more »

Realtor Logo Redesign Fail Makes Entertaining News

Realtor Logo Redesign Fail Makes Entertaining News
I’m sure that all of you spend your days pondering what exactly a realtor is and that you have a highly emotional attachment to the current realtor logo. Well, for some reason the National Association of Realtors (NAR) decided that the 45 year old logo needed updating. Three days ago we received an email from... Read more »

Chicago Real Estate Market: Worst Home Sales Decline In 20 Months

Chicago Real Estate Market: Worst Home Sales Decline In 20 Months
The Chicago real estate market continued to stall in March with the worst sales decline in 20 months. Home sales fell by 7.6%, just a smidgen worse than the 7.5% decline we saw in January. This was fully anticipated, given the huge decline in contract activity that we saw in February. However, it’s not as... Read more »
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Zillow's Home Price Zestimate Accuracy Still Sucks

Zillow's Home Price Zestimate Accuracy Still Sucks
People pay an awful lot of attention to Zillow’s Zestimates of home prices and, to their credit, Zillow is constantly working to improve their valuation algorithm. In fact I think it was in June of last year that they launched their $1 MM Zillow Prize to be awarded to the team that could most improve... Read more »

Real Estate Brokerages Act As If Size Matters

Real Estate Brokerages Act As If Size Matters
Two weeks ago Crain’s reported on a lawsuit brought against Baird & Warner by @Properties regarding B&W’s Chicago area home sale volume during 2017. According to the article B&W claimed to have done $8.8 B in business last year but @Properties claims that the real number is closer to $5.6B. @Properties is asking “a judge... Read more »