Archive for October 2018

Case Shiller: Chicago Area Home Price Appreciation Slows But Rises To 3rd From Last Place

Case Shiller: Chicago Area Home Price Appreciation Slows But Rises To 3rd From Last Place
This morning’s release by Dow Jones S&P CoreLogic of the Case Shiller home price index for August showed that the nation’s single family home prices slowed down their annual rate of appreciation and fell below 6% for the first time in 12 months. At the national level the appreciation rate fell from 6.0% last month... Read more »

How Chicago Real Estate Investors Can Benefit From Opportunity Zones

How Chicago Real Estate Investors Can Benefit From Opportunity Zones
As part of the 2017 Tax Cuts and Jobs Act congress created tax advantaged Opportunity Zone investments in order to encourage investment in economically distressed communities. Basic information on how this program works is readily available but if you want to get down to specifics – e.g. what kind of Chicago real estate investments would... Read more »

Chicago Foreclosure Activity Hit New Low In September

Chicago Foreclosure Activity Hit New Low In September
ATTOM Data Solutions released their 3rd Quarter Foreclosure Market Report this morning and it shows that foreclosure activity for the nation was down 8% from a year ago. That’s a fairly modest decrease but that’s still a nearly 13 year low and 36% below the pre-recession average. Daren Blomquist, senior vice president at ATTOM Data... Read more »
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Chicago Real Estate Market Update: Lowest Home Sales In 6 Years

Chicago Real Estate Market Update: Lowest Home Sales In 6 Years
Well, months of low contract activity have finally caught up with the Chicago real estate market. We had been dodging this day of reckoning for a while by drawing down the backlog of pending home sales but that debt eventually had to be paid back and apparently September was the month for that. Home sales... Read more »

Chicago's Highest Appreciating Neighborhoods Will Surprise You

Chicago's Highest Appreciating Neighborhoods Will Surprise You
We know that Chicago metro area home prices have not been advancing much in the last year and a half. As I’ve pointed out in my monthly update on the Chicago Case Shiller home price index, we are seriously lagging the rest of the country, behind 18 of the other 19 metro areas that they... Read more »