Archive for November 2018

Is Government Interference In The Real Estate Market Such A Bad Idea?

Is Government Interference In The Real Estate Market Such A Bad Idea?
It looks like real estate populism is alive and well in Chicago and Illinois with growing support for the government to step in and “fix” the real estate market here. You know…stop bad things like rising rents and high home prices through rent control and affordable housing requirements. Never mind that Chicago is probably already... Read more »

Case Shiller: Chicago Area Home Price Appreciation Steady While Nation Slows

Case Shiller: Chicago Area Home Price Appreciation Steady While Nation Slows
Dow Jones S&P CoreLogic just came out with the September Case Shiller home price indices for the top 20 metro areas and the nation as a whole. While year over year home price appreciation is slowing for the rest of the country the Case Shiller Chicago area index for single family homes is holding fairly... Read more »

Chicago Foreclosure Activity Jumped Back Up In October

Chicago Foreclosure Activity Jumped Back Up In October
I’ve updated my Chicago foreclosure activity graph below with the October data from ATTOM Data Solutions’ RealtyTrac Web site which came out late last week. October broke the trend of the previous 4 months which had shown a steady decline in activity. Each of the components was up from September but keep in mind that... Read more »
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I Guess Low Chicago Housing Costs Don't Matter To Amazon

I Guess Low Chicago Housing Costs Don't Matter To Amazon
While it’s been rumored for a while, Amazon finally announced their choices for their 2nd and 3rd base of operations (can you really call it a headquarters at this point?) and neither is in Chicago. Although many of us, including me, thought Chicago had a lot going for it, speculation is that Chicago’s and Illinois’... Read more »

Villa Taj: Burr Ridge's Albatross Mansion

Villa Taj: Burr Ridge's Albatross Mansion
For almost as long as we’ve been in business there has been a lonely mansion in Burr Ridge at 6501 S County Line Rd that has been looking for someone to love it. Once known as Villa Taj and later as Palace Royale, it has been on and off the market through the years, starting... Read more »

Chicago Real Estate Market Update: Home Sales Flat To Last Year

Chicago Real Estate Market Update: Home Sales Flat To Last Year
Well, the speculation among realtors continues that the Chicago real estate market is slowing down – especially after September’s 15% decline in home sales from last year. So I was particularly interested in the October results and on Monday I even looked at October listing cancellations to see if there was any hard data to... Read more »
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Not Much Evidence Of A Slowing Chicago Real Estate Market

Not Much Evidence Of A Slowing Chicago Real Estate Market
As I’ve mentioned before there has been a lot of buzz in the Chicago real estate industry over the last few months about a slowing market. However, I’ve been unable to see it in the data. Months of supply, market times, and sale/ list price ratios have not been showing any signs of softening. On... Read more »

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems
In case you’ve missed the news over the last few years Chicago has a lot of problems that are going to cost a lot of money to fix. So everyone is trying to figure out where all the money is going to come from. Well, a few aldermen and special interest groups have an answer... Read more »