Archive for December 2018

Case Shiller: Chicago Home Price Appreciation Strengthens While Nation Slows

Case Shiller: Chicago Home Price Appreciation Strengthens While Nation Slows
According to the October Case Shiller home price index recently released by Dow Jones S&P CoreLogic the nation’s single family home price appreciation slowed down a bit in many of the nation’s markets. While year over year gains for the nation as a whole stayed the same from September at 5.5% the 10 city composite... Read more »

2018's Guide To The Chicago Area's Hottest Neighborhoods

2018's Guide To The Chicago Area's Hottest Neighborhoods
It’s been a little more than a year since I last looked at which Chicago area neighborhoods are the hottest – based upon home price appreciation. I get that data from the Depaul Institute For Housing Studies and they came out with their 2Q 2018 home price indices for 33 submarkets within Cook County back... Read more »

Number Of Chicago Homes In Foreclosure Plunged In November

Number Of Chicago Homes In Foreclosure Plunged In November
Last week ATTOM Data Solutions updated their RealtyTrac Web site with the November statistics and I’ve incorporated their Chicago data in the graphs below. Overall foreclosure activity in Chicago was at the very low end of the historic range as you can tell, and 19.1% lower than last year. No single category of activity was... Read more »
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Why The Outlook Is So Poor For The Chicago Area Real Estate Market

Why The Outlook Is So Poor For The Chicago Area Real Estate Market
My Tuesday blog post included the Pulsenomics outlook for 22 metro areas for 2019 and the Chicago area real estate market came in dead last. This seems to be a pattern. The Chicago area consistently comes in near the bottom of the 20 areas tracked by Case Shiller for one year home price appreciation. And... Read more »

Outlook Not Great For Chicago Area Home Prices

Outlook Not Great For Chicago Area Home Prices
About a week ago Zillow/ Pulsenomics came out with their 4th Quarter Home Price Expectations Survey, the results of which are summarized in the graph below (all graphics in this post are clickable for a larger version). The orange line represents the average forecast of the more than 100 real estate experts included in the... Read more »

Chicago Real Estate Market Update: Home Sales Dip In November

Chicago Real Estate Market Update: Home Sales Dip In November
It looks like November was another slow month for the Chicago real estate market. Sales came in 6.8% below last year, which is the second largest drop in the last 8 months. Also, if you look at the graph below you’ll see that November sales were lower than 2 years ago. When the Illinois Association... Read more »
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Update On Union Row Townhomes - That Bizarre Location

Update On Union Row Townhomes - That Bizarre Location
Back in 2008 Chicago real estate developers thought they could sell just about anything to real estate hungry consumers. And Belgravia Group, an otherwise highly respected Chicago real estate developer, decided to push the limits on that theory when they built the Union Row townhomes on 16th St., literally right next to the Dan Ryan... Read more »