Archive for June 2019

2018 Cook County And Chicago Property Tax Rates Simplified

2018 Cook County And Chicago Property Tax Rates Simplified
The 2018 property tax bills are out (you can look them up here although they will be mailed really soon) and with them the 2018 Cook County Property Tax Rate report, which provides way too much information on everything you might possibly want to know about how the tax bills for last year were calculated.... Read more »

Case Shiller: Chicago Area Home Price Gains Rise To Bottom 25% In Rankings

Case Shiller: Chicago Area Home Price Gains Rise To Bottom 25% In Rankings
According to the April Case Shiller Home price indices released this morning by Dow Jones S&P CoreLogic another of the 20 metro areas tracked – Seattle – fell below the Chicago area in the rankings of year over year single family home price appreciation. This left Chicago 5th from the bottom. In general home price... Read more »

The Decline Of Chicago's 2-4 Flat Rental Buildings

The Decline Of Chicago's 2-4 Flat Rental Buildings
Back in late April the DePaul Institute For Housing Studies (these guys produce great housing data) produced a report on The State Of Rental Housing In Cook County which showed a fairly significant decline in the number of rental units available in Cook County in 2-4 flat buildings. The county (mostly Chicago, right?) has lost... Read more »
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The Best Time To Buy Or Sell A Home In Chicago: Supply Vs. Demand

The Best Time To Buy Or Sell A Home In Chicago: Supply Vs. Demand
This is one of those blog posts where I think I know what I’m going to say but then I end up saying something totally different. I decided to take a different look at when is the best time to buy or sell a home in Chicago. In the past I’ve looked at this in... Read more »

Chicago Foreclosure Activity Going In The Wrong Direction

Chicago Foreclosure Activity Going In The Wrong Direction
After steady declines over the last few years Chicago foreclosure activity has recently shown an uptick. That’s what recent foreclosure data released today by ATTOM Data Solutions, parent company of RealtyTrac, shows. I have the historic data graphed below and you can see a gradual upward drift the last few months. While it’s still true... Read more »

How The Wrong Real Estate Attorney Can Screw Up Your Transaction

How The Wrong Real Estate Attorney Can Screw Up Your Transaction
9 years ago – almost to the day – I wrote a blog post about How To Choose A Real Estate Attorney, in which I explained some of the things that an attorney does to close a real estate transaction and where home buyers and sellers often make mistakes in choosing someone for this important... Read more »
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Chicago Real Estate Market Update: Home Sales Sputter Less Than Last Month

Chicago Real Estate Market Update: Home Sales Sputter Less Than Last Month
For the 9th time in the last 10 months the Chicago real estate market had lower home sales than the previous year. May came in 2.8% lower, which is actually the second lowest decline among those 9 other months. The May sales level was also lower than two years ago. However, if you look at... Read more »

Zillow Offers: Are They Putting Their Money Where Their Zestimate Is?

Zillow Offers: Are They Putting Their Money Where Their Zestimate Is?
Zillow has gotten themselves into a bit of an awkward position with their new Zillow Offers program. They are now in both the business of providing ostensibly unbiased estimates of home values AND buying and selling homes. It’s awkward because, on the one hand, if they determine home values using something other than their Zestimates... Read more »