Archive for July 2019

Case Shiller: Chicago Area Home Price Growth Slows To 3 1/2 Year Low

Case Shiller: Chicago Area Home Price Growth Slows To 3 1/2 Year Low
The May Dow Jones S&P CoreLogic Case Shiller home price indices came out this morning, showing once again that home price appreciation is slowing even more across the country. And, sadly, Chicago area home price growth dropped another notch in the rankings – to 4th from the bottom with only a 1.6% year over year... Read more »

What This Realogy/ Amazon TurnKey Real Estate Partnership Really Is

What This Realogy/ Amazon TurnKey Real Estate Partnership Really Is
About 3 weeks ago I wrote about how traditional real estate brokerages, personified by the likes of Realogy, were essentially doomed. Then on Tuesday Realogy announced a “major” partnership with Amazon called TurnKey and their stock surged as much as 30% on the news. Something about people shopping for homes on Amazon and getting a... Read more »

Chicago's Safest And Most Dangerous Neighborhoods 2019: Murders

Chicago's Safest And Most Dangerous Neighborhoods 2019: Murders
We get these questions all the time from potential Chicago homebuyers: Is this neighborhood safe? What are the safest neighborhoods? And then plenty of people just want to know for the heck of it which neighborhoods are the most dangerous. I assume they’re just curious and not really interested in moving to those dangerous neighborhoods.... Read more »
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Chicago Foreclosure Activity Flattened Out In June

Chicago Foreclosure Activity Flattened Out In June
After several months in which Chicago foreclosure activity has drifted up June was relatively flat. Well, it was actually slightly higher than May but not by a significant amount. So, technically, it was at the highest level in 8 months. You can see this in the graph below, constructed from RealtyTrac data. RealtyTrac is a... Read more »

Case Shiller Home Price Futures And Options Can Hedge Chicago Area Home Prices

Case Shiller Home Price Futures And Options Can Hedge Chicago Area Home Prices
John H Dolan has been the market maker for the Case Shiller futures for much of the last eight years. I often reference his work, which can be found at www.homepricefutures.com, when attempting to provide a home price forecast for the Chicago area. He wrote the following post to address the question of how the... Read more »

Chicago Real Estate Market Update: Home Sales Sink Once Again

Chicago Real Estate Market Update: Home Sales Sink Once Again
It looks like June was another fairly weak month for the Chicago real estate market. In about 2 weeks the Illinois Association of Realtors will report a decline in home sales of around 13.4%. My own, more consistent measure puts the sales decline at 10.4%. And June would also mark the 11th month out of... Read more »
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What The Stock Market Tells Us About The Future Of The Real Estate Industry

What The Stock Market Tells Us About The Future Of The Real Estate Industry
I’ve been predicting the demise of the traditional real estate agent/ brokerage for a couple of decades now. I got into the business 12 years ago because I believed that there was about to be an explosion of interest in alternative brokerage models. Yet, the future of the real estate industry has been slow to... Read more »

36% Of Home Sellers Cry While Trying To Sell Their Home

36% Of Home Sellers Cry While Trying To Sell Their Home
Last week Zillow released the results of a survey they did on home selling which revealed that selling a home was the most stressful event that people deal with in their lives except for a relationship breakup. It beat out planning a wedding, getting fired, or becoming a parent. In fact, according to the survey... Read more »