Archive for August 2019

Getting Paid To Get A Home Loan - When Mortgage Rates Go Negative

Getting Paid To Get A Home Loan - When Mortgage Rates Go Negative
You may have heard about how there is now somewhere around $16 Trillion of debt in the world paying negative interest. That means that you have to pay to lend someone money. For instance, you loan them $100 and they pay you $99 back in a few years and you’re happy about it. I don’t... Read more »

Case Shiller: Chicago Area Home Price Gains Keep Slowing Down

Case Shiller: Chicago Area Home Price Gains Keep Slowing Down
Dow Jones S&P CoreLogic released the June Case Shiller home price indices this morning and revealed, once again, that home price appreciation in the Chicago area and across the nation keeps slowing down. Looking at the entire nation single family home prices appreciated at a mere 3.1% rate over the last year, compared to last... Read more »

Chicago Real Estate Market: How Long It Takes To Sell A Home In 2019

Chicago Real Estate Market: How Long It Takes To Sell A Home In 2019
I’m thinking that every year I should look at how fast newly listed homes sell in Chicago. What better way to tell how the Chicago real estate market is doing? But this is not the simple market time analysis that is readily available through various databases. There are a couple of flaws with that approach:... Read more »
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Chicago Foreclosure Activity Hits New Lows

Chicago Foreclosure Activity Hits New Lows
A couple of weeks ago ATTOM Data Solutions released their mid-year Foreclosure Market Report and late last week they updated the local foreclosure data on their RealtyTrac Web site. Foreclosure activity for the nation was down 18% from a year ago to the lowest level in the 12 years shown in the graph below. However,... Read more »

Selling A Home Fast With An iBuyer - Who Is Losing Their Ass?

Selling A Home Fast With An iBuyer - Who Is Losing Their Ass?
For about 2 1/2 years now I’ve been posting about the iBuyer real estate models – where a company will buy your house from you quickly, for cash. In a nutshell my concern has been that a) enough consumers are smart enough to take advantage of the mistakes these companies will inevitably make that b)... Read more »

Chicago Real Estate Market Update: July Home Sales Down Slightly From Last Year

Chicago Real Estate Market Update: July Home Sales Down Slightly From Last Year
For the last 12 months the Chicago real estate market has been in a sales slump. 11 of those months came in with lower sales than the previous year and roughly once every 3 months the sales decline has been in the double digit percentages. June was one of those double digit months but I... Read more »
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Real Estate Experts Reign In Home Price Forecast - Slightly

Real Estate Experts Reign In Home Price Forecast - Slightly
A couple of weeks ago Zillow and Pulsenomics released the results of their Second Quarter 2019 Home Price Expectations Survey of a panel of just over 100 real estate experts. The graph below summarizes their current outlook for home prices out to 2023 – look at the orange line. It dropped slightly from the first... Read more »

Chicago's Safest And Most Dangerous Neighborhoods 2019: Assault & Battery

Chicago's Safest And Most Dangerous Neighborhoods 2019: Assault & Battery
An updated version of this post is available here with data through June 2020: Chicago’s Safest And Most Dangerous Neighborhoods 2020: Assault And Battery Last week I took a look at where people got murdered in Chicago over the last 12 months in an attempt to offer a simple, albeit flawed, way to assess which... Read more »