Archive for December 2019

Case Shiller: Chicago Area Home Price Growth Continues To Lag Nation

Case Shiller: Chicago Area Home Price Growth Continues To Lag Nation
It looks like we get to end 2019 with another relatively sad note for the Chicago area real estate market. S&P Dow Jones CoreLogic released their October home price data this morning and the Case Shiller Chicago index was pretty pathetic, which really wasn’t much of a surprise given how the data has been trending.... Read more »

US Home Prices To Grow 2.9%. Chicago Area...Not So Much

US Home Prices To Grow 2.9%. Chicago Area...Not So Much
Last week Zillow and Pulsenomics released their 4th quarter home price expectations survey based upon input from over 100 real estate experts. With this release they’ve tacked on another year – 2024. You can see the summary in the graph below. For the 5 years ending in 2023 their cumulative predicted return is identical to... Read more »

Chicago Foreclosure Activity Approaches New Lows Once Again

Chicago Foreclosure Activity Approaches New Lows Once Again
After hitting a 12 month high in October, Chicago foreclosure activity approached new lows in November according to data updated by ATTOM Data Solutions on Monday in conjunction with their November US Foreclosure Activity Report. That just shows you how volatile this data is as you can clearly see in the graph below, which breaks... Read more »
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Understanding The True Value Of A Lower Mortgage Rate

Understanding The True Value Of A Lower Mortgage Rate
A couple of weeks ago I published a guest post on using APR to shop for a mortgage. In short…it gets complicated. One of the more challenging aspects of analyzing different mortgage options is figuring out the tradeoff between the up front fees and the mortgage rate. In other words…are you better off with lower... Read more »

Chicago Real Estate Market: November Sales Fall 8% From Last Year

Chicago Real Estate Market: November Sales Fall 8% From Last Year
Well, it looks like the Chicago real estate market had another slow month of home sales – an 8.1% decline from last year, which is the biggest decline in the last 5 months. We’ve been getting these larger declines every 4 – 6 months, punctuated by a few months of < 5% drops. In fact,... Read more »

Chicago Area Home Price Growth Ranks 95th Out Of 100 Top Metro Areas

Chicago Area Home Price Growth Ranks 95th Out Of 100 Top Metro Areas
Just last week I provided my monthly update on Chicago area home prices based on the Case Shiller index. As I pointed out Chicago hit a 7 year low in annual home price appreciation, slipping to second from the bottom of the 20 metro areas tracked in terms of this measure. However, someone from the... Read more »
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