Archive for June 2020

Case Shiller: Chicago Area Home Price Appreciation Remains Slowest In Nation

Case Shiller: Chicago Area Home Price Appreciation Remains Slowest In Nation
Another month has come and gone and once again Chicago area annual home price appreciation is the slowest among the 20 largest metro areas. This is according to the April Case Shiller home price indices released this morning by S&P CoreLogic. The graph below puts it in perspective. Chicago area single family home prices rose... Read more »

The Lingering Impact Of Covid-19 On The Chicago Real Estate Market

The Lingering Impact Of Covid-19 On The Chicago Real Estate Market
Given how bad May home sales were in Chicago it’s probably a good idea to check in to see how the real estate market is doing. We’re now in the 15th week of the Covid-19 pandemic according to my own calendar of events and the sense on the street is that the real estate market... Read more »

Pandemic Foreclosure Moratorium Depresses Activity For Second Month

Pandemic Foreclosure Moratorium Depresses Activity For Second Month
A couple of weeks ago ATTOM Data Solutions released their May 2020 US Foreclosure Market Report and updated the RealtyTrac data. Once again it reflects the outsized impact of the government’s mandated moratorium on foreclosures during the Covid-19 pandemic. At this point the data is almost meaningless because it’s artificially depressed. Looking at the graph... Read more »
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May Chicago Real Estate Market: As Expected, Worst Ever Sales Decline

May Chicago Real Estate Market: As Expected, Worst Ever Sales Decline
When I did my last monthly update on the Chicago real estate market I told you it was going to get worse because April closings benefited from contract activity prior to the coronavirus hibernation. With April contract activity down 54.4% from the year before it was inevitable that May closings were going to suck. And... Read more »

Surprise! Real Estate Experts Turn Negative On Home Price Outlook

Surprise! Real Estate Experts Turn Negative On Home Price Outlook
Each quarter Zillow and Pulsenomics conduct a survey of a little over 100 real estate experts to find out what their outlook is for US home prices and other real estate trends. Well, yesterday they published the results of their 2nd quarter 2020 Home Price Expectations Survey and the results were very different from all... Read more »

Can A Lawsuit Preserve The Super Secret Pocket Listing?

Can A Lawsuit Preserve The Super Secret Pocket Listing?
Back in November I wrote about how the National Association of Realtors’ new Clear Cooperation Policy was going to finally crack down on the shady pocket listing practice and the super secret realtor networks that enabled them. As my use of adjectives and that previous post hints I’m clearly no fan of pocket listings. I... Read more »
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