Archive for August 2020

Reality Doesn't Live Up To The Real Estate Negotiation Myth

Reality Doesn't Live Up To The Real Estate Negotiation Myth
At this point in my career I’ve witnessed or been a party to hundreds of real estate negotiations and I can tell you in no uncertain terms that the process doesn’t usually live up to the expectations of either home buyers or sellers. I actually wrote a really comprehensive blog post on this topic about... Read more »

Case Shiller: Chicago Area Home Prices Falling Further And Further Behind

Case Shiller: Chicago Area Home Prices Falling Further And Further Behind
Yesterday S&P Dow Jones released the CoreLogic Case Shiller home price indices for June and it’s just more of the same stuff I’ve been whining about for months, if not years. The Case Shiller Chicago area home price index highlights a real estate market whose home prices are seriously lagging the rest of the country.... Read more »

The Best Time To Buy Or Sell A Home In The Chicago Area: Seasonal Prices

The Best Time To Buy Or Sell A Home In The Chicago Area: Seasonal Prices
About a year ago I looked at the best time to buy or sell a home in Chicago from a supply and demand perspective. Theoretically, looking at the market that way should get you the best price for a home sale or purchase. However, what does the data actually tell us? Well, I’ve done this... Read more »
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Pandemic May Have Halted Foreclosures But Delinquencies Still Rise

Pandemic May Have Halted Foreclosures But Delinquencies Still Rise
On Thursday ATTOM Data Solutions released their July 2020 Foreclosure Market Report and updated their local data on their RealtyTrac Web site. It’s no surprise that the data remains boring as hell. Because of the foreclosure moratorium imposed during the pandemic foreclosure activity ground to a halt starting in April so my graph below just... Read more »

July Chicago Real Estate Market Shows Strong Signs Of Comeback

July Chicago Real Estate Market Shows Strong Signs Of Comeback
As expected the Chicago real estate market began to make up for a lot of lost time in July. Not only did sales (closings) come back to more normal levels but the stage is set for even stronger growth in August. The graph below shows Chicago monthly home sales going back to 1997 with all... Read more »

Chicago's Safest And Most Dangerous Neighborhoods 2020: Assault & Battery

Chicago's Safest And Most Dangerous Neighborhoods 2020: Assault & Battery
Last week I posted a summary of the Chicago neighborhoods with the highest incidence of murder over the last 12 months. However, what people really want to know is which are Chicago’s safest and most dangerous neighborhoods and knowing where the murders are taking place really doesn’t help you answer that question. Although Chicago has... Read more »
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