Archive for October 2020

Hottest Chicago New Construction Neighborhoods 2020 - Condos/ Townhomes

Hottest Chicago New Construction Neighborhoods 2020 - Condos/ Townhomes
As a follow up to my annual review of new single family home construction in Chicago I’m now looking at where the new condos and townhomes are being built in the city. This analysis is based upon condos and townhomes that are either currently listed for sale or have been sold (closed, contingent, or pending)... Read more »

Case Shiller: Chicago Area Home Prices Rise Faster But Still Slowest In Nation

Case Shiller: Chicago Area Home Prices Rise Faster But Still Slowest In Nation
S&P Dow Jones released their August CoreLogic Case Shiller home price indices this morning and it shows the same pattern in home price appreciation that we’ve been observing for a while. First, the nation’s home price appreciation is picking up speed – probably due to tighter inventory coming out of the initial pandemic lockdown. For... Read more »

Chicago Foreclosure Activity Remains Depressed Despite High Delinquencies

Chicago Foreclosure Activity Remains Depressed Despite High Delinquencies
Last week ATTOM Data Solutions released their Q3 2020 Foreclosure Market Report in addition to updating their RealtyTrac data. As has been the case for several months now foreclosure activity is pretty much at a standstill as a result of the pandemic induced foreclosure moratorium. This is true both for the city of Chicago and... Read more »
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Hottest Chicago New Construction Neighborhoods 2020 - Single Family Homes

Hottest Chicago New Construction Neighborhoods 2020 - Single Family Homes
My annual review of Chicago’s new construction is one of my favorite posts of the year because it really helps me and others get a read on which neighborhoods are on the move and how fast it’s happening. Want to know where gentrification is happening? Just look for the new single family homes being built... Read more »

UBS: Chicago Homes Most Affordable Among 25 Major Global Cities

UBS: Chicago Homes Most Affordable Among 25 Major Global Cities
Each year the Chief Investment Office of UBS analyzes the housing markets in the top global cities to determine their degree of over or under valuation in order to identify real estate markets at the highest risk of being in a bubble. Chicago has consistently ranked at the bottom of the list – i.e. it... Read more »

Chicago Real Estate Market Update: September Home Sales Soar

Chicago Real Estate Market Update: September Home Sales Soar
After telling you for 3 straight months that the Chicago real estate market should be seeing a significant increase in home sales it finally happened. The really strong contract activity of the last 3 months finally flowed through a little bit in August home sales but September jumped 31.6% over last year. If you look... Read more »
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Real Estate Experts Crank Up Their Home Price Forecasts Again

Real Estate Experts Crank Up Their Home Price Forecasts Again
In light of the Case Shiller home price index update on Tuesday it’s a great time to review the Zillow and Pulsenomics 3rd quarter survey of 104 economists and real estate experts which came out last week and provides a home price forecast out through 2024. If you will recall their 2nd quarter survey, which... Read more »