Chicago Foreclosure Activity: Bank Repossessions Surge To 2 Year High

Chicago Foreclosure Activity: Bank Repossessions Surge To 2 Year High
We have yet another month without an official Foreclosure Market Report from RealtyTrac but they did update their data last week which I used to update my Chicago foreclosure activity graph below. As you can see total foreclosure activity has pretty much leveled off in the last 2 years but the individual components are even... Read more »

Chicago Homeowners More Optimistic On Home Values Than In Most Other Cities

Chicago Homeowners More Optimistic On Home Values Than In Most Other Cities
So Quicken Loans does this thing every month where they compare the estimated home value that homeowners put on their refinance applications to the value that is ultimately determined by the appraiser. They then report on the percentage by which the appraised value differs from the homeowner’s estimate, calling it their Home Price Perception Index... Read more »

How US Home Price Appreciation Compares To The Rest Of The World

How US Home Price Appreciation Compares To The Rest Of The World
Last week the Economist published several articles and graphic analyses regarding home price appreciation around the world. The interactive graphics are pretty cool because they allow you to compare US home price appreciation to the appreciation in many different countries using 5 different metrics. I’ve embedded one of their graphics below but because this blogging... Read more »
Advertisement:

Nope...Chicago Home Prices Are Not Above The Bubble Peak

Nope...Chicago Home Prices Are Not Above The Bubble Peak
I’ve been having an ongoing debate for quite some time now with Sabrina, the proprietor of CribChatter, regarding whether or not Chicago home prices are “well past peak” in Chicago’s more affluent neighborhoods. She contends that prices have soared past the bubble peak and I claim they have not. Each of us has our own... Read more »

Chicago Real Estate Market Update: February Another Disappointing Month

Chicago Real Estate Market Update: February Another Disappointing Month
The Chicago real estate market is continuing with the yo-yo theme in February after January hit a 10 year high in home sales. February sales, in fact, were down 2.6% from last year, repeating the pattern of the last few months where we alternate between positive and negative sales changes. Look to the graph below,... Read more »

Chicago's Most Expensive Homes: Converted Substation Still For Sale After 838 Days

Chicago's Most Expensive Homes: Converted Substation Still For Sale After 838 Days
I first wrote about the ComEd substation at 924 N Clark St that had been converted into one of Chicago’s most expensive homes – a way cool luxury mansion – back in November of 2014. Since then I’ve also written a few follow ups about the price changes that followed the initial listing – the last... Read more »
Advertisement:

Case Shiller: Chicago Area Home Prices Show Strongest Gains In 30 Months

Case Shiller: Chicago Area Home Prices Show Strongest Gains In 30 Months
Low home inventory levels are finally starting to have a significant impact on home prices. The only mystery at this point is what took it so long? The December Case Shiller home price index just came out from S&P Corelogic for the 20 metro areas they track and the nation as a whole and it... Read more »

Urban Housing Costs Take Big Bite Out Of Income - But Not In Chicago Area

Urban Housing Costs Take Big Bite Out Of Income - But Not In Chicago Area
Between rising home prices, rising mortgage rates, and rising rents housing costs are on the rise and have just hit some of the highest levels in recent years. Last week Zillow released their Analysis Of Mortgage And Rent Affordability which showed that, nationally, mortgage payments are taking up the largest share of income since June... Read more »

Chicago Foreclosure Activity Levels Off Once Again

Chicago Foreclosure Activity Levels Off Once Again
Once again RealtyTrac has decided not to publish their monthly Foreclosure Market Report, though they did update the data on their site for January. Lately they are doing this more and more as they have many more interesting reports to issue and foreclosure activity is no longer the headline story that it used to be.... Read more »
Advertisement:

Why Good Realtors Will Only Work With Buyers On An Exclusive Basis

Why Good Realtors Will Only Work With Buyers On An Exclusive Basis
This is one of those rare moments when I’m actually in agreement with the real estate industry zealots but I didn’t always see it this way. Before I became a realtor I felt like, as a home buyer, I should be able to work with multiple real estate agents and whoever found me the best... Read more »