New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017
Last week I posted on the hottest neighborhoods for new condo construction in Chicago so now I’m taking a look at the hottest neighborhoods for single family home construction. You’re going to see much the same pattern in terms of pricing across the city. In total I identified 504 homes that I believe to be... Read more »

The No Down Payment Mortgage Is Back With Free Government Money

The No Down Payment Mortgage Is Back With Free Government Money
Late last year I wrote about a lender giving away free money – up to $20,850 – to home buyers in certain areas around Chicago. It was indirectly related to government interference in the housing market. But late last week one of our lenders – Russ Martin of Perl Mortgage – reminded me of a... Read more »

New Condo Construction In Chicago: Hottest Neighborhoods Of 2017

New Condo Construction In Chicago: Hottest Neighborhoods Of 2017
Once a year I like to step back and take a look at new construction in Chicago to better understand what is going on across the city because most of the time we are looking at a microcosm – this building or that neighborhood – and it’s easy to lose sight of the big picture.... Read more »
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Chicago Real Estate Market Update: Weakest July In 5 Years

Chicago Real Estate Market Update: Weakest July In 5 Years
It looks like the Chicago real estate market is back on the see saw. After reporting the best June sales numbers in 10 years last month (in fact, also the highest sales in 10 years of any month) I’m now telling you that July was the weakest in 5 years. But as you’ll see below... Read more »

Casting Call For The Deed: Chicago

Casting Call For The Deed: Chicago
As you know I’m a fan of the CNBC TV show The Deed: Chicago, which focuses on turning around flailing real estate flip projects. I did a recap and analysis of Episode 1 from the first season here: Think You Want To Flip Homes? Watch The Deed: Chicago. As in that episode the show does... Read more »

Can This Monster West Town Mansion Sell For $7.78 MM?

Can This Monster West Town Mansion Sell For $7.78 MM?
On Friday this incredible Chicago mansion hit the market with a list price of approximately $7.78 MM. However, by Saturday afternoon it had been taken Temporarily Off The Market but the virtual tour is still out there and I’ve embedded it below. Aside from the fact that the home is absolutely spectacular what makes this... Read more »
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Chicago's Safest And Most Dangerous Neighborhoods: Assault And Battery

Chicago's Safest And Most Dangerous Neighborhoods: Assault And Battery
This is my final post in my 2017 series on Chicago’s safest and most dangerous neighborhoods. The previous two posts focused first on Chicago’s murders and then on the shootings. Each of those represent a fairly narrow definition of “safe” and “dangerous”. In an attempt to broaden the perspective a bit this post looks at... Read more »

Case Shiller: Chicago Area Falls To Last Place In Home Price Gains

Case Shiller: Chicago Area Falls To Last Place In Home Price Gains
When US single family home prices hit a sixth consecutive monthly high and the top 20 metro areas register an average 5.7% gain in home prices over the last year while Chicago is still struggling to get back to the housing bubble peak and only registers a 3.3% year over year gain…well….that’s sadder than even... Read more »

Chicago Foreclosure Activity: Defaults Approach New Low

Chicago Foreclosure Activity: Defaults Approach New Low
ATTOM Data Solutions/ RealtyTrac released their Midyear 2017 U.S. Foreclosure Market Report™ today and it continues to show that our foreclosure nightmare is slowly fading into a distant, bad memory. Chicago foreclosure activity came close to breaching the low set 17 months ago and defaults came within a hair’s breadth of puncturing the low of... Read more »
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Chicago's Safest And Most Dangerous Neighborhoods Based On Shootings

Chicago's Safest And Most Dangerous Neighborhoods Based On Shootings
Last week I posted on Chicago’s safest and most dangerous neighborhoods based on the murder rate. Although that’s a pretty popular way for people to make a determination of a neighborhood’s relative safety it’s actually a pretty narrow definition. A lot of bad things an happen to people without them getting murdered. For instance, they... Read more »