Getting Real

Posts in category "Chicago real estate"

Chicago January Home Sales Only Slightly Up From Last Year

We’ve got the Illinois Association of Realtors January home sale report for Chicago coming up in a couple of weeks. What it will show is that January home sales were up a paltry 4.9% from January of last year – similar to the change we saw for December Chicago home sales. To put this number... Read more »

By Gary Lucido,
February 7, 2012 at 10:31 am

• Leave a comment

Chicago Home Prices: Largest Monthly Drop In 3 Years

The release of the Case Shiller Home Price Index for November must have been pretty hotly anticipated – or S&P’s was having technical problems – maybe both. It took me an hour just to get to the data this morning. Once again the Case Shiller index shows that Chicago home prices continued to fall –... Read more »

By Gary Lucido,
January 31, 2012 at 9:08 am

• Leave a comment

December Home Sales In Chicago Slightly Better Than Originally Thought

A few days ago I reported on Chicago home sales for the month of December along with contract activity and distressed property sales. I just found out that the data source that I use to gather that data had a bug in it that has since been corrected. This bug only affected the sales count... Read more »

By Gary Lucido,
January 12, 2012 at 11:15 am

• Leave a comment

Why You Can't Find A Decent Chicago Condo: Record Low Inventories

You’ve been looking for a Chicago condo for months now and it seems like you just can’t find anything decent. All the condos in Chicago seem to be either overpriced or in pretty terrible shape. Well, there’s a very real reason why your condo search seems to be going nowhere. As I’ve pointed out before... Read more »

By Gary Lucido,
January 12, 2012 at 5:52 am

• 7 comments

Chicago December Home Sales: Strong Contract Activity But Flat Sales

In two weeks the Illinois Association of Realtors will be releasing December home sales figures for the Chicago area and all of Illinois. What the Chicago numbers will show is basically flat sales relative to last year – up only 1.3%. That’s the smallest year over year increase in the last 6 months – probably... Read more »

By Gary Lucido,
January 8, 2012 at 8:40 pm

• Leave a comment

Chicago Home Prices Likely To Hit New Low In January

With Tuesday’s release of the Case Shiller index showing another drop in Chicago home prices I thought I would take a closer look at what lies in store for 2012. According to the Case Shiller folks there’s normally a bit of seasonality in Chicago home prices with the September Case Shiller index about 3% above... Read more »

By Gary Lucido,
December 28, 2011 at 9:33 pm

• Leave a comment

Chicago Home Prices Continue Falling In October

The Case Shiller Home Price Index just came out and it shows a continued decline in Chicago home prices in October. If you will recall prices had been rebounding for several months – for the third time. Then starting in September they turned around. Now in October this quadruple dip is starting to take shape... Read more »

By Gary Lucido,
December 27, 2011 at 8:49 am

• 4 comments

November Home Sales Finally Show Meaningful Improvement In Chicago

When the Illinois Association of Realtors releases the November home sales numbers for Chicago and Illinois in two weeks they will once again show a significant increase in closings over last year – this time approximately 20.3% higher. However, as I’ve pointed out on numerous occasions, it’s not really appropriate to compare 2011 sales to... Read more »

By Gary Lucido,
December 7, 2011 at 3:19 pm

• 2 comments

Case Shiller Index: Chicago Home Prices May Be Heading Back Down

If the pattern of the last 3 years is any indication of the future we may see a new low in Chicago area home prices this spring. Case Shiller just came out with their September home price index for 20 metro areas and it shows single family home prices declining by 0.8% and condo prices... Read more »

By Gary Lucido,
November 29, 2011 at 9:29 am

• Leave a comment

Will Record Low Home Inventory Levels Support Prices In Chicago?

As I’ve said before, there is only so much pain that Chicago home sellers can take. At some point they just give up and stay put – or become reluctant landlords. Based upon recent inventory trends it sure looks like that time is here. At the end of October the months of supply of 2... Read more »

By Gary Lucido,
November 10, 2011 at 7:07 am

• Leave a comment

◄ Previous page Next page ►