Posts in category "Chicago real estate"

Chicago Area Real Estate Market: Home Sellers Finally Profit

Chicago Area Real Estate Market: Home Sellers Finally Profit
As I like to remind you there is entirely too much talk about how high home prices are and how the housing market is in another bubble. Based upon all the talk you would think that the average Chicago area home seller is raking in huge profits on the sale of their home but it’s... Read more »

Price Point Mattered In The History Of Chicago's Housing Bubble

Price Point Mattered In The History Of Chicago's Housing Bubble
This was originally going to be a quick and easy blog post about how the upper end of the Chicago housing market was on a tear and growing faster than any other segment. But then the data wasn’t exactly cooperating with my preconceived notion and it became clear that there was actually a very different... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Has Really Bottomed

RealtyTrac Market Report: Chicago Foreclosure Activity Has Really Bottomed
I’m really running out of ways of saying that Chicago foreclosure activity has bottomed out. The graph below has been updated based upon this morning’s release of the RealtyTrac Foreclosure Market Report for December and, as you can see, the data has been bouncing around at the same level for several months now. The good... Read more »
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Chicago Property Taxes Are Some Of The Highest In The Nation And Heading Higher

Chicago Property Taxes Are Some Of The Highest In The Nation And Heading Higher
Since I’m personally staring at a 45% property tax increase for 2015 I’m spending far too much time thinking about Chicago property taxes. I already tried to appeal mine myself but made little headway at the first level so I’m bringing in professional appeal attorneys to take it to the next level – the Cook... Read more »

RealtyTrac Market Report: Not Much Progress In Chicago Foreclosures

RealtyTrac Market Report: Not Much Progress In Chicago Foreclosures
Given all the signs of improvement in Chicago foreclosures you would think that the foreclosure data would reflect the positive trends. Nevertheless, the Chicago data from Thursday’s release of RealtyTrac’s November Foreclosure Market Report does not look so exciting and it’s hard to figure out why. Look at the graph below and you’ll see that... Read more »

RealtyTrac Market Report: Chicago Foreclosures Lingering

RealtyTrac Market Report: Chicago Foreclosures Lingering
RealtyTrac released their October Foreclosure Market Report on Thursday and it’s a mixed bag. I certainly didn’t find the national data that interesting or enlightening. For Chicago the most interesting observation is that defaults, on a year over basis, have either been declining or rising by small single digit percentages in every month since I’ve... Read more »
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Chicago Loop Home Prices: 340 On The Park, 340 E Randolph

Chicago Loop Home Prices: 340 On The Park, 340 E Randolph
Back in September Crain’s ran a story about how, in a survey of 65 downtown condo buildings, Appraisal Research Counselors concluded that on average prices in those buildings were now within 4.3% of their peak price/ sq ft. In related news there has been much debate on Cribchatter during the last year about whether or... Read more »

Chicago's Safest And Most Dangerous Neighborhoods For The Money

Chicago's Safest And Most Dangerous Neighborhoods For The Money
In one of my recent blog posts about Chicago crime someone asked me if I had looked at the data in relation to home prices. I think we all know intuitively what the answer is but I decided to actually do a quantitative analysis to see if any neighborhoods stuck out in terms of being... Read more »

How The 2014 Chicago Real Estate Market Really Compares To Last Year

How The 2014 Chicago Real Estate Market Really Compares To Last Year
We have this ongoing debate on Cribchatter about whether or not the Chicago real estate market is dead. According to Sabrina in a recent post “(September appears to be the WORST month in 2013 to have listed. Lots of properties listed in September are just sitting there.) The Chicago market has really slowed.” and later... Read more »
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Chicago Area MLS: Basement Square Footage No Longer Exists

Chicago Area MLS: Basement Square Footage No Longer Exists
According to MRED, the entity that manages the Chicago area MLS, Chicago basements will disappear this week – or at least they want them to. After much deliberation the committee that decides such things apparently decided that any space more than 50% below grade has absolutely no value so realtors should not be able to... Read more »