Posts in category "Home Prices"

Case Shiller: Chicago Home Price Gains Slowing

Case Shiller: Chicago Home Price Gains Slowing
The Case Shiller Chicago home price index is sure starting to look pretty tired these days, despite the fact that Chicago home prices are still advancing. Well home prices always advance at this time of the year. It’s just a question of how fast they advance relative to previous years. S&P Dow Jones Indices just... Read more »

Case Shiller: Chicago Home Price Growth Slows Slightly

Case Shiller: Chicago Home Price Growth Slows Slightly
This morning’s release of the Case Shiller home price index covers the three month period ending in April. This is a time period when prices are usually on the rise in Chicago and this year is no exception, though it was too hard to compete with last year’s hefty gains so the year over year... Read more »

Case Shiller: Chicago Home Prices Show Highest Growth In 25 Years

Case Shiller: Chicago Home Prices Show Highest Growth In 25 Years
Chicago home prices have been on a real tear lately, soaring ahead of last year by new record percentages each month. March was no exception, with this morning’s release of the Case Shiller home price index. This is the time of year when prices normally start to reverse and go back up with the spring... Read more »
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Home Price Outlook: Economists Still Mildly Optimistic

Home Price Outlook: Economists Still Mildly Optimistic
Late last week Zillow released their latest Home Price Expectations Survey, which is conducted by Pulsenomics. The survey obtains input from over 100 real estate “experts”, including economists. The orange line in the graph below looks at their mean outlook over time for the average annual growth rate for the survey’s time horizon of 5... Read more »

Here's Why The Case Shiller Home Price Index Doesn't Stink

Here's Why The Case Shiller Home Price Index Doesn't Stink
When the Case Shiller home price index for February was released on Tuesday an article appeared on the Business Insider site entitled: Here’s Why The Case Shiller Home Price Index Stinks. The article, written by Mamta  Badkar, referenced the work of Ian Shepherdson of Pantheon Macroeconomics, who has come to the conclusion that the Case... Read more »

Case Shiller: Chicago Condo Prices Soar Ahead Of Last Year

Case Shiller: Chicago Condo Prices Soar Ahead Of Last Year
Yes, this morning’s release of the Case Shiller home price index for February showed prices continuing to decline from the previous month but that is totally normal for this time of year. What is more interesting is the price change relative to last year at this time and of course the index numbers specifically for... Read more »
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Why You Shouldn't Care That Chicago Median Home Prices Rose 26.7% In The Last Year

Why You Shouldn't Care That Chicago Median Home Prices Rose 26.7% In The Last Year
As I told you they would earlier this month in my March Chicago real estate market update, the Illinois Association of Realtors reported yesterday that median home prices in Chicago rose by 26.7% in March from the prior year. The Chicago Tribune reported this fact with this characteristically misleading statement by the media: “Prices continue... Read more »

Why Median Chicago Home Prices Tell You Very Little About Home Prices

Why Median Chicago Home Prices Tell You Very Little About Home Prices
The media and real estate agents throw around Chicago median home prices like everyone is supposed to know what they mean but then they show their own ignorance when they imply that these median home prices somehow tell us all what is happening to the overall level of Chicago home prices. It would be really... Read more »

Case Shiller: Chicago Home Prices Drifted Down Slightly In January

Case Shiller: Chicago Home Prices Drifted Down Slightly In January
You would think that after years of being hit with the last Tuesday of the month rush on their Web site S&P Indices would be able to get the Case Shiller home price index data posted by 8 AM as promised. However, inundated with traffic, they didn’t get all their data posted until around 9... Read more »
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East Village Home Appreciates 30% In 4 Years

East Village Home Appreciates 30% In 4 Years
In the interest of full disclosure, yeah I live in Chicago’s East Village, so I’m a cheerleader for the neighborhood. I also keep a close eye on the real estate market here so when a transaction like 1703 W Huron comes along it gets my attention. Not only was this transaction at the upper end... Read more »
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    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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