Posts in category "Home Prices"

Case Shiller: Chicago Area Home Price Gains Once Again Penultimate Metro Ranking

Case Shiller: Chicago Area Home Price Gains Once Again Penultimate Metro Ranking
I’ve always wanted to use the word penultimate and I had to come up with a more unique way of saying once again that the Case Shiller Chicago home price index for March released today has us in second to last place among 20 metro areas that they track. That ranking is based upon year... Read more »

Home Price Forecast: Experts Say Future Looking Better And Worse

Home Price Forecast: Experts Say Future Looking Better And Worse
Last week Zillow and Pulsenomics released the results of their 2nd Quarter 2016 Home Price Expectations Survey of more than 100 housing experts. Their 2016 home price forecast for the nation as a whole improved from last quarter. As you can see in their graph below they are now expecting 4% price appreciation this year... Read more »

Surprise! Chicago Housing Affordability Is Better Than Austin, Texas

Surprise! Chicago Housing Affordability Is Better Than Austin, Texas
My wife and I lived in Austin, Texas back in the early 80s (yeah, I’m dating myself) and it still had a bit of a back woods feel to it. I remember it being a pretty small town relative to Dallas where I grew up. So, under the assumption that the world doesn’t change, I... Read more »
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Case Shiller: Chicago Area Home Price Gains Still Lagging Other Major Metros

Case Shiller: Chicago Area Home Price Gains Still Lagging Other Major Metros
The Chicago area may not be dead last among 20 metro areas in home price appreciation over the last year but it sure is second to last. This is what the latest Case Shiller Chicago home price index for February is showing in this morning’s release. I’ve been tracking the year over year price increase... Read more »

Case Shiller: Chicago Area Home Price Gains Rank Last Among Major Metros

Case Shiller: Chicago Area Home Price Gains Rank Last Among Major Metros
This morning’s release of S&P’s January Case Shiller Home Price index once again shows Chicago in dead last place among 20 metro areas in terms of year over year home price increases. In fact, Chicago’s year over year gains actually declined from the December numbers. Check out the historical graph below which shows that Chicago... Read more »

Strange Home Prices In Chicago's Ukrainian/ East Village

Strange Home Prices In Chicago's Ukrainian/ East Village
About a month ago I wrote about how I often see very odd price variations between different home sales in Chicago that leave me scratching my head. Over the last year I’ve seen 3 single family home sales in my own neighborhood of Ukrainian and East Village that seem very strange so I thought I’d... Read more »
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Home Price Forecast: Experts A Bit More Optimistic

Home Price Forecast: Experts A Bit More Optimistic
Last week Zillow/ Pulsenomics released their 1st Quarter 2016 Home Price Expectations Survey of more than 100 housing experts and the results paint a slightly more optimistic outlook for this year and the next 5. They raised their home price forecast for the nation for 2016 to 3.7% appreciation vs. only 3.4% appreciation last quarter.... Read more »

Case Shiller: Chicago Area Home Prices Gaining Steam But Still Slower Than Other Metros

Case Shiller: Chicago Area Home Prices Gaining Steam But Still Slower Than Other Metros
S&P released the December Case Shiller home price index this morning for the Chicago metro area and 19 other areas. The Case Shiller Chicago index showed a bit of improvement in our year over year price increase but we are still lagging all but one other metro area – Washington DC. The graph below shows... Read more »

Chicago Home Price Variations: University Commons

Chicago Home Price Variations: University Commons
This is a promised follow up to yesterday’s post  about Chicago home price variations that don’t make sense. We recently represented buyers of a Fannie Mae foreclosure at University Commons – a 2 bedroom, 2 bath condo with a den at 1150 W. 15th, unit 418. Although the price is listed at $300,000 it was... Read more »
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Chicago Home Price Variations

Chicago Home Price Variations
I see it all the time and it often leaves me scratching my head. Two similar properties sell for significantly different amounts of money. Or maybe the homes are in fact different but the price differences seem disproportionate to the differences in the properties. On the surface it looks like somebody got a really good... Read more »