Category: Home Prices

Real Estate Experts More Optimistic About Home Prices Except For Chicago Area

Real Estate Experts More Optimistic About Home Prices Except For Chicago Area
Zillow and Pulsenomics recently came out with their first quarter home price expectations survey of more than 100 real estate experts. The graph below provides their updated view (the orange line) from December, dropping 2018 appreciation from the time horizon and just focusing on the next 5 years, including 2019. If you go back to... Read more »

Case Shiller: Chicago Area Home Price Gains Advance To 3rd From Bottom

Case Shiller: Chicago Area Home Price Gains Advance To 3rd From Bottom
This morning’s release of Dow Jones S&P CoreLogic’s Case Shiller home price indices for December show the nation’s home price appreciation slowing down further. The Chicago area’s gains also slowed slightly but since the nation slowed down much more it’s giving us an opportunity to catch up – relatively speaking. We have now advanced to... Read more »

Case Shiller: Chicago Condos Show Weakest Price Gains In Almost 4 Years

Case Shiller: Chicago Condos Show Weakest Price Gains In Almost 4 Years
Dow Jones S&P CoreLogic just released their November Case Shiller home price indices and they show further slowing in price appreciation for both the nation and the Chicago area. For single family homes year over year appreciation in the Case Shiller Chicago index slowed only slightly to 3.1% vs. 3.3% in October. However, broader measures... Read more »
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Chicago Gentrification Trends Flag Best Real Estate Returns

Chicago Gentrification Trends Flag Best Real Estate Returns
Obviously a lot of home buyers are obsessed with which neighborhoods have the most potential for home price appreciation. Consequently, I’ve recently written a few posts on which Chicago neighborhoods have been the hottest in terms of price appreciation using a couple of different data sets. However, there is yet another perspective to be gained... Read more »

Case Shiller: Chicago Home Price Appreciation Strengthens While Nation Slows

Case Shiller: Chicago Home Price Appreciation Strengthens While Nation Slows
According to the October Case Shiller home price index recently released by Dow Jones S&P CoreLogic the nation’s single family home price appreciation slowed down a bit in many of the nation’s markets. While year over year gains for the nation as a whole stayed the same from September at 5.5% the 10 city composite... Read more »

2018's Guide To The Chicago Area's Hottest Neighborhoods

2018's Guide To The Chicago Area's Hottest Neighborhoods
It’s been a little more than a year since I last looked at which Chicago area neighborhoods are the hottest – based upon home price appreciation. I get that data from the Depaul Institute For Housing Studies and they came out with their 2Q 2018 home price indices for 33 submarkets within Cook County back... Read more »
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Why The Outlook Is So Poor For The Chicago Area Real Estate Market

Why The Outlook Is So Poor For The Chicago Area Real Estate Market
My Tuesday blog post included the Pulsenomics outlook for 22 metro areas for 2019 and the Chicago area real estate market came in dead last. This seems to be a pattern. The Chicago area consistently comes in near the bottom of the 20 areas tracked by Case Shiller for one year home price appreciation. And... Read more »

Outlook Not Great For Chicago Area Home Prices

Outlook Not Great For Chicago Area Home Prices
About a week ago Zillow/ Pulsenomics came out with their 4th Quarter Home Price Expectations Survey, the results of which are summarized in the graph below (all graphics in this post are clickable for a larger version). The orange line represents the average forecast of the more than 100 real estate experts included in the... Read more »

Case Shiller: Chicago Area Home Price Appreciation Steady While Nation Slows

Case Shiller: Chicago Area Home Price Appreciation Steady While Nation Slows
Dow Jones S&P CoreLogic just came out with the September Case Shiller home price indices for the top 20 metro areas and the nation as a whole. While year over year home price appreciation is slowing for the rest of the country the Case Shiller Chicago area index for single family homes is holding fairly... Read more »
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I Guess Low Chicago Housing Costs Don't Matter To Amazon

I Guess Low Chicago Housing Costs Don't Matter To Amazon
While it’s been rumored for a while, Amazon finally announced their choices for their 2nd and 3rd base of operations (can you really call it a headquarters at this point?) and neither is in Chicago. Although many of us, including me, thought Chicago had a lot going for it, speculation is that Chicago’s and Illinois’... Read more »