Category: Market conditions

Chicago Real Estate Market Update: January Home Sales Hit 4 Year Low

Chicago Real Estate Market Update: January Home Sales Hit 4 Year Low
It looks like January was another weak month for home sales in the Chicago real estate market – down 7.1% from last year. Check out the graph below for the historical perspective. All Januaries are flagged with red markers and the light blue line is a 12 month moving average. January came in lower than... 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 »

Chicago's Most Expensive Condo Sales Of 2018

Chicago's Most Expensive Condo Sales Of 2018
Last week I looked at Chicago’s most expensive single family home sales of 2018 and last year was a bit stronger at the high end than 2017 – 14 homes sold above $4 MM vs. 11 the year before. However, now I’m turning my attention to the most expensive condo sales of 2018 and last... Read more »
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December Saw Near Record Low In Chicago Foreclosure Activity

December Saw Near Record Low In Chicago Foreclosure Activity
ATTOM Data Solutions released their Year End 2018 US Foreclosure Market Report yesterday and they also were kind enough to provide me with the December Chicago foreclosure activity data which I used to update my graph below. Chicago’s total foreclosure activity for December was the second lowest since I’ve been compiling the data and down... Read more »

Chicago's Most Expensive Single Family Home Sales Of 2018

Chicago's Most Expensive Single Family Home Sales Of 2018
You may have heard that the high end of the Chicago real estate market was really smoking hot in 2018 but the reality was a bit more tepid. Don’t get me wrong. 2018 appears to have had more uber-expensive activity than 2017 with 14 home sales above $4 MM (my arbitrary cutoff) compared to 2017’s... Read more »

Contradictions And Irony In The Anti-Gentrification Narrative

Contradictions And Irony In The Anti-Gentrification Narrative
Last week I wrote about the gentrification trend analysis that DePaul’s Institute For Housing Studies does and how it can help identify the neighborhoods with the best price appreciation potential. In reviewing their report I was struck by the monumental contradictions and irony of the whole anti-gentrification movement. Even though I’ve touched on this subject... Read more »
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Chicago Real Estate Market Update: December Home Sales Plunge

Chicago Real Estate Market Update: December Home Sales Plunge
One look at the graph below – all the red squares are December numbers – and it’s pretty obvious that the Chicago real estate market fell off a cliff in the last month of the year. Home sales were down 15.4% from last year, which is the biggest percentage drop in 7 1/2 years, resulting... Read more »

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 »
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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 »