Posts in category "Market conditions"

Real Estate Experts Raise Their Home Price Forecast Yet Again

Real Estate Experts Raise Their Home Price Forecast Yet Again
Every quarter Zillow and Pulsenomics collaborate to survey a little over 100 real estate experts to establish a home price forecast for the nation. A couple of days ago they released their 2nd Quarter Home Price Expectations Survey which shows further improvement in their outlook for the real estate market. They’ve been raising their forecast... Read more »

Chicago Homes In Foreclosure Plunged In April

Chicago Homes In Foreclosure Plunged In April
ATTOM Data Solutions updated their foreclosure activity data yesterday and issued a brief press release. For the nation as a whole April foreclosure activity was down on a year over year basis for the 31st consecutive month. The data for Chicago, which I’ve plotted below back to March 2009, shows that Chicago foreclosure activity in... Read more »

Chicago Real Estate Market: Strongest April Sales In 11 Years

Chicago Real Estate Market: Strongest April Sales In 11 Years
You’re not going to see that headline about the Chicago real estate market anywhere else this month. If you will recall, last month I wrote about how Chicago had really weak home sales for March compared to the previous year. However, I also pointed out that, with the exception of that previous March, this March... Read more »
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Where The Foreclosures Are Still Happening In Chicago

Where The Foreclosures Are Still Happening In Chicago
Once a month I do a quick review of Chicago’s foreclosure activity and the overall trend has been very encouraging, with roughly 1/4 – 1/3 of the homes in foreclosure compared to the peak of the housing crisis. However, I recently started paying closer attention to what was going on at a more granular level... Read more »

The Sad Story Of Chicago Area Home Prices In One Graph

The Sad Story Of Chicago Area Home Prices In One Graph
A couple of days ago I did my monthly post on the Case Shiller home price index and how slowly Chicago area home prices have been rising – especially when compared to the rest of the nation. The Chicago real estate market has been appreciating at the second to the lowest rate among the 20... Read more »

Case Shiller: Chicago Area Home Prices Creep Forward

Case Shiller: Chicago Area Home Prices Creep Forward
I’m running out of ways of saying that Chicago area home prices are increasing reaaaalllllly slooooowwwwwwllllly. This morning Dow Jones S&P CoreLogic released their February Case Shiller home price index for the nation and the 20 metro areas they track. While the Case Shiller Chicago area single family home price index showed year over year... Read more »
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Chicago Foreclosure Activity Moved In Wrong Direction In March

Chicago Foreclosure Activity Moved In Wrong Direction In March
Attom Data Solutions released their Q1 2018 U.S. Foreclosure Market Report late last week and highlighted a 19% decline in the nation’s foreclosure activity from the first quarter of 2017. Their data for Chicago foreclosure activity in March also showed a significant increase from February, rising to the highest level since October. Nevertheless, it was... Read more »

Chicago Real Estate Market: Worst Home Sales Decline In 20 Months

Chicago Real Estate Market: Worst Home Sales Decline In 20 Months
The Chicago real estate market continued to stall in March with the worst sales decline in 20 months. Home sales fell by 7.6%, just a smidgen worse than the 7.5% decline we saw in January. This was fully anticipated, given the huge decline in contract activity that we saw in February. However, it’s not as... Read more »

Case Shiller: Chicago Area Home Price Appreciation Still Lagging Nation

Case Shiller: Chicago Area Home Price Appreciation Still Lagging Nation
Dow Jones S&P CoreLogic just released the January Case Shiller Chicago area home price index along with the indices for 19 other major metro areas and the nation as a whole. As has been the case for several years now single family home prices have been up on a year over year basis across the... Read more »
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Chicago Foreclosure Activity Hits New Low While Foreclosures Increase

Chicago Foreclosure Activity Hits New Low While Foreclosures Increase
Yeah, I intentionally wrote a confusing headline in order to make a point. Attom Data Solutions just posted the February foreclosure activity data on their RealtTrac Web site, though they did not issue a new report (that will likely come with next month’s data release). The Chicago foreclosure data apparently tells a contradictory story. On... Read more »