Posts in category "Market conditions"

Case Shiller: Chicago Area Home Prices Pulling Away From Bottom Of Pack

Case Shiller: Chicago Area Home Prices Pulling Away From Bottom Of Pack
This morning’s release of the April S&P/ Case Shiller home price indices finally provides evidence that the Chicago area is gaining ground against several other major metropolitan areas. The Case Shiller Chicago index for single family homes posted a +3.1% year over year change, which was the highest level in 13 months. That gain pushed it... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Has Basically Bottomed

RealtyTrac Market Report: Chicago Foreclosure Activity Has Basically Bottomed
I’m afraid that tracking Chicago foreclosure activity has gotten really boring. Last week RealtyTrac released their May foreclosure activity report and all it showed is the same pattern we’ve been seeing for several months now: no real change to speak of from the most recent months but down from last year. In fact, foreclosure activity... Read more »

Chicago Real Estate Market Update: Another 9 Year High In Home Sales

Chicago Real Estate Market Update: Another 9 Year High In Home Sales
For the second month in a row the Chicago real estate market hit a 9 year high in home sales during May as you can see in the graph below, which goes back to 1997. On that graph all the May data points are flagged in red and I’ve also included a blue 12 month... Read more »
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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 »

RealtyTrac Market Report: Chicago Foreclosure Activity Flat But Better Than Last Year

RealtyTrac Market Report: Chicago Foreclosure Activity Flat But Better Than Last Year
RealtyTrac just released their April foreclosure market data but they did not release their normal foreclosure market report. Instead they released a Q2 2016 U.S. Residential Property and Zombie Foreclosure Report which I will discuss later. I used their foreclosure data to update my Chicago foreclosure activity graphs below. Overall activity has pretty much flattened... Read more »
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Chicago Real Estate Investing: How One Investor Just Bought Price Protection

Chicago Real Estate Investing: How One Investor Just Bought Price Protection
Any investment you make is subject to market risk – the risk that the entire market for assets like the one you hold will go down in value – and real estate investing is no exception. The other truism is that anyone who owns a home is a bit of a real estate investor themselves... Read more »

Chicago Real Estate Market Update: Home Sales Jump To 9 Year High

Chicago Real Estate Market Update: Home Sales Jump To 9 Year High
After a weak March and several other months of languishing sales activity the Chicago real estate market came roaring back in April with the highest home sales in 9 years and the largest year over year gain in 9 months. Check out the graph below to see these numbers in their historic context. All the... Read more »

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 »
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RealtyTrac Market Report: Chicago Foreclosure Activity Still High And Not Really Falling

RealtyTrac Market Report: Chicago Foreclosure Activity Still High And Not Really Falling
RealtyTrac just released their March Foreclosure Market Report – the first report in 3 months as they took a break from this activity to release several other reports. The data for Chicago shows that activity has pretty much bottomed out in the last few months. It’s hard to tell from one month to the next... Read more »