Not Much Evidence Of A Slowing Chicago Real Estate Market

Not Much Evidence Of A Slowing Chicago Real Estate Market
As I’ve mentioned before there has been a lot of buzz in the Chicago real estate industry over the last few months about a slowing market. However, I’ve been unable to see it in the data. Months of supply, market times, and sale/ list price ratios have not been showing any signs of softening. On... Read more »

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems

Transfer Taxes On "Expensive" Homes Is Not The Solution To Chicago's Problems
In case you’ve missed the news over the last few years Chicago has a lot of problems that are going to cost a lot of money to fix. So everyone is trying to figure out where all the money is going to come from. Well, a few aldermen and special interest groups have an answer... Read more »

Case Shiller: Chicago Area Home Price Appreciation Slows But Rises To 3rd From Last Place

Case Shiller: Chicago Area Home Price Appreciation Slows But Rises To 3rd From Last Place
This morning’s release by Dow Jones S&P CoreLogic of the Case Shiller home price index for August showed that the nation’s single family home prices slowed down their annual rate of appreciation and fell below 6% for the first time in 12 months. At the national level the appreciation rate fell from 6.0% last month... Read more »
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How Chicago Real Estate Investors Can Benefit From Opportunity Zones

How Chicago Real Estate Investors Can Benefit From Opportunity Zones
As part of the 2017 Tax Cuts and Jobs Act congress created tax advantaged Opportunity Zone investments in order to encourage investment in economically distressed communities. Basic information on how this program works is readily available but if you want to get down to specifics – e.g. what kind of Chicago real estate investments would... Read more »

Chicago Foreclosure Activity Hit New Low In September

Chicago Foreclosure Activity Hit New Low In September
ATTOM Data Solutions released their 3rd Quarter Foreclosure Market Report this morning and it shows that foreclosure activity for the nation was down 8% from a year ago. That’s a fairly modest decrease but that’s still a nearly 13 year low and 36% below the pre-recession average. Daren Blomquist, senior vice president at ATTOM Data... Read more »

Chicago Real Estate Market Update: Lowest Home Sales In 6 Years

Chicago Real Estate Market Update: Lowest Home Sales In 6 Years
Well, months of low contract activity have finally caught up with the Chicago real estate market. We had been dodging this day of reckoning for a while by drawing down the backlog of pending home sales but that debt eventually had to be paid back and apparently September was the month for that. Home sales... Read more »
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Chicago's Highest Appreciating Neighborhoods Will Surprise You

Chicago's Highest Appreciating Neighborhoods Will Surprise You
We know that Chicago metro area home prices have not been advancing much in the last year and a half. As I’ve pointed out in my monthly update on the Chicago Case Shiller home price index, we are seriously lagging the rest of the country, behind 18 of the other 19 metro areas that they... Read more »

Chicago Foreclosures: Shadow Inventory Hits New Low

Chicago Foreclosures: Shadow Inventory Hits New Low
Attom Data Solutions/ RealtyTrac released their August Foreclosure Activity Report on Tuesday. Chicago foreclosure activity has been trending downward for quite a while and is near an all time low since I’ve been keeping track in the graph below. In fact, it was down 18.7% from a year ago. However, it does seem to have... Read more »

Case Shiller: Chicago Area Home Price Appreciation Slows Further

Case Shiller: Chicago Area Home Price Appreciation Slows Further
It’s becoming increasingly difficult to come up with different ways of saying that Chicago area home prices are just not appreciating very fast. This morning’s release of the July Case Shiller home price indices by Dow Jones S&P CoreLogic showed a slowing in the nation’s home price appreciation and the Case Shiller Chicago home price... Read more »
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Chicago Area Home Price Trends From 1970 - 2018

Chicago Area Home Price Trends From 1970 - 2018
As I mentioned a while ago, thanks to someone on Cribchatter I recently discovered an old paper written by Karl Case and Robert Shiller (as in Case Shiller home price index) which contained their index of Chicago area home prices going back to early 1970. I was able to splice that time series together with... Read more »