Case Shiller Home Price Futures And Options Can Hedge Chicago Area Home Prices

Case Shiller Home Price Futures And Options Can Hedge Chicago Area Home Prices
John H Dolan has been the market maker for the Case Shiller futures for much of the last eight years. I often reference his work, which can be found at www.homepricefutures.com, when attempting to provide a home price forecast for the Chicago area. He wrote the following post to address the question of how the... Read more »

Chicago Real Estate Market Update: Home Sales Sink Once Again

Chicago Real Estate Market Update: Home Sales Sink Once Again
It looks like June was another fairly weak month for the Chicago real estate market. In about 2 weeks the Illinois Association of Realtors will report a decline in home sales of around 13.4%. My own, more consistent measure puts the sales decline at 10.4%. And June would also mark the 11th month out of... Read more »

What The Stock Market Tells Us About The Future Of The Real Estate Industry

What The Stock Market Tells Us About The Future Of The Real Estate Industry
I’ve been predicting the demise of the traditional real estate agent/ brokerage for a couple of decades now. I got into the business 12 years ago because I believed that there was about to be an explosion of interest in alternative brokerage models. Yet, the future of the real estate industry has been slow to... Read more »
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36% Of Home Sellers Cry While Trying To Sell Their Home

36% Of Home Sellers Cry While Trying To Sell Their Home
Last week Zillow released the results of a survey they did on home selling which revealed that selling a home was the most stressful event that people deal with in their lives except for a relationship breakup. It beat out planning a wedding, getting fired, or becoming a parent. In fact, according to the survey... Read more »

2018 Cook County And Chicago Property Tax Rates Simplified

2018 Cook County And Chicago Property Tax Rates Simplified
The 2018 property tax bills are out (you can look them up here although they will be mailed really soon) and with them the 2018 Cook County Property Tax Rate report, which provides way too much information on everything you might possibly want to know about how the tax bills for last year were calculated.... Read more »

Case Shiller: Chicago Area Home Price Gains Rise To Bottom 25% In Rankings

Case Shiller: Chicago Area Home Price Gains Rise To Bottom 25% In Rankings
According to the April Case Shiller Home price indices released this morning by Dow Jones S&P CoreLogic another of the 20 metro areas tracked – Seattle – fell below the Chicago area in the rankings of year over year single family home price appreciation. This left Chicago 5th from the bottom. In general home price... Read more »
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The Decline Of Chicago's 2-4 Flat Rental Buildings

The Decline Of Chicago's 2-4 Flat Rental Buildings
Back in late April the DePaul Institute For Housing Studies (these guys produce great housing data) produced a report on The State Of Rental Housing In Cook County which showed a fairly significant decline in the number of rental units available in Cook County in 2-4 flat buildings. The county (mostly Chicago, right?) has lost... Read more »

The Best Time To Buy Or Sell A Home In Chicago: Supply Vs. Demand

The Best Time To Buy Or Sell A Home In Chicago: Supply Vs. Demand
This is one of those blog posts where I think I know what I’m going to say but then I end up saying something totally different. I decided to take a different look at when is the best time to buy or sell a home in Chicago. In the past I’ve looked at this in... Read more »

Chicago Foreclosure Activity Going In The Wrong Direction

Chicago Foreclosure Activity Going In The Wrong Direction
After steady declines over the last few years Chicago foreclosure activity has recently shown an uptick. That’s what recent foreclosure data released today by ATTOM Data Solutions, parent company of RealtyTrac, shows. I have the historic data graphed below and you can see a gradual upward drift the last few months. While it’s still true... Read more »
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How The Wrong Real Estate Attorney Can Screw Up Your Transaction

How The Wrong Real Estate Attorney Can Screw Up Your Transaction
9 years ago – almost to the day – I wrote a blog post about How To Choose A Real Estate Attorney, in which I explained some of the things that an attorney does to close a real estate transaction and where home buyers and sellers often make mistakes in choosing someone for this important... Read more »