Getting Real

Another New Low In Chicago Housing Prices

Oh, the humanity! The Case Shiller home price index just came out for Chicago for the month of February and it’s more bad news for sellers (but good news for buyers). Single family home prices dropped by another 2.6% while condo prices fell by another 2.4%. Chicago was one of 9 cities where home prices... Read more »

By Gary Lucido,
April 24, 2012 at 8:41 am

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Chicago Home Prices Hit Lowest Level In 11 Years

It was all but certain that today’s release of the January Case Shiller home price index for Chicago was going to show continued declines and hit a new record low. And now that we have the numbers we can see just how bad it is – for sellers. With an additional 1.9% decline for single... Read more »

By Gary Lucido,
March 27, 2012 at 8:59 am

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Why I Bought A Home Now After Renting For 12 Years

Realtor’s Home Purchase Ensures That Chicago Home Prices Will Crash On Friday, after renting for 12 years, my wife and I became homeowners for the 4th time. Obviously buying a home in Chicago was not a decision that we entered into lightly. When we first arrived in Chicago in 2000 we suffered from major sticker... Read more »

By Gary Lucido,
March 19, 2012 at 6:32 am

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Record Low Home Inventory Should Support Chicago Home Prices

Despite the fact that home prices in Chicago seem to be heading lower in the short run there are some strong positive indicators for prices in the longer term. We just updated our home inventory numbers for Chicago for 2 – 3 bedroom condos – the sweet spot of the market – and it shows... Read more »

By Gary Lucido,
March 8, 2012 at 9:27 am

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Chicago Home Prices: Largest Monthly Drop In 3 Years

The release of the Case Shiller Home Price Index for November must have been pretty hotly anticipated – or S&P’s was having technical problems – maybe both. It took me an hour just to get to the data this morning. Once again the Case Shiller index shows that Chicago home prices continued to fall –... Read more »

By Gary Lucido,
January 31, 2012 at 9:08 am

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Chicago Home Prices Likely To Hit New Low In January

With Tuesday’s release of the Case Shiller index showing another drop in Chicago home prices I thought I would take a closer look at what lies in store for 2012. According to the Case Shiller folks there’s normally a bit of seasonality in Chicago home prices with the September Case Shiller index about 3% above... Read more »

By Gary Lucido,
December 28, 2011 at 9:33 pm

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Case Shiller Index: Chicago Home Prices May Be Heading Back Down

If the pattern of the last 3 years is any indication of the future we may see a new low in Chicago area home prices this spring. Case Shiller just came out with their September home price index for 20 metro areas and it shows single family home prices declining by 0.8% and condo prices... Read more »

By Gary Lucido,
November 29, 2011 at 9:29 am

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Fiserv Outlook: Home Prices To Decline Slightly Until Second Half 2012

Fiserv, a financial services technology company that generates the Case Shiller Home Price Index, released their Home Price Insights yesterday. In a nutshell the release had two main points: They are forecasting that home prices, at a national level, will fall 3.6% during the year ending in mid-2012 and will then rebound by 2.4% over... Read more »

By Gary Lucido,
November 10, 2011 at 10:00 am

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Underwater Mortgages And Higher Delinquency Rates

In case you needed to hear more bad news about the Chicago real estate market two reports came out yesterday that continue to paint a rather grim picture of area homeowners. 46.2% Of Chicago Area Homes Are Underwater Zillow issued their 3rd quarter home value report and it showed that nationally 28.6% of homes... Read more »

By Gary Lucido,
November 9, 2011 at 12:23 pm

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4th Month Of Home Price Increases In Chicago

Case Shiller just released their August home price data for Chicago and, after falling to a 10 year low in April, Chicago single family home prices have now rebounded 4 months in a row, rising a total of 8.4% – 1.4% from July. Condominium prices have risen 5 months in a row – a total... Read more »

By Gary Lucido,
October 25, 2011 at 8:45 am

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