Tag: Chicago home prices

Outlook Not Great For Chicago Area Home Prices

Outlook Not Great For Chicago Area Home Prices
About a week ago Zillow/ Pulsenomics came out with their 4th Quarter Home Price Expectations Survey, the results of which are summarized in the graph below (all graphics in this post are clickable for a larger version). The orange line represents the average forecast of the more than 100 real estate experts included in the... Read more »

Case Shiller: Chicago Area Home Price Appreciation Steady While Nation Slows

Case Shiller: Chicago Area Home Price Appreciation Steady While Nation Slows
Dow Jones S&P CoreLogic just came out with the September Case Shiller home price indices for the top 20 metro areas and the nation as a whole. While year over year home price appreciation is slowing for the rest of the country the Case Shiller Chicago area index for single family homes is holding fairly... Read more »

I Guess Low Chicago Housing Costs Don't Matter To Amazon

I Guess Low Chicago Housing Costs Don't Matter To Amazon
While it’s been rumored for a while, Amazon finally announced their choices for their 2nd and 3rd base of operations (can you really call it a headquarters at this point?) and neither is in Chicago. Although many of us, including me, thought Chicago had a lot going for it, speculation is that Chicago’s and Illinois’... Read more »
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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 »

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 »

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 »

Real Estate Experts Paint Rosy Picture For Nation's Home Prices

Real Estate Experts Paint Rosy Picture For Nation's Home Prices
Last week the Zillow/ Pulsenomics 3rd Quarter Home Price Expectations Survey of over 100 real estate experts came out with their revised forecast of national home price appreciation to 2022. These people have been raising their outlook for several quarters in a row now, this time projecting 20.0% cumulative appreciation vs. 19.1% last time. 20%... Read more »

Case Shiller: Chicago Home Price Appreciation Still Sucks

Case Shiller: Chicago Home Price Appreciation Still Sucks
Despite a real estate market with really short market times that leaves homebuyers scrambling for opportunities the Chicago area’s home prices continue to struggle to rise in line with the rest of the nation. This major head scratcher is evident from the latest Case Shiller Chicago area home price index for single family homes which... Read more »
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Case Shiller: Chicago Area Home Price Gains One Notch Above Bottom

Case Shiller: Chicago Area Home Price Gains One Notch Above Bottom
Dow Jones S&P CoreLogic released the May Case Shiller home price indices for the nation and the 20 largest metro areas a few hours ago. While home prices for the nation as a whole appreciated by 6.4% over the last year and the 20 metro areas appreciated by 6.5%, the Case Shiller Chicago area home... Read more »