Posts tagged "Chicago real estate market"

Nope...Chicago Home Prices Are Not Above The Bubble Peak

Nope...Chicago Home Prices Are Not Above The Bubble Peak
I’ve been having an ongoing debate for quite some time now with Sabrina, the proprietor of CribChatter, regarding whether or not Chicago home prices are “well past peak” in Chicago’s more affluent neighborhoods. She contends that prices have soared past the bubble peak and I claim they have not. Each of us has our own... Read more »

Chicago Area Real Estate Market: Home Sellers Finally Profit

Chicago Area Real Estate Market: Home Sellers Finally Profit
As I like to remind you there is entirely too much talk about how high home prices are and how the housing market is in another bubble. Based upon all the talk you would think that the average Chicago area home seller is raking in huge profits on the sale of their home but it’s... Read more »

Signs Of Weakness In The Chicago Real Estate Market

Signs Of Weakness In The Chicago Real Estate Market
If you read my last Chicago real estate market update you saw that July home sales came in well below last year’s numbers, which was a bit disconcerting. However, there were other extenuating circumstances that might indicate that this could be an aberration. And extremely low inventory levels continue to give home prices a boost... Read more »
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Price Point Mattered In The History Of Chicago's Housing Bubble

Price Point Mattered In The History Of Chicago's Housing Bubble
This was originally going to be a quick and easy blog post about how the upper end of the Chicago housing market was on a tear and growing faster than any other segment. But then the data wasn’t exactly cooperating with my preconceived notion and it became clear that there was actually a very different... Read more »

Case Shiller: Chicago Home Price Growth Slower Than Other Cities

Case Shiller: Chicago Home Price Growth Slower Than Other Cities
In this morning’s release of the Case Shiller Chicago home price index for November there is some good news: home prices in the area are still advancing – we’ve had just over 3 years of steady price gains over the previous year. And the pace of gains has been rising lately. But the bad news... Read more »

Case Shiller: Chicago Home Prices Gaining Ground But Still Dead Last

Case Shiller: Chicago Home Prices Gaining Ground But Still Dead Last
The picture is brightening a little bit for Chicago home prices according to this morning’s release of the Case Shiller home price index for October but when compared to the other 19 metro areas Chicago is still in last place for year over year price gains. I believe that makes this the second month in... Read more »
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Chicago Real Estate Market Update: November Another Down Month

Chicago Real Estate Market Update: November Another Down Month
It looks like the Chicago real estate market turned in another disappointing month in November. Home sales were down 1.6% from last year. Of course, the Illinois Association of Realtors will see it even more negatively in about 2 weeks when they report a decline of 2.0%. However, I’m thinking that these estimates might be... Read more »

Case Shiller: Chicago Home Price Gains Lowest Among 20 Metro Areas

Case Shiller: Chicago Home Price Gains Lowest Among 20 Metro Areas
For some time now Chicago has been bouncing around near the bottom of the 20 metro areas tracked by Case Shiller in terms of year over year single family home price gains. With this morning’s release of the September Case Shiller home price index we ended up dead last with only a 1.1% gain. The... Read more »

Where The Chicago Real Estate Market Is Still Dead

Where The Chicago Real Estate Market Is Still Dead
Everyone knows that the Chicago real estate market has come roaring back. Prices are up, sales are up, and the mix of distressed property sales is way down. In particular, it’s the dramatic decline in sales of distressed properties that would lead you to believe that we have mostly recovered from the housing bubble meltdown.... Read more »
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Case Shiller: Chicago Lagging Nation In Home Price Gains

Case Shiller: Chicago Lagging Nation In Home Price Gains
Today’s release of the Case Shiller Chicago home price index for August once again shows Chicago pretty much in last place among 20 metro areas in terms of price appreciation. There are a couple of different ways of looking at the data but they both give pretty much the same answer. First, there’s the seasonally... Read more »