Tag: Chicago real estate market

Chicago Real Estate Market: May Home Sales Strongest In 11 Years

Chicago Real Estate Market: May Home Sales Strongest In 11 Years
The Chicago real estate market technically hit another 11 year high in home sales in May, though others might disagree with my conclusion. At this point the May numbers are still fairly preliminary so I always compare them to the preliminary numbers from previous years. On that basis sales were up 0.2% from last year... Read more »

Chicago Real Estate Market: Strongest April Sales In 11 Years

Chicago Real Estate Market: Strongest April Sales In 11 Years
You’re not going to see that headline about the Chicago real estate market anywhere else this month. If you will recall, last month I wrote about how Chicago had really weak home sales for March compared to the previous year. However, I also pointed out that, with the exception of that previous March, this March... Read more »

Chicago Real Estate Cheapest Among World Cities

Chicago Real Estate Cheapest Among World Cities
Last week UBS came out with their annual Global Real Estate Bubble Index (there is a link on that page for downloading the entire report), which evaluates the risk of a housing bubble in 20 global financial centers. Not only did the Chicago real estate market come out with the lowest risk but it also... Read more »
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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 »