Posts tagged "market conditions"

US And Chicago Foreclosure Activity Continues To Plummet

US And Chicago Foreclosure Activity Continues To Plummet
Somehow I missed doing an update on Chicago foreclosure activity in December but the story has been pretty repetitive anyway – so much so that Attom Data Solutions (the parent of RealtyTrac) now only releases their US Foreclosure Market Report once every quarter. Their year end report, released today, contains the graph below, which shows... Read more »

Chicago Real Estate Market: December Strongest Growth In 9 Months

Chicago Real Estate Market: December Strongest Growth In 9 Months
December home sales in Chicago came in 3.9% higher than last year. That’s the highest year over year growth posted for the Chicago real estate market in 9 months and sales were higher than 8 of the previous 10 years. 2013 (likely helped by some dumb government incentive program) and 2015 were stronger. You can... Read more »

Case Shiller Chicago Area: 7 Month High In Home Price Appreciation

Case Shiller Chicago Area: 7 Month High In Home Price Appreciation
On Tuesday Dow Jones S&P CoreLogic released the October Case Shiller home price indices which showed that national home prices rose by 6.2% in the last year while the composite for the top 20 metro areas rose by 6.4%. While the Chicago area did realize it’s 60th consecutive month of annual home price gains and... Read more »
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Experts Raise Their Forecast For Home Price Appreciation

Experts Raise Their Forecast For Home Price Appreciation
Earlier this month Zillow and Pulsenomics released their 4th quarter 2017 Home Price Expectations Survey of over 100 real estate experts. Their home price appreciation forecast, which just got extended out to 2022, shows additional optimism from the last release. In fact, each of the two previous forecasts has also been more optimistic than the... Read more »

Chicago Real Estate Market: Strongest November Sales In 11 Years

Chicago Real Estate Market: Strongest November Sales In 11 Years
I picked that headline because it’s a nice attention grabber. It’s technically true but it doesn’t really tell the whole story, which is much more disconcerting. While the Chicago real estate market did have it’s strongest home sales in 11 years November was only up 2.2% from last year and up only 3.4% from November... Read more »

Chicago Area Home Price Gains Improve But Still Lag Most Of Country

Chicago Area Home Price Gains Improve But Still Lag Most Of Country
The Dow Jones S&P CoreLogic Case-Shiller home price indices for September came out this morning, showing national prices for single family homes rising 6.2% over the last 12 months. Chicago did register a 6 month high in year over year price gains – it’s 59th consecutive month of price gains – but at 3.9% we... Read more »
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7 Month High In Chicago Foreclosure Activity Probably A Good Thing

7 Month High In Chicago Foreclosure Activity Probably A Good Thing
Thanks to RealtyTrac (part of Attom Data Solutions) we have updated October data for Chicago foreclosure activity which I have used to update my graph below. Although the data shows a spike in overall activity defaults, which are the key metric, didn’t really change much. Since defaults feed the foreclosure process this is a good... Read more »

Chicago Real Estate Market Update: Home Sales Stuck In The Mud

Chicago Real Estate Market Update: Home Sales Stuck In The Mud
Well, the good news is that Chicago home sales were up 3.3% in October from last year – and that’s the strongest growth in 7 months. But the bad news is that 3.3% growth is the strongest growth in 7 months. In fact, if you look at the graph below you get a pretty clear... Read more »

Case Shiller: Chicago Area Home Price Gains Still Trail Rest Of Country

Case Shiller: Chicago Area Home Price Gains Still Trail Rest Of Country
There is definitely some good news in this morning’s release of the Dow Jones S&P CoreLogic Case-Shiller home price index for August (4 different entities have to get their name on that thing). At the national level single family home prices rose 6.1% year over year, hitting a new all time high. And the Case... Read more »
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The Ultimate Guide To The Chicago Area's Hottest Neighborhoods

The Ultimate Guide To The Chicago Area's Hottest Neighborhoods
There are probably as many ways to define a hot Chicago neighborhood as there are real estate metrics but it seems to me that the most important one is home prices. That’s why I think you’ll find the Depaul Institute For Housing Studies’ 2Q 2017 release of their home price analysis for Chicago and suburban... Read more »