Posts tagged "market conditions"

Chicago Foreclosures Drop To Record Low

Chicago Foreclosures Drop To Record Low
What used to be the RealtyTrac foreclosure market reports now come out under Attom Data Solutions, which now owns RealtyTrac, and they typically only come out quarterly. The Q3 2017 U.S. Foreclosure Market Reportâ„¢ was released last week and it highlights that the nation hit another 11 year low in foreclosure activity. This is really... Read more »

Chicago Real Estate Market Update: Tight Inventory Keeps Sales Flat

Chicago Real Estate Market Update: Tight Inventory Keeps Sales Flat
September was another slow sales month for the Chicago real estate market with sales down once again from last year – down 1.2%. In fact, September sales were lower than 3 out of the last 4 years so the real estate market has really stalled. You can see all of this in the graph below... Read more »

New Chicago Real Estate Metrics Provide Additional Insight On Market

New Chicago Real Estate Metrics Provide Additional Insight On Market
Within the last week or two the local MLS has made available new information on showing activity that should provide additional insight into the health of the Chicago real estate market. I’m thinking that this might help us get a better handle on just how hot the market is. There are two separate metrics that... Read more »
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Case Shiller: Chicago Area Home Prices Left In Dust Of Other Cities

Case Shiller: Chicago Area Home Prices Left In Dust Of Other Cities
Yeah, the Case Shiller Chicago area home price index for single family homes continues to show advancement from the previous year and this has been the routine now for 57 straight months. So that’s the good news. However, compared to other cities, we are not doing so well – still – as evidenced by this... Read more »

Single Family Home Inventory Plummets On Chicago's North Side

Single Family Home Inventory Plummets On Chicago's North Side
A little over a year ago I wrote about the remarkable rise of single family home inventory in the higher income neighborhoods on Chicago’s north side. Remarkable because all the rest of Chicago’s home inventory was simultaneously hitting incredible new lows, causing a housing shortage for buyers. But just as mysteriously and suddenly the supply... Read more »

Chicago Foreclosure Activity Ticked Up In August

Chicago Foreclosure Activity Ticked Up In August
RealtyTrac did not release a Foreclosure Market Report for August. I believe they’re only doing it once per quarter now that the story doesn’t change that much from one month to the next. Nevertheless, they updated their data for Chicago, which I have incorporated in my Chicago foreclosure activity graph below. Total foreclosure activity in... Read more »
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Chicago Real Estate Market Update: Market Strong Despite Lower Sales

Chicago Real Estate Market Update: Market Strong Despite Lower Sales
Throughout much of the year Chicago home sales have been sputtering along – except for January and March, which were blowout months. Unfortunately, August was no exception with a 1.9% decline from last year – and that was after July came in with a 3.4% decline. Nevertheless, I maintain that the Chicago real estate market... Read more »

Home Price Forecast: Additional Optimism From Experts

Home Price Forecast: Additional Optimism From Experts
The 3rd Quarter 2017 Home Price Expectations Survey for the nation came out from Zillow and Pulsenomics a couple of weeks ago. This quarterly survey of 114 real estate experts produced a slightly more optimistic outlook for home prices than it did last quarter and last quarter was more optimistic than the quarter before that.... Read more »

Case Shiller: Chicago Area Home Price Gains Still Anemic

Case Shiller: Chicago Area Home Price Gains Still Anemic
Well, at least the Chicago area is not in last place this month. However, S&P Dow Jones released their Case-Shiller Home Price Index for June today and it still shows the Chicago area lagging most of the rest of the country in terms of year over year home price gains. The Case Shiller Chicago index... Read more »
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Chicago Foreclosure Activity: Record Low Not Really A Good Thing

Chicago Foreclosure Activity: Record Low Not Really A Good Thing
In lieu of their usual Foreclosure Market Report this month RealtyTrac released a report on equity rich and seriously underwater homeowners. However, I still grabbed their updated data for Chicago foreclosure activity which shows July hitting a new low since I’ve been tracking the data. Now, I’ve written about this before – the fact that... Read more »
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    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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