Tag: market conditions

Chicago Foreclosure Activity Didn't Improve Much Last Month

Chicago Foreclosure Activity Didn't Improve Much Last Month
Data released today by ATTOM Data Solutions, parent company of RealtyTrac, shows that Chicago’s foreclosure activity didn’t improve much in April compared to last year – down only 6.0% – and actually rose 13% from March. You can see the history graphed below and it’s fairly obvious that the month to month variations are pretty... Read more »

Chicago Real Estate Market Update: Lowest Home Sales Drop In 6 Months

Chicago Real Estate Market Update: Lowest Home Sales Drop In 6 Months
Good news! Chicago home sales declined by 3.5% in April from the previous year. Why is that good news? Because that’s the smallest decline in 6 months for the Chicago real estate market. But it is the 6th month in a row that sales were down. The graph below shows Chicago’s historic monthly home sales... Read more »

Case Shiller: Chicago Area Home Prices Rise Faster Than In California

Case Shiller: Chicago Area Home Prices Rise Faster Than In California
After yesterday’s release of the Dow Jones S&P CoreLogic February Case Shiller home price index I needed a catchier headline than the usual “Home Prices Are Slowing Down” and “The Chicago Area Was Slow To Begin With”. I decided to focus instead on the unusual circumstances of home price appreciation in all 3 California metro... Read more »
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Chicago Foreclosure Activity Drops 35% From Last Year

Chicago Foreclosure Activity Drops 35% From Last Year
ATTOM Data Solutions, parent company of RealtyTrac, released their Q1 2019 U.S. Foreclosure Market Report this morning. For the nation as a whole foreclosure activity was down 15% from a year ago to the lowest level since the first quarter of 2008. According to Todd Teta, chief product officer at ATTOM Data Solutions: While some... Read more »

Chicago Real Estate Market Update: Another 5 Year Low In Home Sales

Chicago Real Estate Market Update: Another 5 Year Low In Home Sales
Well, it looks like March was the 5th month in a row that the Chicago real estate market had declining home sales – down a whopping 11.6% from last March. In fact, that was the lowest home sales in 5 years and I should point out that that also means that 11 out of the... Read more »

Case Shiller: Chicago Area Home Price Gains Slowest In A Year

Case Shiller: Chicago Area Home Price Gains Slowest In A Year
The folks at Dow Jones S&P CoreLogic released their much awaited January Case Shiller home price index for the nation and the Chicago area (along with 19 other metro areas) this morning. The big headline making the rounds today is that for the nation as a whole year over year home price gain of 4.3%... Read more »
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Chicago Foreclosure Starts Hit 22 Month High In February

Chicago Foreclosure Starts Hit 22 Month High In February
I just picked up the latest foreclosure data from ATTOM Data Solutions’ RealtyTrac Web site and updated my graph below. Once again they only released a short commentary on the state of US foreclosures and they note that Illinois gets bragging rights on being the state with the 5th highest foreclosure rate. I’m sure that’s... Read more »

Real Estate Experts More Optimistic About Home Prices Except For Chicago Area

Real Estate Experts More Optimistic About Home Prices Except For Chicago Area
Zillow and Pulsenomics recently came out with their first quarter home price expectations survey of more than 100 real estate experts. The graph below provides their updated view (the orange line) from December, dropping 2018 appreciation from the time horizon and just focusing on the next 5 years, including 2019. If you go back to... Read more »

Chicago Real Estate Market Update: 5 Year Low In Home Sales

Chicago Real Estate Market Update: 5 Year Low In Home Sales
February was the 4th month in a row that the Chicago real estate market had lower home sales than the previous year. In fact, if not for October home sales being just a smidgen higher than 2017, February would have been the 7th month in a row of lower sales. The February decline was 4.6%... Read more »
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No. The Chicago Real Estate Market Did Not Crater In January.

No. The Chicago Real Estate Market Did Not Crater In January.
If you will recall on February 7 I posted my monthly update for the Chicago real estate market. At that time I reported that home sales were down by 7.1% from last year and that the Illinois Association of Realtors would report a 9.1% decline. Well, it turns out the IAR actually reported a 19.4%... Read more »