Tag: market conditions

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 »

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 »
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Case Shiller: Chicago Area Home Price Gains Advance To 3rd From Bottom

Case Shiller: Chicago Area Home Price Gains Advance To 3rd From Bottom
This morning’s release of Dow Jones S&P CoreLogic’s Case Shiller home price indices for December show the nation’s home price appreciation slowing down further. The Chicago area’s gains also slowed slightly but since the nation slowed down much more it’s giving us an opportunity to catch up – relatively speaking. We have now advanced to... Read more »

Chicago Foreclosure Activity Drifted Up In January

Chicago Foreclosure Activity Drifted Up In January
ATTOM Data Solutions updated their foreclosure data on the RealtyTrac Web site last week and released a short report on national foreclosure activity for January. Despite an 8% increase in national activity over December there was a 19% decline from last year. Chicago foreclosure activity pretty much followed the same pattern with a 6% increase... Read more »

Chicago Real Estate Market Update: January Home Sales Hit 4 Year Low

Chicago Real Estate Market Update: January Home Sales Hit 4 Year Low
It looks like January was another weak month for home sales in the Chicago real estate market – down 7.1% from last year. Check out the graph below for the historical perspective. All Januaries are flagged with red markers and the light blue line is a 12 month moving average. January came in lower than... Read more »
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Case Shiller: Chicago Condos Show Weakest Price Gains In Almost 4 Years

Case Shiller: Chicago Condos Show Weakest Price Gains In Almost 4 Years
Dow Jones S&P CoreLogic just released their November Case Shiller home price indices and they show further slowing in price appreciation for both the nation and the Chicago area. For single family homes year over year appreciation in the Case Shiller Chicago index slowed only slightly to 3.1% vs. 3.3% in October. However, broader measures... Read more »

Chicago's Most Expensive Condo Sales Of 2018

Chicago's Most Expensive Condo Sales Of 2018
Last week I looked at Chicago’s most expensive single family home sales of 2018 and last year was a bit stronger at the high end than 2017 – 14 homes sold above $4 MM vs. 11 the year before. However, now I’m turning my attention to the most expensive condo sales of 2018 and last... Read more »

December Saw Near Record Low In Chicago Foreclosure Activity

December Saw Near Record Low In Chicago Foreclosure Activity
ATTOM Data Solutions released their Year End 2018 US Foreclosure Market Report yesterday and they also were kind enough to provide me with the December Chicago foreclosure activity data which I used to update my graph below. Chicago’s total foreclosure activity for December was the second lowest since I’ve been compiling the data and down... Read more »
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Chicago's Most Expensive Single Family Home Sales Of 2018

Chicago's Most Expensive Single Family Home Sales Of 2018
You may have heard that the high end of the Chicago real estate market was really smoking hot in 2018 but the reality was a bit more tepid. Don’t get me wrong. 2018 appears to have had more uber-expensive activity than 2017 with 14 home sales above $4 MM (my arbitrary cutoff) compared to 2017’s... Read more »