Posts tagged "market conditions"

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017
Last week I posted on the hottest neighborhoods for new condo construction in Chicago so now I’m taking a look at the hottest neighborhoods for single family home construction. You’re going to see much the same pattern in terms of pricing across the city. In total I identified 504 homes that I believe to be... Read more »

New Condo Construction In Chicago: Hottest Neighborhoods Of 2017

New Condo Construction In Chicago: Hottest Neighborhoods Of 2017
Once a year I like to step back and take a look at new construction in Chicago to better understand what is going on across the city because most of the time we are looking at a microcosm – this building or that neighborhood – and it’s easy to lose sight of the big picture.... Read more »

Chicago Real Estate Market Update: Weakest July In 5 Years

Chicago Real Estate Market Update: Weakest July In 5 Years
It looks like the Chicago real estate market is back on the see saw. After reporting the best June sales numbers in 10 years last month (in fact, also the highest sales in 10 years of any month) I’m now telling you that July was the weakest in 5 years. But as you’ll see below... Read more »
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Case Shiller: Chicago Area Falls To Last Place In Home Price Gains

Case Shiller: Chicago Area Falls To Last Place In Home Price Gains
When US single family home prices hit a sixth consecutive monthly high and the top 20 metro areas register an average 5.7% gain in home prices over the last year while Chicago is still struggling to get back to the housing bubble peak and only registers a 3.3% year over year gain…well….that’s sadder than even... Read more »

Chicago Foreclosure Activity: Defaults Approach New Low

Chicago Foreclosure Activity: Defaults Approach New Low
ATTOM Data Solutions/ RealtyTrac released their Midyear 2017 U.S. Foreclosure Market Report™ today and it continues to show that our foreclosure nightmare is slowly fading into a distant, bad memory. Chicago foreclosure activity came close to breaching the low set 17 months ago and defaults came within a hair’s breadth of puncturing the low of... Read more »

Chicago Real Estate Market Update: June Strongest Month In 10 Years

Chicago Real Estate Market Update: June Strongest Month In 10 Years
On the one hand the Chicago real estate market just had it’s strongest home sale month in 10 years but on the other hand  it really looks like the air has been let out of the real estate market. June home sales were up a measly 1.7% over last year which was just enough to... Read more »
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Case Shiller: 4% Chicago Area Home Price Gains Kinda Sad

Case Shiller: 4% Chicago Area Home Price Gains Kinda Sad
When the 20 metro areas covered by Case Shiller average a 5.7% year over year gain in single family home prices it’s pretty sad when the Chicago area can only eke out a 4% gain. That’s the lowest year over year gain in 5 months and once again Chicago finds itself 4th from the bottom... Read more »

Chicago Foreclosure Activity: Shadow Inventory Declines Yet Again

Chicago Foreclosure Activity: Shadow Inventory Declines Yet Again
ATTOM Data Solutions (the parent of RealtyTrac) did not release a May Foreclosure Market report this month but they did update the data on their site so let’s take a look at what it tells us about Chicago foreclosure activity. I’ve updated the graph below with their data and it shows that May had the... Read more »

Home Price Forecast: Experts Raise Their Outlook Once Again

Home Price Forecast: Experts Raise Their Outlook Once Again
A couple of weeks ago Zillow and Pulsenomics released their 2nd quarter Home Price Expectations Survey for the nation and their panel of more than 100 real estate experts have gotten more optimistic since they released their last survey. I don’t think they really had much choice given that the year over year home price... Read more »
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Chicago Real Estate Market Update: May Home Sales Eke Out Small Gain

Chicago Real Estate Market Update: May Home Sales Eke Out Small Gain
According to the recent see saw pattern of alternating high and low home sale months the Chicago real estate market was due for strong sales in May. But it didn’t happen. Instead we got a mere 3.0% increase over last year, though it was the second highest sales month in 10 years. You can’t really... Read more »