Maybe You Can Get A Bargain On This West Town Mansion

Maybe You Can Get A Bargain On This West Town Mansion
A little more than 4 years ago I wrote about this really fascinating 10,000 sq ft mansion that was briefly listed for $7.78 MM. I subsequently learned that was some kind of unauthorized listing, which is against all kinds of MLS and Realtor rules. Not sure exactly how or why the real estate agent put... Read more »

Chicago Real Estate Market Update: Highest September Sales In 15 Years

Chicago Real Estate Market Update: Highest September Sales In 15 Years
Well, it looks like the Chicago real estate market is still managing to eke out records despite all the effects of the pandemic speeding up and slowing down activity. The graph below shows all the monthly home sales history going back to 1997 along with all the September data points flagged in red. You can... Read more »

Real Estate Experts Keep Raising Their Home Price Forecasts

Real Estate Experts Keep Raising Their Home Price Forecasts
When Zillow and Pulsenomics released their 2nd Quarter 2021 Home Price Expectations Survey for the nation their respondents were predicting 26.7% cumulative price appreciation by the end of 2025. That was already a substantial increase from several earlier projections. But when they released their 3rd Quarter survey a couple of weeks ago we saw that... Read more »
Advertisement:

Case Shiller: Chicago Area Sets Another Paltry Record For Home Price Growth

Case Shiller: Chicago Area Sets Another Paltry Record For Home Price Growth
S&P Dow Jones CoreLogic released their July Case Shiller home price indices this morning with another national record set for single family home price appreciation over the last 12 months – 19.7%. That is substantially up from the 18.6% reported last month. Meanwhile, the Case Shiller Chicago area also set another record for home price... Read more »

Chicago Carjackings Hit Record High

Chicago Carjackings Hit Record High
After reading about all the carjackings in Chicago and seeing people complain about them on the Wicker Park Neighborhood Watch Facebook page I got curious. Could it really be that bad? And where were the hotspots? Every year I review the statistics on aggravated assault and battery in Chicago (one type of violent crime) but... Read more »

Chicago Foreclosure Activity Rises As Moratorium Ends

Chicago Foreclosure Activity Rises As Moratorium Ends
ATTOM issued their August Foreclosure Market Report last week and it has begun to show the expected increase in foreclosure activity since the moratorium ended on July 31. As I pointed out last month there are various speed bumps standing in the way of an all out foreclosure frenzy but, nevertheless, US foreclosure activity was... Read more »
Advertisement:

Chicago Real Estate Market Update: Highest August Sales In 14 Years

Chicago Real Estate Market Update: Highest August Sales In 14 Years
While it’s true that the Chicago real estate market just had its highest August sales in 14 years there are a few caveats that go with that statement. First, you won’t be able to tell that from the graph below (all the August points are in red and there is a green, 12 month moving... Read more »

Case Shiller: Chicago Area 32+ Year Record Home Price Growth Still Lags Nation

Case Shiller: Chicago Area 32+ Year Record Home Price Growth Still Lags Nation
It seems that it doesn’t matter how high Chicago area home prices rise it’s never good enough. I used the Case Shiller Chicago area home price index released this morning by S&P Dow Jones CoreLogic to update my home price appreciation graph below. As you can see single family home price appreciation over the last... Read more »

2020 Cook County And Chicago Property Tax Rates Explained

2020 Cook County And Chicago Property Tax Rates Explained
Normally the second half property tax bills for 2020 in Cook County would have been mailed out at the end of June. However, this year they are running 2 months late because of a feud between Fritz Kaegi, the Cook County Assessor, and Karen Yarbrough, the Cook County Clerk. I’ll spare you the details but,... Read more »
Advertisement:

How Much Longer Will Chicago Foreclosure Activity Remain Depressed?

How Much Longer Will Chicago Foreclosure Activity Remain Depressed?
The July Foreclosure Market report from ATTOM came out last week and it continues to show extremely low levels of foreclosure activity across the nation. However, it’s been the foreclosure moratorium that has been depressing activity and that technically ended on July 31. For those on the wrong side of a foreclosure the end of... Read more »