Archive for January 2012

Chicago December Home Sales: Strong Contract Activity But Flat Sales

In two weeks the Illinois Association of Realtors will be releasing December home sales figures for the Chicago area and all of Illinois. What the Chicago numbers will show is basically flat sales relative to last year – up only 1.3%. That’s the smallest year over year increase in the last 6 months – probably... Read more »

What Should Chicago Do With 15,000 Vacant Buildings?

What Should Chicago Do With 15,000 Vacant Buildings?
I’ve read that there are as many as 15,000 vacant buildings in the city of Chicago. This wouldn’t be so bad if someone took responsibility for maintaining them and the associated property. However, all too often the owners abandon the buildings which steadily deteriorate, create a really nasty looking neighborhood, and become crime scenes. Having... Read more »

After All These Years Shadow Home Inventory Is Still Huge

A little more than a week ago CoreLogic released their shadow home inventory report for October at the national level which shows that the shadow inventory, while down from last year, is basically unchanged from the last report for July. It is also at the same level it was in January 2009. CoreLogic’s graph below... Read more »