Archive for February 2020

Mobility Trends: People Just Don't Move Like They Used To

Mobility Trends: People Just Don't Move Like They Used To
OK. This blog post sounds an awful lot like the one I did a little over 2 1/2 weeks ago where I talked about how long people are staying in their homes. But the data I shared in that post was less than ideal. It was biased by only looking at people who moved and... Read more »
By Gary Lucido,
February 27, 2020 at 7:30 am • 

Case Shiller: Chicago And New York Tied For Slowest Home Price Growth

Case Shiller: Chicago And New York Tied For Slowest Home Price Growth
S&P Dow Jones CoreLogic released their December home price data this morning and the Case Shiller Chicago area home price index showed faster appreciation than it did in November. On a year over year basis single family home prices rose by 1.0% vs. 0.3% in November, which was the highest rate in 4 months and... Read more »
By Gary Lucido,
February 25, 2020 at 11:27 am • 

Chicago Foreclosure Activity Spiked To 15 Month High In January

Chicago Foreclosure Activity Spiked To 15 Month High In January
Updated local foreclosure data from ATTOM Data Solutions posted yesterday showed a surprising spike in Chicago’s foreclosure activity for January, hitting a 15 month high. As you can see in the graph below the trend has been fairly consistently down for the last few years but January actually came in almost 21% higher than a... Read more »
By Gary Lucido,
February 20, 2020 at 11:37 am • 
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Housing Is Unaffordable For Half Of Chicago Renters

Housing Is Unaffordable For Half Of Chicago Renters
I set out to write a really simple blog post about affordable housing in Chicago but kept running into dead ends. The data I was looking for was so hard to find that the title of this blog post was originally All Affordable Housing Data Is Crap. But eventually I found something I could use... Read more »
By Gary Lucido,
February 18, 2020 at 7:37 am • 

What The Sale To List Ratio Tells Us About The Chicago Real Estate Market

What The Sale To List Ratio Tells Us About The Chicago Real Estate Market
Assuming you’re really hungry would you rather have 25% of a 14″ pizza or 38% of a 10″ pizza? A lot of realtors seem to think you’re better off with 38% of a 10″ pizza because 38% is more than 25%, right? That’s the problem with the sale to list ratio that I’ve often bitched... Read more »
By Gary Lucido,
February 13, 2020 at 7:29 am • 

Homeowners Staying In Their Homes A Lot Longer Than They Used To

Homeowners Staying In Their Homes A Lot Longer Than They Used To
The real estate industry has a lot at stake when it comes to how long people stay in their homes. The average tenure of homeownership directly drives transaction volume. An average tenure of 5 years would result in 20% annual turnover of the housing stock while a 10 year tenure would produce 10% turnover. The... Read more »
By Gary Lucido,
February 11, 2020 at 9:11 am • 
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Chicago Real Estate Market Update: Home Sales May Be Turning Corner

Chicago Real Estate Market Update: Home Sales May Be Turning Corner
A lot of people gauge the health of the Chicago real estate market in terms of home sales which is why I always start off my monthly update with that metric. The graph below shows the monthly sales numbers going back to 1997 with all the January numbers flagged in red and a light blue... Read more »
By Gary Lucido,
February 7, 2020 at 10:52 am • 

Waterproofing A Brick, Block, Or Stone Basement

Waterproofing A Brick, Block, Or Stone Basement
About a month ago I posted on how to fix a water leak in a basement with concrete walls. However, older basements might be built using bricks, cinder blocks, or even stones and when those leak it requires a totally different strategy to waterproof them. For instance, because you have separate pieces of construction material... Read more »
By Gary Lucido,
February 4, 2020 at 7:38 am •