Archive for March 2020

Case Shiller: Chicago Area Condo Prices Fall For First Time In 7+ Years

Case Shiller: Chicago Area Condo Prices Fall For First Time In 7+ Years
We got the updated S&P Dow Jones CoreLogic Case Shiller Chicago area home price indices this morning along with the indices for 19 other top metro areas and averages. Keep in mind that this data is for the 3 months ending in January so there is no effect from the coronavirus scourge reflected yet in... Read more »

Coronavirus Impact On Chicago Real Estate Market: Week 3

Coronavirus Impact On Chicago Real Estate Market: Week 3
Although the Illinois Stay At Home order went into effect just a bit over one week ago this is my third update on what the coronavirus pandemic is doing to the Chicago real estate market. Many of us were hunkered down before the order went into effect – either out of common sense or because... Read more »

February Chicago Foreclosure Activity Down Slightly From Last Year

February Chicago Foreclosure Activity Down Slightly From Last Year
ATTOM Data Solutions updated their RealtyTrac data earlier this month so I went ahead and updated my Chicago foreclosure activity charts below. They subsequently issued their February Foreclosure Market Report which I incorporated after my original post date. I’ve been informed that the January numbers previously reported had a problem with bank repossessions which were... Read more »
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Coronavirus Impact On Chicago Real Estate Market: Week 2

Coronavirus Impact On Chicago Real Estate Market: Week 2
Since last week’s post on the impact of the coronavirus on the Chicago real estate market was the first one this is by default week 2. Let me start with the latest data on contract activity and inventory – just got it yesterday – which goes through March 14. So it’s about a week behind... Read more »

Impact Of The Coronavirus On The Chicago Real Estate Market

Impact Of The Coronavirus On The Chicago Real Estate Market
Haven’t heard from me in a while have you? Yeah. There’s this little thing called the coronavirus that I am a bit preoccupied with. Can’t even see the damn thing but it gets around. If you’ve heard about it you’re probably wondering what the impact of the coronavirus is on the Chicago real estate market.... Read more »

Chicago Real Estate Market Update: February Was Better Than It Looks

Chicago Real Estate Market Update: February Was Better Than It Looks
So, in a couple of weeks you’re going to hear the Illinois Association of Realtors say that the Chicago real estate market experienced a little increase in home sales activity in February compared to last year. 1.5% is my guess as to what they are going to announce. Of course, my own calculated percentage is... Read more »
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Bernie Sanders' Fairyland Housing Plan

Bernie Sanders' Fairyland Housing Plan
Over the past few weeks Fareed Zakaria*  has given his take on Bernie Sanders’ “Magical Thinking On Climate Change” and his “Scandinavian Fantasy”. This has inspired me to take a look at Bernie’s Fairyland Housing Plan. Now, believe it or not I do try to avoid getting too political on this blog. I might criticize... Read more »

$25 MM Villa Taj Mansion In Burr Ridge Now On Sale For Only $5 MM

$25 MM Villa Taj Mansion In Burr Ridge Now On Sale For Only $5 MM
It’s probably a stretch to call the intensely weird home in Burr Ridge, known alternately as Villa Taj and Palace Royale, a $25 MM mansion but that’s what it was initially listed for. And after 11 years – yes, that’s almost how long it’s been on and off the market – it is now available... Read more »