Archive for January 2021

Case Shiller: Chicago Losing The Home Price Race To Other Metro Areas

Case Shiller: Chicago Losing The Home Price Race To Other Metro Areas
Remember on Tuesday when I posted on the November Case Shiller home price indices? At that time I mentioned that the Chicago area was one of the few metro areas that had not recovered back to the peak price levels of the housing bubble. So exactly how bad do we look? I got the graph... Read more »

Case Shiller: Chicago Home Prices Rise At Fastest Rate In 6 1/2 Years

Case Shiller: Chicago Home Prices Rise At Fastest Rate In 6 1/2 Years
The November CoreLogic Case Shiller home price indices, released by S&P Dow Jones this morning, were pretty impressive. As everyone has been noting home prices are really skyrocketing across the nation. The Chicago area has also seen some pretty solid growth in home prices but is still lagging the rest of the country. For the... Read more »

How The Chicago Luxury Home Market Really Compares To The Suburbs

How The Chicago Luxury Home Market Really Compares To The Suburbs
The demise of the Chicago luxury home market is greatly exaggerated. Last week Crain’s ran this story on area luxury home sales: Luxury home sales skyrocket in suburbs, dip in city. The article led with the fact that home sales above $1 MM were down 7% in the city and up 40% in the suburbs... Read more »
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Small Signs Of Chicago Foreclosures Picking Back Up

Small Signs Of Chicago Foreclosures Picking Back Up
Late last week ATTOM Data Solutions released their Year-End 2020 U.S. Foreclosure Market Report and updated their RealtyTrac data. As seen in the graph below both the number of foreclosure filings and the foreclosure rate for the US hit a 16 year low last year. It’s no surprise since those numbers have been coming down... Read more »

Chicago Real Estate Market Update: 2020 Ends With Burst Of Activity

Chicago Real Estate Market Update: 2020 Ends With Burst Of Activity
Last month I was thinking that the Chicago real estate market was losing steam in its recovery from the pandemic slowdown. The year over year gains were declining as we reached the end of the year. However, I just looked at the December data and that trend was broken. The graph below has monthly home... Read more »

Pulsenomics & Zillow: Expert Home Price Forecast Gets Even Better

Pulsenomics & Zillow: Expert Home Price Forecast Gets Even Better
As the Case Shiller index proved last week home prices across the nation, along with the Chicago metro area, have been taking off recently, with appreciation rates hitting multi-year highs. So, when Zillow and Pulsenomics recently did their 4th quarter survey of real estate experts it was no surprise that their national home price forecast... Read more »
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