Archive for November 2021

Case Shiller: Chicago Area Home Price Growth Slowing Down

Case Shiller: Chicago Area Home Price Growth Slowing Down
It looks like the pandemic driven runup in home prices is finally slowing down across the country as evidenced by this morning’s release of the September Case Shiller home price indices from S&P Dow Jones CoreLogic. The nation’s single family home prices still rose an incredibly strong 19.5% over the last 12 months but that’s... Read more »

West Town Mansion On Armour St Did Not Sell At Auction

West Town Mansion On Armour St Did Not Sell At Auction
Remember that mansion at 516 N Armour St in West Town that was supposed to auction off on November 10 without a reserve price? At one time it had been listed as high as $7.78 MM but then in July of this year it was relisted at $4 MM, which failed to produce a buyer... Read more »

Believe It Or Not Cook County Property Taxes Are Getting More Fair

Believe It Or Not Cook County Property Taxes Are Getting More Fair
I used to complain an awful lot about some of the crazy assessed property values I would stumble upon in my day to day real estate work. When Joe Berrios was running the Cook County Assessor’s office I would routinely find higher end properties assessed at a fraction of their market value. However, since Fritz... Read more »
Advertisement:

Chicago Foreclosure Activity Skyrockets - If You Believe The Data

Chicago Foreclosure Activity Skyrockets - If You Believe The Data
The most recent data from ATTOM Data Solutions’ October 2021 Foreclosure Market Report shows that foreclosure activity for the nation is up only 5% from the previous month but up 76% from last year. Of course, it’s easy to be up 76% from a year when there was a foreclosure moratorium in place that basically... Read more »

Chicago Real Estate Market Update: Home Sales Still Going Strong

Chicago Real Estate Market Update: Home Sales Still Going Strong
First I’ll give you the official Chicago home sales numbers for October, which will be released in about 2 weeks, but it’s going to send you in the wrong direction. You see…home sales were down 4.9% from last year, although the Illinois Association of Realtors will tell you they were actually down 5.9%. Don’t be... Read more »

As I Predicted, The ibuying Business Kinda Sucks - At Least For Zillow

As I Predicted, The ibuying Business Kinda Sucks - At Least For Zillow
A few days ago Zillow rocked the real estate world when they announced that they were exiting the ibuying business and firing about 25% of their employees. It would appear that this venture lost them $422 MM in the third quarter. In a nutshell they ended up paying more for the homes that they bought... Read more »
Advertisement: