Archive for January 2022

Chicago's Luxury Home Market Was On Fire Last Year

Chicago's Luxury Home Market Was On Fire Last Year
It wasn’t just the overall Chicago real estate market that was sizzling last year. The luxury market for single family homes (I arbitrarily define it as homes selling at or above $4 MM) was on fire too. We may have even set a record but my data only goes back to 2008 so I can’t... Read more »

Case Shiller: Chicago Area Home Price Growth Ticks Up Again

Case Shiller: Chicago Area Home Price Growth Ticks Up Again
The S&P Dow Jones CoreLogic Case Shiller home price indices for November released this morning paint a picture of slowing home price appreciation across the nation – but just a bit. However, in an uncharacteristic turn of events price appreciation in the Chicago area actually picked up speed. Don’t get too excited just yet. One... Read more »

Experts' Home Price Forecast Keeps Ratcheting Up

Experts' Home Price Forecast Keeps Ratcheting Up
I actually predicted this back in October when I wrote about the 3rd quarter home price expectations survey. Last week’s 4th Quarter 2021 Home Price Expectations Survey from Zillow and Pulsenomics produced an even more bullish outlook for the nation’s home prices than that already optimistic 3rd quarter survey. They set a new record. Since... Read more »
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Resurgence Of Chicago Foreclosure Activity Not Materializing

Resurgence Of Chicago Foreclosure Activity Not Materializing
According to the 2021 US Foreclosure Market Report released last week by ATTOM Data Solutions foreclosure activity hit an all time low last year, which you can clearly see in the graph below. That shouldn’t be too much of a surprise because there was a moratorium on foreclosures for much of the year. Rick Sharga,... Read more »

Chicago Real Estate Market Update: Another 16 Year Record

Chicago Real Estate Market Update: Another 16 Year Record
It’s truly amazing. Two years into a pandemic and the Chicago real estate market is still smashing home sale records. December set a 16 year record to be exact and that’s despite the fact that inventory is still tight and last December also set a record. Home sales were 7.7% higher than in 2020 but,... Read more »