Archive for July 2022

Case Shiller: Chicago Area Home Prices Still Rising

Case Shiller: Chicago Area Home Prices Still Rising
Homes are currently a better investment than the stock market. At least that’s the way it still looks based on this morning’s S&P Dow Jones CoreLogic release of the May Case Shiller home price indices for the nation, including the Chicago area. The nation’s home prices advanced 19.7% for the 12 month period. Although that’s... Read more »

No Sign Of A Surge In Chicago Foreclosure Activity

No Sign Of A Surge In Chicago Foreclosure Activity
Late last week ATTOM released their Midyear 2022 U.S. Foreclosure Market Report which basically shows that the pandemic did not have any sort of lasting effect on the foreclosure market. In the graph below the first half of this year is almost identical to the first half of 2020 and 2020 was depressed by the... Read more »

Chicago Real Estate Market Update: June Sales Finally Take A Hit

Chicago Real Estate Market Update: June Sales Finally Take A Hit
I knew it was coming and it finally did. For a few months now Chicago home sales have been trending slightly downward but not dramatically. Sales remained at the top end of the historic range of the past 15 or so years. However, contract activity has been declining more significantly so it was inevitable that... Read more »
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Case Shiller: Chicago Area Home Prices Not Yet Affected By Higher Mortgage Rates

Case Shiller: Chicago Area Home Prices Not Yet Affected By Higher Mortgage Rates
S&P Dow Jones CoreLogic released the April Case Shiller home price indices for the Chicago area and the nation and there is still no sign of higher mortgage rates slowing down home price appreciation. But in all fairness the April data is really an average of the three months ending in April so it’s a... Read more »