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 »

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 »
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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 »

Case Shiller: Chicago Area Home Prices Take Off But Still Lag The Nation

Case Shiller: Chicago Area Home Prices Take Off But Still Lag The Nation
The S&P Dow Jones people released the October CoreLogic Case Shiller home price indices this morning which continue to demonstrate incredible strength in home prices across the nation. Over the past year the nation’s home prices rose by a whopping 8.4%, which is up from an annual appreciation rate of 7.0% for September. The Case... Read more »
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This Outdated Bensenville Home Is Actually Really Cool - And Kinda Contemporary

This Outdated Bensenville Home Is Actually Really Cool - And Kinda Contemporary
It’s been a while since I’ve featured a specific property but then I saw Dennis Rodkin’s Crain’s article on this mid-century modern home in Bensenville a couple of weeks ago and was immediately impressed by the photos. I thought it was worth sharing. With 3 bedrooms and 3 bathrooms, the 2900 square foot, single level... Read more »

There Just Aren't That Many Foreclosures In Chicago...For Now

There Just Aren't That Many Foreclosures In Chicago...For Now
Late last week ATTOM Data Solutions released their November 2020 U.S. Foreclosure Market Report which continued to show an 80% decline in activity from last year due to the pandemic motivated foreclosure moratorium in place. That FHFA moratorium continues to get extended and is currently in place until January 31, 2021. It’s worth noting that,... Read more »

Chicago Real Estate Market Update: Continuing The Run Of 14 Year Records

Chicago Real Estate Market Update: Continuing The Run Of 14 Year Records
The Chicago real estate market is on a run. November was the third month in a row where home sales posted a 14 year record high. You can see it in the graph below which shows monthly home sales going back to 1997 with all Novembers flagged in red and a green 12 month moving... Read more »
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How I'm Preparing My House For Sale In 15 Months

How I'm Preparing My House For Sale In 15 Months
I’m planning on selling my house in about 15 months or so. I have a really good sense of how it stacks up against the likely competition – the pluses and minuses. And I also know which of the minuses can be fixed in order to help me get a better price for the home.... Read more »