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 »

This Outdated Bensenville Home Is Actually Really Cool - And Kinda Contemporary

This Outdated Bensenville Home Is Actually Really Cool - And Kinda Contemporary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 »
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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 »

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 »
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DOJ Lawsuit Forces Realtors To Change Co-op Commission Practices

DOJ Lawsuit Forces Realtors To Change Co-op Commission Practices
For some time the way realtors get home sellers to pay buyers’ agents (co-op) commissions has come under antitrust scrutiny. About 1 1/2 years ago a class action lawsuit was filed by some home sellers alleging that several brokerages engaged in price fixing with regard to co-op commissions. Now, just 1 1/2 weeks ago, the... Read more »

Chicago Neighborhoods With The Highest Home Price Gains In 2020

Chicago Neighborhoods With The Highest Home Price Gains In 2020
On Tuesday I posted the monthly update of the Case Shiller home price index from S&P Dow Jones CoreLogic which showed a dramatic rise in Chicago area home prices during the last year. Unfortunately, that index only tells us how home prices are doing across the entire metro area when, in reality, home prices could... Read more »

Case Shiller: Chicago Area Home Prices Highest Gains In 3 1/2 Years

Case Shiller: Chicago Area Home Prices Highest Gains In 3 1/2 Years
Well, finally, what everyone has been talking about has been confirmed in the data so now it’s real. According to this morning’s release of the September Case Shiller home price indices for single family homes prices across the nation soared by 7% in the last year. That’s the strongest gain in more than 6 years.... Read more »
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That Cook County Covid Adjusted Property Tax Value Won't Save You Much

That Cook County Covid Adjusted Property Tax Value Won't Save You Much
Maybe a week or so ago I received a notice in the mail from the Cook County Assessor’s office explaining that they had lowered my home’s assessed tax value in light of the Coronavirus pandemic. I got about a 9% reduction. My first question was “Why are they doing this?” because I’ve seen no evidence... Read more »