Tag: market conditions

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 »

Case Shiller: 3rd Month Of Slower Home Price Growth In Chicago Area

Case Shiller: 3rd Month Of Slower Home Price Growth In Chicago Area
S&P Dow Jones CoreLogic released their last Case Shiller home price indices update for 2021 this morning. Because of their normal reporting lag it’s for October. Both the nation and the Chicago area continue to post healthy but slower home price appreciation from the peak 4 months ago. This is the third month in a... Read more »
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Chicago Real Estate Market Sets A 16 Year Record

Chicago Real Estate Market Sets A 16 Year Record
After last November surpassed the Chicago real estate market’s 2019 home sales number by 18.4% it was hard to believe that this year could be any better. Nevertheless, more than 1 1/2 years into the pandemic, we just posted another gangbuster sales increase of almost the same amount – 19.0%. Of course in two weeks... Read more »

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 »

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 »
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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 »

Chicago Foreclosure Activity Still Making A Comeback

Chicago Foreclosure Activity Still Making A Comeback
The Q3 2021 U.S. Foreclosure Market Report from ATTOM confirms what we’ve been expecting. With the foreclosure moratorium out of the way US foreclosure activity is starting to pick up. According to the report third quarter foreclosure filings were “up 34 percent from the previous quarter and 68 percent from a year ago” with September... Read more »

Case Shiller: Chicago Area Home Prices Finally Set A New Record

Case Shiller: Chicago Area Home Prices Finally Set A New Record
It only took the Chicago area 15 years to climb out of the carnage from the housing bubble bursting but it finally happened according to data from S&P Dow Jones CoreLogic released this morning. The August Case Shiller home price indices included the first new record high in Chicago area single family home prices since... Read more »
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Chicago Real Estate Market Update: Highest September Sales In 15 Years

Chicago Real Estate Market Update: Highest September Sales In 15 Years
Well, it looks like the Chicago real estate market is still managing to eke out records despite all the effects of the pandemic speeding up and slowing down activity. The graph below shows all the monthly home sales history going back to 1997 along with all the September data points flagged in red. You can... Read more »