Tag: housing values

Resisting the temptation to declare the start of a Chicago housing market rebound

The March sales numbers from the Illinois Association of Realtors were good for Chicago. Not only did the number of condo and single-family home sales in the city rise during the month, so did the median price of these sales. That last point is important. For months, city of Chicago home sales have been rising,... Read more »

No more $5 pizzas ... a (sort of) housing market lesson

The $5 pizza restaurant in my neighborhood closed down yesterday, much to the dismay of my 13-year-old son. That’s right, for just $5 you could get a large pepperoni, sausage or cheese pizza. It wouldn’t taste that great, but two pizzas for $10 could feed our family on lazy nights when no one felt like... Read more »

Let's apologize media: There really was a housing bubble

A recent reader of my blog — check one post down — took me to task a bit, asking me, in essence, why the media so often get a free pass for the role they played in the housing boom and bust that sent the country into the Great Recession. Well, that reader is right.... Read more »
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Want a home that's more attractive to buyers? Live by the Metra

Living close to a Metra station is a good financial move. When my family and I were looking for a new home four years ago, we searched until we found one within walking distance — or bike-riding distance if we’re in a rush — of a Metra station. Turns out, that was a wise financial... Read more »

Are the Chicago Case-Shiller numbers good or bad?

My idea of roughing it is staying in a Days Inn. So I considered it living like a mountain man this weekend when my family and I went camping just over the border in Wisconsin. I was staying in a lodge, complete with shower, TV and kitchen. But there were bugs all over the place,... Read more »

That rent vs. buy question doesn't look so obvious anymore

During the height of the residential real estate boom I’d often write the rent-vs.-buy story. If you’ve read the real estate section of any newspaper in the last 10 years, you’ve undoubtedly stumbled across some version of this story: Does it make more financial sense to buy a home or rent an apartment? During the... Read more »
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If this is such a great time to buy a home, why aren't more doing so?

A few weeks ago, I spoke with Louis Cammarosano, general manager with HomeGain, about a wide variety of topics, everything from why so many real estate agents across the country don’t like Pres. Obama to why home sellers and their agents have such a wide disconnect between what their homes are worth. At some point... Read more »

Why do housing foreclosures have to take so much time?

Daniel Burrus Housing foreclosure filings fell in May, a decrease of 3 percent according to online foreclosure company RealtyTrac.com. That sounds good, but there are still a lot of foreclosures going on across the country. According to RealtyTrac’s numbers, one in every 400 U.S. housing units received a foreclosure filing — either a default notice,... Read more »