Real estate news & trends
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Home prices
Yesterday CoreLogic released its April MarketPulse Report (PDF, free registration required). The report includes a discussion of housing’s anticipated contribution to economic growth and an analysis of single-family rental supply and demand trends. Key findings in the report include: Increasing equity has revived buyer demand, and trade-up opportunities are increasing for some buyers. Investor demand ...
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Posted by Joe Zekas on April 24, 2013
The median selling price of a house in Chicago was 14% higher in the third quarter of 2012, led largely by sharp price increases at the top of the market. The median price of the 6,884 single family home sales between July 1 and September 30 was $165,000, a 14% increase over last quarter and ...
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Posted by Jeff Baird on November 6, 2012
The following market update arrived via a news release from RE/MAX Northern Illinois: September traditionally marks the beginning of the fall season when home sales begin their retreat from summer highs. This September, however, delivered the most promising results that the seven-county metropolitan Chicago real estate market has seen in several years, according to an ...
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Posted by Joe Zekas on October 12, 2012
The following market update arrived via a news release from RE/MAX Northern Illinois: Home sales in May offered some encouraging news for the metropolitan Chicago real estate market, according to an analysis by RE/MAX. Compared to activity in May 2011, sales this May were 23 percent higher. The average time those homes spent on the ...
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Posted by Joe Zekas on June 15, 2012
Yesterday’s email brought the following home price info from CoreLogic: In Chicago-Joliet-Naperville, home prices, including distressed sales, declined by 7.3 percent in April 2012 compared to April 2011 and declined by 7.9 percent in March 2012 compared to March 2011. Excluding distressed sales, year-over-year prices declined by 1.1 percent in April 2012 compared to April ...
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Posted by Joe Zekas on June 6, 2012
CoreLogic released its February Home Price Index yesterday, and once again the Chicago numbers are down: In the Chicago-Joliet-Naperville area, home prices, including distressed sales, declined by 7.3 percent in February 2012 compared to February 2011 and declined by 9.1 percent* in January 2012 compared to January 2011. Excluding distressed sales, year-over-year prices declined by ...
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Posted by Joe Zekas on April 5, 2012
Chicago Magazine’s April issue hits the stands this week, and one of its features is a series of charts on how home values have performed between 2006 and 2011 in Chicago’s neighborhoods and suburbs. Only one suburb, according to data supplied to Chicago Magazine by the local MLS, saw an increase in home values between ...
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Posted by Joe Zekas on March 15, 2012
Yesterday CoreLogic issued a news release for its December Home Price Index (HPI), providing a look at full-year 2011 price changes: The CoreLogic HPI shows that including distressed sales, home prices in the U.S. decreased 4.7 percent in 2011 compared with December 2010. This year-end report shows that home prices continued the trend of year-end ...
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Posted by Joe Zekas on February 3, 2012
It’s the last Tuesday of the month, bringing with it the release of the eagerly-awaited Case-Shiller Home Price Index data, the most-closely watched and least-predictive housing index in the country. The not seasonally-adjusted index for May for single-family homes rose 1.72% over the previous month, but that represented an 8.11% year-over-year decline and left it ...
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Posted by Joe Zekas on July 26, 2011
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