Tag: Market conditions

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River North apartments offer 3 months free rent

River North apartments offer 3 months free rent

Parc Huron in River North is offering 3 months free rent on select 1- and 2-bedroom, 2-bath units for 15-month leases starting on or before Novemb ...
MLS-listed downtown rental listings down sharply year-over-year

MLS-listed downtown rental listings down sharply year-over-year

A broker-tipster emailed us yesterday expressing skepticism about published apartment vacancy rates and stating that "the MLS rental inventory is ...
MLS-listed north lakefront rentals, ups and downs

MLS-listed north lakefront rentals, ups and downs

The number of homes, apartments and condos currently listed for rent in the local Multiple Listing Service (MLS) stands at 729 in ZIP Codes 6061 ...
New downtown apartments lowering rents – but not really

New downtown apartments lowering rents – but not really

A number of new downtown apartment buildings have recently lowered their rents while simultaneously discontinuing free rent offers. Almost all ...
Chicago-area home prices up 3.8% year-over-year

Chicago-area home prices up 3.8% year-over-year

According to the recently-released CoreLogic Home Price Index (HPI) report, home prices nationwide, including distressed sales, increased 5.5 perc ...
Chicago’s foreclosure rate 4th highest among top 20 metro areas

Chicago’s foreclosure rate 4th highest among top 20 metro areas

RealtyTrac just released its US Foreclosure Market Report for November 2014, which shows foreclosure filings — default notices, scheduled auctions ...
Chicago ranks 10th among large metro areas in home price appreciation

Chicago ranks 10th among large metro areas in home price appreciation

RealtyTrac just released its October 2014 Residential & Foreclosure Sales Report. According to the report: … the median sales price of U.S. s ...
South Loop condo building reverts from rentals

South Loop condo building reverts from rentals

Condo sales may be heating up in the South Loop. Condo sales at the new 1345 Wabash, Adler Place and Harbor View are apparently robust enough ...
Was the Q3 downtown apartment market really that slow?

Was the Q3 downtown apartment market really that slow?

Chicago Real Estate Daily reported yesterday on the state of the downtown apartment market: After flying high in the first half of the year, th ...
The after-party hangover at Sheridan Park’s Dover Courts

The after-party hangover at Sheridan Park’s Dover Courts

More than six years ago I wandered into a "developer close-out" party at Dover Courts, 4601-17 N Dover in the Sheridan Park neighborhood in Uptown ...
Bowmanville home aims to crack the $1 million mark

Bowmanville home aims to crack the $1 million mark

It's been nearly two years since we visited the 2200 block of Farragut for the video tour, above, of a home with Eric Rojas, one of YoChicago's ad ...
Chicago-area home prices continue to rise year-over-year

Chicago-area home prices continue to rise year-over-year

Home prices nationwide, including distressed sales, increased 5.6 percent in September 2014 compared to September 2013, according to the just-rele ...
Available MLS-listed North Lakefront rentals on the rise

Available MLS-listed North Lakefront rentals on the rise

There were 946 homes, apartments and condos listed for rent in the local MLS yesterday in the six North Lakefront Zip Codes that we track: 60614, ...
Chicago-area foreclosure rate continues to decline

Chicago-area foreclosure rate continues to decline

Foreclosure rates in the Chicago area decreased for the month of August over the same period last year, according to newly released data from Core ...
Have free rent offers slowed the for sale market?

Have free rent offers slowed the for sale market?

More than a dozen real estate brokers have told me that the for-sale market slowed perceptibly and dramatically beginning several months ago. Non ...
Chicago foreclosure rates on the mend

Chicago foreclosure rates on the mend

In October of last year Chicago had the 3rd highest foreclosure rate in the nation among metro areas with a population greater than 200,000. In ...
Percentage of home sales for cash continues to fall

Percentage of home sales for cash continues to fall

The following arrived via news release from CoreLogic: Cash sales made up 32.9 percent of total home sales in July 2014, the lowest share since ...
Record number of new downtown apartments opening in 2015

Record number of new downtown apartments opening in 2015

Renters will have a bonanza of new apartment offerings to choose among in downtown Chicago next year. We define downtown Chicago as the area bo ...
MLS-listed Lincoln Park rentals up 72% year-over-year

MLS-listed Lincoln Park rentals up 72% year-over-year

At this time a year ago there were 138 homes and condos listed for rent in Lincoln Park ZIP Code 60614 in the local Multiple Listing Service. As o ...
Chicago-area foreclosure rate drops sharply year-over-year

Chicago-area foreclosure rate drops sharply year-over-year

Foreclosure rates for the month of July in the Chicago metro area decreased sharply over the same period last year, according to newly-released d ...
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