Tag: Market conditions

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Chicago-area home sales down 12.9% in August

Chicago-area home sales down 12.9% in August

The following arrived via a news release from Redfin: This past August, typically one of the hottest selling months of the year, the number of ...
A surge in MLS-listed downtown rentals

A surge in MLS-listed downtown rentals

The number of homes and condos listed for rent in the 14 downtown ZIP Codes that we tracked rose 14% from 6 weeks ago, and 13% over the same time ...
Will the North Loop absorb all the new apartments?

Will the North Loop absorb all the new apartments?

Five years ago there were fewer than 200 rental apartments in the Loop north of Madison St, at MDA City Apartments. Since that time nearly 1,900 apart ...
Cash sales fall to a third of the home market

Cash sales fall to a third of the home market

The following is from a CoreLogic news release: Cash sales made up 33 percent of total home sales in June 2014, the lowest share since Septem ...
Chicago-area home prices up 7% year-over-year in July

Chicago-area home prices up 7% year-over-year in July

From a CoreLogic news release: Home prices nationwide, including distressed sales, increased 7.4 percent in July 2014 compared to July 2013. ...
North Shore – Barrington area home price growth is moderating

North Shore – Barrington area home price growth is moderating

The following arrived via a news release from the North Shore – Barrington Association of Realtors: Home prices on the North Shore continued to ...
Chicago ranks highest in distressed property sales

Chicago ranks highest in distressed property sales

The following arrived via news release from CoreLogic: Distressed sales (REO and short sales) accounted for 11.4 percent of total home sales in ...
Number of MLS-listed downtown rentals on the rise

Number of MLS-listed downtown rentals on the rise

There are currently 994 homes, apartments and condos listed for rent in the Multiple Listing Service (MLS) in the 14 downtown Chicago ZIP Codes th ...
Chicago-area home price increases outpace national average

Chicago-area home price increases outpace national average

CoreLogic released its June Home Price Index (HPI) report yesterday. Home prices nationwide, including distressed sales, increased 7.5 percent in ...
Available MLS-listed rentals at a high on North Lakefront

Available MLS-listed rentals at a high on North Lakefront

As of late yesterday there were 832 homes and condos listed for rent in local Multiple Listing Service in ZIP Codes 60614, 60657, 60613, 60640, 60 ...
Is a South Loop rental bubble in the cards?

Is a South Loop rental bubble in the cards?

When the condo market hit the skids in the latter part of the last decade the South Loop was one of the neighborhoods with the greatest imbalance ...
Thirty percent of mortgaged Chicago homes seriously underwater

Thirty percent of mortgaged Chicago homes seriously underwater

RealtyTrac defines a mortgaged home as "seriously underwater" when "the combined loan amount secured by the property is at least 25 percent higher ...
Foreclosure, delinquency rates down sharply in Chicago metro area

Foreclosure, delinquency rates down sharply in Chicago metro area

Foreclosure rates in the Chicago – Naperville - Arlington Heights metro decreased for the month of May over the same period last year, according t ...
June foreclosures at lowest levels since 2006

June foreclosures at lowest levels since 2006

RealtyTrac released its Midyear 2014 U.S. Foreclosure Market Report today. The report reflects a 19% decrease in US foreclosure filings over the p ...
Buying into a walk-up conversion was often a bad deal

Buying into a walk-up conversion was often a bad deal

In the 40 years that I've followed Chicago condo conversions I've rarely seen the renovation and condo conversion of a 12+ unit walkup buildings w ...
Catalyst 50% leased with no free rent concessions

Catalyst 50% leased with no free rent concessions

Yesterday evening I met a member of the leasing staff at Catalyst who told me that move-ins at the new West Loop building have begun and 50% of th ...
Profiling homes that sell at a deep discount or at a premium

Profiling homes that sell at a deep discount or at a premium

RealtyTrac released an analysis today profiling which single family homes sell at the deepest discounts and which sell at the highest premiums bas ...
Completed foreclosures plummet in metro Chicago area

Completed foreclosures plummet in metro Chicago area

CoreLogic released its May National Foreclosure Report yesterday. According to CoreLogic, for the month of May 2014, there were 47,000 completed f ...
Chicago doesn’t rank among top rental markets for investors

Chicago doesn’t rank among top rental markets for investors

RealtyTrac just released its Q2 2014 Residential Property Rental Report, which ranks the best markets for buying residential rental properties alo ...
Chicago area ranks high in zombie foreclosures

Chicago area ranks high in zombie foreclosures

According to RealtyTrac, the Chicago metro area had 9,975 "zombie foreclosures" in Q2 2014, ranking it third in the nation. The following is from ...
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