Tag: Market conditions
Foreclosure filings continue downward trend
RealtyTrac just released its Foreclosure Market Report for January 2014. The report shows foreclosures rising 8% month over month nationally, but [...]
CoreLogic reports Chicago-area home price surge
CoreLogic is reporting that home prices nationally increased 11% year-over-year in December 2013, the 22nd consecutive month in which home prices [...]
Chicago-area sales, prices rise in December
The following market update arrived via a news release from RE/MAX Northern Illinois:
During the final month of 2013, home sales in the seven [...]
Chicago drops out of top 10 metros in foreclosure rate
Miami had the highest foreclosure rate in the nation in 2013, with 3.93% of its housing units in some stage of foreclosure, according to recently- [...]
One-third of mortgaged Chicago-area homes are deeply in the red
Here's some bad news for home buyers who've been expecting rising home values to result in a broader selection of homes coming on the market.
A [...]
Chicago-area home prices up 12.4% year-over-year
The CoreLogic Home Price Index for November 2013 reports that Chicago-area single-family home prices were 12.4% higher than in November 2012.
C [...]
MLS-listed downtown rentals up 51% year-over-year
The number of MLS-listed homes and condos available for rent in the 14 downtown ZIP Codes that we track fell from 1,150 three weeks ago to 1,059 y [...]
Chicago-area foreclosure rates in sharp decline
Foreclosure rates in Chicago-Naperville-Arlington Heights decreased for the month of October over the same period last year, according to newly re [...]
Will The Sterling become sterling?
Nearly six years ago Crain's Chicago Business cited The Sterling, 345 N LaSalle St, as the "condo foreclosure capital of Chicago." Ninety-five foreclo [...]
Chicago metro fifth in homes with negative equity
According to a recently released CoreLogic report, 20.5% of all metro Chicago homes with a mortgage were worth less than the amount of the mortgag [...]
Metro Chicago home prices continued to rise in November
Home values in the seven-county metro Chicago real estate market extended their upswing in November, according to an analysis by RE/MAX, based on [...]
Strategic vision or wishful thinking in Lincoln Park high-rise buy?
Crain's Chicago Real Estate Daily is reporting that the 1980s-era 162-unit high-rise at 2555 N Clark St St in Lincoln Park has been sold for $53 milli [...]
North lakefront rental inventory dips
The number of homes and condos listed for rent in the MLS in six north lakefront ZIP Codes had been trending steadily upward, from 542 in mid-June [...]
East-West U and the South Loop apartment market
According to one report, Chicago's Loop area is home to more than 30 different educational institutions with more than 65,000 students.
A numb [...]
Chicago sales volume up 31% year-over-year in October
According to just-released RealtyTrac data, Chicago's October residential sales counts were at an annualized pace of 182,767, 31% higher than in O [...]
Million dollar sales up 42 percent in Chicago
The following market update arrived via a news release from RE/MAX Northern Illinois:
Combined sales of attached and detached residences in C [...]
High-rise rents, occupancy, absorption rates all fall
After years of seeing rents rise, renters may be singing "happy days are here again," according to Appraisal Research Counselors data reported by Chic [...]
Median Chicago condo sales price soars 24% year-over-year
The following market update arrived via a news release from RE/MAX Northern Illinois:
October home sales in the metropolitan Chicago real est [...]
MLS-listed north lakefront rentals hit another high
A year ago at this time there were 494 MLS-listed homes and condos available for rent in ZIP Codes 60614, 60657, 60613, 60640, 60660 and 60626. Th [...]
Chicago foreclosure rate third-highest among large metros in October
Chicago had the third-highest foreclosure rate among the 20 largest metropolitan areas in October, according to data just released by RealtyTrac. [...]