Category: Market conditions
Reports on the state of the housing market
Case-Shiller Tuesday: Slight gains in home values across the nation
Home prices here and across the country rose slightly from May to June, according to the latest Case-Shiller home price indices published by Standard [...]
Condo prices fell in 59 neighborhoods, including all of the 10 most popular
In the first half of 2009, the median sale price of a condo fell in 59 out of 77 Chicago neighborhoods, including almost all the neighborhoods with we [...]
Quote of the day: Confidence on the rise
Earlier this year was just a carryover of what happened last fall, and it was terrible. We went probably six weeks without making one sale. Same amoun [...]
Appraisal Research: 39 percent of downtown homes under construction remain unsold
Almost 5,400 condos and townhomes were under construction in the downtown market as of July, with delivery dates set for anytime between this year a [...]
Appraisal Research: More challenges lie ahead
For 2009, the challenges include:
Unemployment levels remain high in the Chicago metropolitan area.
There are still issues of consumer confidence, [...]
Appraisal Research: Signs of life in the market
The latest Downtown Benchmark Report summary from Appraisal Research Counselors is hot of the presses and in my hands right now, and for the first tim [...]
Fewer sales in all categories in '09
My last post showed that the median price of a home sold in Chicago fell for the first time since this cycle began. The number of homes sold has been [...]
Sellers settle for less in first half of '09
Up until this year, the real estate recession could be seen in Chicago mostly in the declining number of home sales -- and time on the market -- but n [...]
A glut of homes in Kenilworth?
Having lived in Kenilworth for 5 years some time back, I can vouch for the fact that it's an exceedingly pleasant, low-key, and friendly place to be [...]
Jon Stewart on Timothy Geithner's house
The Daily Show With Jon StewartMon - Thurs 11p / 10cHome Crisis Investigationwww.thedailyshow.comDaily Show Full EpisodesPolitical HumorJoke of the Da [...]
All signs point down in first half of '09
June home sales data are out and a few news organizations are clinging on an increase in sales between May and June, pointing to signs of optimism. Th [...]
Case-Shiller Tuesday: Chicago home values rose slightly from April to May
The values of single-family homes and condos in Chicago rose from April to May 2009, but values nationwide dipped by another fraction of a percent whe [...]
Quote of the day: December approaches
"I only wonder how much of the increase is coming from rising demand from new homebuyers. The tax credit is boosting demand, but what will happen when [...]
Appraisal issues, new opportunities in Chicago
Recent changes have created a number of problems with appraisals in Chicago, says Kathleen Cordes of Prudential Preferred Properties' Lincoln Park o [...]
Short sales, foreclosures, REOs and new construction deals
The question of whether this is "a good time to buy" doesn't make much sense to me without a specific factual context. Whatever your take might be o [...]
Case-Shiller: Chicago condo values still declining less than overall city, national values
The news peg for the latest Standard & Poor's Case-Shiller Home Price Indices is that the decline in home values may be slowing. "April ... marked [...]
Home price bottom – are we there yet?
According to Calculated Risk, the answer to that question depends on the answer to this question: has the unemployment rate peaked?
See the informati [...]
Declines continue in latest Case-Shiller report
You know the drill: It's the last Tuesday of the month, which means it's time to look at the latest S&P/Case-Shiller Home Price Indices.
The head [...]
Appraisal Research: Reasons for optimism
From the summary of Appraisal Research Counselors' 1Q 2009 Downtown Benchmark Report.
So what are the reasons for optimism in the market?
No more [...]
Appraisal Research: This year's challenges
For 2009, the challenges remain:
Unemployment levels remain high in the Chicago metropolitan area.
There are still issues of consumer confidence.
[...]