Category: Market conditions
Reports on the state of the housing market
Oozing character. Not in demand.
Is vintage over?
See one viewpoint at FSBO in Chicagoland, where a seller rants about the vogue for new construction, and its impact on the price of [...]
Chicago – 20% overvalued?
Business Week Online relays a report from a Goldman Sachs analyst on housing valuations across the country. Chicago housing, according to the report, [...]
New Jersey passes Illinois in luxury home sales
According to a report out today from Coldwell Banker, Illinois slipped to 5th place among the states in sales of homes over $1 million. The new #4? Ne [...]
The price of luxury in the Chicago housing market
What exactly constitutes ultra-luxury housing in Chicago? Is it price? The materials used? The types of finishes offered? The location? It's a bit of [...]
Dramatic price rise in Chicago condo market
We mentioned last week that new-construction condo prices are rising as the cost of construction and land acquisiton increases, but here are some figu [...]
Chicago's luxury rentals are a big hit
It seems that everywhere you turn these days there is a luxury rental building going up. First there was the conversion of The Bernadin, then came The [...]
Chicago condos are shrinking
It's getting more expensive to build a condo these days, we're told. Construction costs have gone up because of a worldwide shortage of things like co [...]
Loop real estate – better odds than an Indiana casino
Now we know what we should have been doing two years ago - plonking down money on a highrise condo in the Loop.
The median price for condos has leapt [...]
Renting at the high end
Chicago rents don't approach the $100K and up a month that you'll find in Manhattan, or even the $60K that's not uncommon in LA.
To catch up on the l [...]
Bucktown of tomorrow?
The latest area to receive the hype treatment from Chicago developers and real estate agents is the land roughly bounded by North Western, West Montro [...]
Luxury homes in Lincoln Park sit, and sit some more on the market
Could there be a glut of McMansions in Lincoln Park? It might be one reason the average price of the city's toniest residences (the single-family home [...]
New Year's resolutions
If your New Year's resolution is to make money on the real estate market or even if you resolve just to stop lining the pockets of your landlord and b [...]
New-home sales slip, fall, spring leaks, slump, weaken, erode
Your head will spin from a dizzying array of metaphors as Crain's Chicago Business surveys the state of the new construction market in Chicago.
The t [...]
When your Chicago rental goes condo…
What should you do when your downtown apartment building goes condo? Renters face a mixed bag of experiences in New York, according to contributors to [...]
For flipped flippers only
In 1989, recently divorced and completely broke, I moved into an amenity-free mid-rise building on the edge of the Gold Coast. My fellow tenants were [...]
Online apartment hunt turns up gems in Chicago
Finding a place to live in Chicago is stressful enough if you've lived here forever. When you're fresh out of college and broke, it can be a bit more [...]
Mountain of housing inventory headed for Chicago market
There are a whopping 11,000 new construction housing units currently in the pre-marketing stages of development and Chicago will see a huge amount of [...]
Lissner's real estate forecast for 2006
The guru of Chicago real estate trends, Gail Lissner, gave her annual forecast for the coming year at a Chicago Association of Realtors forum earlier [...]
Oh what a feeling – Evanston condos
What do Evanston condo developers and Toyota have in common? Both look like they are desperately trying to unload end-of-year stock. If you always fan [...]
Will $500,000 cabanas catch on in Chicago?
Cabanas - those tiny ocean and pool-side shacks better known as the love nests of Desperate Housewives-types and their compliant poolboys than as hot [...]