Category: Market conditions
Reports on the state of the housing market
Loft buyers Yelp themselves to $25
Home builders, eager to reach buyers in a soft market, are making their offers in unexpected places on the Web.
Some of the more creative efforts we' [...]
The foreclosure cancer in West Lawn
Each red dot on the above map represents a foreclosure filing in ZIP code 60629, encompassing parts of Chicago's West Elsdon and West Lawn neighborh [...]
More bad news for downtown housing market?
Crain's is reporting that Houston-based Hines Interests is having difficulty financing a 60%-leased 52-story office tower at 444 W. Lake St.
That may [...]
The market remains in "pause-mode"
Chalk up another artful turn of phrase to describe the current state of Chicago's downtown residential new construction market: pause-mode.
The phras [...]
Park 1000: From dustbin to wastebasket
We finally received our copy of Appraisal Research Counselors' Downtown Chicago Residential Benchmark Report summary, and already it's yielding some m [...]
18-unit development at 4421 North Clark on hold
When I spoke with Ken Jungwirth from Rubloff Residential Properties about the development at 4420 N Clark St in Uptown, he reminded me that Berger Dev [...]
Downtown market has worst quarter since 2001
Crain's is already sifting through Appraisal Research Counselors' latest Downtown Benchmark Report (released today), and so far its findings look pret [...]
Quote of the day: Narrowing the gap
"The bad news on the general economy front is getting through to people and certainly is making their perception of home values more accurate... [home [...]
Case Shiller: Chicago home prices drop 9.8 percent year over year
Home prices in Chicago dropped by almost 10 percent from August 2007 to August 2008, according to the latest Standard & Poor's/Case Shiller housin [...]
Gail Lissner: Condo development trends see a change of pace
Downtown Chicago is nearing the end of a four-year construction boom period, in which more than 18,500 new condominium units have been completed. Many [...]
Navigating a tough Chicago real estate market
In the video, Matt Garrison offers up some straight talk on whether you should consider buying, whether the market has bottomed out, and what type o [...]
More than 400 units planned for Pilsen site
Chicago Sun-Times business reporter David Roeder is already looking forward to a rebound in the local condo market, and he says Pilsen is one neighb [...]
The Chicago market: supply, demand and opportunities
Last week I visited Alan Lev, President of Belgravia Group, at his offices. Lev is also President of the Home Builders Association of Greater Chicag [...]
Is it really cheaper to buy in winter?
In an article posted on Slate over the weekend, Tim Harford explains that the house-price indices reported to the media are seasonally adjusted, becau [...]
Downtown Chicago condos – sales down, deliveries up
The Q2 2008 Residential Benchmark Report from Appraisal Research Counselors (ARC) serves up a variety of generally downbeat news for developers of new [...]
Downtown Chicago condos competing with themselves
The Q2 2008 Residential Benchmark Report from Appraisal Research Counselors (ARC) serves up a variety of generally downbeat news for developers of new [...]
The vultures are circling new downtown condos
The Q2 2008 Residential Benchmark Report from Appraisal Research Counselors (ARC) serves up a variety of generally downbeat news for developers of new [...]
Downtown Chicago new home inventories grow
The Q2 2008 Residential Benchmark Report from Appraisal Research Counselors (ARC) serves up a variety of generally downbeat news for the downtown Chic [...]
Contract cancellations rise in downtown Chicago
The Q2 2008 Residential Benchmark Report from Appraisal Research Counselors (ARC) serves up a variety of generally downbeat news for the downtown Chic [...]
Report: 685 new downtown homes sold in first six months of '08
"People want to know where the bottom is — if they knew where the bottom is, they would jump up and buy... I don't know when that day is, and I'm not [...]