Category: Market conditions
Reports on the state of the housing market
Forecasting housing prices – pick your poison
An article in today's New York Times outlines the wonderfully varied metrics that economists are using to predict home prices in metropolitan areas. [...]
A common home price drop scenario
Dick Greenwood, Vice President of Builder Marketing for Coldwell Banker Residential Brokerage, is a 37-year veteran of the home-building industry wh [...]
Where are the best new home deals in Chicago?
I sat down with Dick Greenwood yesterday for a wide-ranging discussion that touched on such topics as where the best new home deals are today, and [...]
The incentives now are second to none
That's Dick Greenwood's take on what builders have been offering buyers in the suburban real estate market. Incentives, he says, have included an ey [...]
Chicago's "deathliest" neighborhoods
In Sunday's Trib, columnist Mary Umberger wrote that "sales are up for some of the most expensive real estate in Chicago" according to a few real-esta [...]
What happens to a dream deferred?
Does it dry up like a raisin in the sun?
Two photos of the same site, in the 3900 block of S. Drexel Blvd. The first photo was taken early in Jan [...]
Two words: stunningly soft
That's the take on the residential new construction market from a developer I met with this morning.
If you were to describe current market condition [...]
Parc Huron trailer still parked
It's been several months since Lennar declared 469 W Huron St a "no Parc-ing" zone, but the sales trailer remains on the site.
As shuttered sales t [...]
Buy one new home, get one free
Normally we don't post about properties in other states. But this one, from a San Diego developer, really stands out from the pack of incentives. [...]
Rogers Park, the time of the signs
Last week I spent several days in Rogers Park conducting an extensive field survey of new construction and rehab projects – more than 80 of them, on [...]
What a broker is telling home builders
Builders often consult knowledgeable real estate brokers about what and where they should build, so we asked David Hanna what he's saying to Chicago [...]
The Printers Row and Chicago real estate markets
David Hanna is a partner in Prudential SourceOne and the president-elect of the 16,000-member Chicago Association of Realtors.
We sat down with D [...]
Forget Chicago, buy Jacksonville
As the weather gets warmer, will our local Realtors also be standing on street corners hawking property?
Hat tip to Calculated Risk for the video l [...]
Muddling through the medians
An earlier post on rent-to-own programs triggered a discussion on whether median home prices in Chicago have outpaced median income levels.
That disc [...]
Several condos left at 600 North Fairbanks
Although the sales center is shut down and the building has been in delivery since November, a handful of homes still remains at 600 North Fairbanks i [...]
Roeder: Rokas president is nowhere to be found
Over the past few months, tidibits have been accumulating about the fate of Rokas International and the developer's South Loop projects. Lawsuits, for [...]
2100 sign still on display in South Loop
The sign for Rokas International's 2100 development was still on display last week in the South Loop, even though indications are that the firm is no [...]
Quote of the day: Fewer redevelopment opportunities in North Side neighborhoods
"These are not neighborhoods where they’re knocking down warehouses and building 50 new units. We don’t have a lot of additional inventory."
- Jeff Lo [...]
Add GrandView to the growing condo deadpool
When the real estate market starts to tank, projects on busy streets in outlying neighborhoods generally tank harder. The once-thin demand for these [...]
Why are home buyers so skittish?
Why aren't more people taking the plunge on a new condominium or townhouse at the moment?
“They think that things may be worse than they are. They [...]