Category: Market conditions
Reports on the state of the housing market
Residences at Burnham Pointe in jeopardy?
Chicago-based Terrapin Properties LLC may be in danger of dissolution following a foreclosure suit against one of the company's Kenosha, Wisc., develo [...]
James Place proposal scrapped
James Place, a 16-story luxury high-rise planned for 100 W Huron St in River North, has been canceled. The news comes just a few weeks after we checke [...]
Lowball offers, overpriced properties
There are many cross-currents in today's market.
According to Coldwell Banker's Lino Darchun, some sellers "are extremely reluctant to believe that [...]
Comment of the day: Don't overlook the right home at the right time
"On one hand [buyers] hear all the bad national market news. On the other, they lose properties they actual love in multiple offers or by never offeri [...]
And that's a wrap for Motor Row Condominiums' sales center
During a brief sojourn through the South Loop yesterday, I stopped by Motor Row Condominiums' sales center (2300 S Michigan Ave) - or rather, the sh [...]
Picking the right time to buy a home
While other home builders were scaling back or closing down, Jeff Benach and his partners, home building veterans, recently launched Lexington Homes [...]
An overlooked housing statistic
A rush of articles stemmed from yesterday's Appraisal Research Counselors luncheon, including one from the Sun-Times suggesting we prepare for the "gl [...]
The one-two punch: Home sales down, foreclosures up
A pair of articles in Crain's today paints a rather dreary - but not entirely unexpected - picture of the Chicago home market.
Home sales fell 28 per [...]
Chicago's seniors threatened by gentrification and rising home costs
Of all the groups threatened by gentrification and soaring mortage payments, senior citizens might be the most at-risk. This singular demographic is t [...]
Chicago builders offer predictions for 2008
They didn't use crystal balls, but a handful of key real estate players from the Lincoln Park Builders of Chicago nonetheless sought to predict the fu [...]
More for your money in Jefferson Park?
Back in December 2007, Yo toured Kennedy Estates, a new condo project on the tiny piece of land between I-90 and I-94, back in December. Despite a wea [...]
Santa Monica, Cambridge, Alexandria, Skokie
Skokie?
All four, according to Forbes Magazine, rank among America's most overpriced suburbs. It's probably the first and last time that Skokie finds [...]
Still waiting for the second phase of Theater District Lofts in Uptown
Uptown Update, a blog dedicated to news and commentary from the 46th Ward, published a nice check-in on the Theater District Lofts' second phase, wh [...]
Several high-rise proposals stalled for '08
High-rise development has its winners and losers, and 2008 will certainly prove to be a watershed year for the entire building community.
For New Hom [...]
Quote of the day: How low can you go?
"It’s almost like a limbo pole that’s almost on the ground and can’t go any lower. This is about it."
- Real-estate consultant Tracy Cross, on report [...]
NYC fund manager bets against housing, nets $3B
Here's our good news / bad news post of the day. Today's Wall Street Journal features a profile writeup on John Paulson, a hedge fund manager who deci [...]
Four luxury homes to replace canceled high-rise in Lakeview East
It's official: the tall, narrow high-rise that was planned for 541 W. Cornelia Ave has been scrapped, according to Robert Stone, of JDL Development Co [...]
Quote of the day: Kinney takes Spire's sales appointments with a grain of salt
"In this market, for the Spire to get several hundred contracts to move ahead with construction will be difficult. If they introduce 600 units priced [...]
Short sales scarce?
For all the chatter about "short sales" - properties being offered for less than the mortgage balance - there's not much evidence of the phenomenon on [...]
Artesian Green seeking green on Facebook
Last July we mentioned a proposed condo conversion at 1330 N. Artesian.
The project is currently seeking investors to pony up $100K to $750K – throug [...]