Tag: Market conditions
Own a 2/2 in Morgan Park for $400 a month
If you want to lock in extremely low housing costs in a decent area you might consider a close look at parts of Morgan Park.
A 2-bedroom, 2-bat [...]
Is Kenilworth the 5-year home value champ?
Chicago Magazine's April issue hits the stands this week, and one of its features is a series of charts on how home values have performed between [...]
Forget Saint Patrick and focus on Saint Joseph to sell your home
With the approach of St Patrick's Day, many Chicagoans are looking forward to slipping the surly bonds of civilization and settling in for a weeke [...]
Can a not-great Winnetka neighborhood fetch $16.7 million?
If the notion of a second-rate neighborhood in Winnetka seems strange to you, you probably don't live in Winnetka.
"That's not a great neighbor [...]
Quote of the day – geezer home markdowns and new urbanist buzz
Our quote comes from Walter Russell Mead's rumination on the Millennial generation and housing:
At the end of the day, the nation’s housing st [...]
CoreLogic sees year-over-year decline in January home sales in Chicago
According to CoreLogic's March MarketPulse report (PDF), the Chicago-Joliet-Naperville CBSA saw 3,622 home sales in January of 2012, down 10.4% fr [...]
When South Loop buyers lined up at 4:30 in the morning
In October of 2006 we reported that between 400 and 500 prospective buyers attended the opening of Museum Park Place South, some of them arriving [...]
Chicago housing is clearly in a buyers’ market
The housing market in Chicago is clearly a buyers market. However, beginning in October of last year we began to feel a turn which is now showing up a [...]
Video from Crain’s residential forecast panel
Crain's Chicago Business has now made it possible for you to watch the panel discussion at its recent Residential Forecast Breakfast. Crain's seni [...]
Will Pete’s Fresh Market revive Madison and Western?
Pete's Fresh Market had a ceremonial groundbreaking on a Near West Side site at the southeastern corner of Madison and Western several weeks ago, [...]
Case-Shiller – Chicago home and condo prices down again
It's the last Tuesday of the month, a/k/a Case-Shiller Tuesday, and the results are in for December home price trends.
The seasonally-adjusted inde [...]
Online apartment availability check, Presidential Towers
As more of Chicago's large apartment complexes make their exact apartment availability info accessible online, it's becoming easier and easier to [...]
Renters rule the housing market as prices poised to plummet
Economist A. Gary Shilling is predicting increased attractiveness for renting and a further 20% or greater drop in home prices. He explains the ra [...]
Home prices headed in the right direction – down
Today’s front-page Tribune article on housing prices in the region reports that sales volume has been rising in each of the last seven months, but [...]
Staying up to date on sales data
The latest statewide and national sales data from the Illinois Association of Realtors and National Association of Realtors were released today, a [...]
A downturn in suburban rents, occupancy levels
"One month's free rent" signs dotted the roadside last week as I traversed Lake County on my way to Fox Lake. The signs registered more vividly t [...]
A cold wind blows at 2930 North Sheridan
Five years ago YoChicago was writing about the recently-announced condo conversion at 2930 North Sheridan, in Lake View. We revisited the developm [...]
New and notable rental – $20K a month at Olympia Centre
At a height of 725 feet the 63-story Olympia Centre is said to be the tallest mid-block building in Chicago. In addition to condominiums the build [...]
Condos fare worse than houses in lowest tier
In my most recent post, I wrote about how condominiums, all else equal, can fall in value farther than houses due to underwriting standards issued [...]
Why condo prices can fall harder than house prices
Earlier this week, I wrote about three neighborhoods -- Rogers Park, Humboldt Park, and Irving Park -- whose condominium markets have been pummele [...]