Tag: Market conditions
Belgravia Group’s Alan Lev on the Chicago real estate market
Belgravia Group has been one of Chicago's most successful real estate developers for more than 60 years -- a track record that few companies can m [...]
Bleak November Chicago housing numbers from CoreLogic
The CoreLogic Market Pulse report for November (PDF) just became available and the Chicago numbers aren't pretty.
For the Chicago-Joliet-Naperv [...]
Marcus & Millichap anticipates lower vacancies, higher rents in Chicago
Marcus & Millichap's 2012 National Apartment Report (PDF, registration required) just became available online. The report summarizes information a [...]
A foreclosure trifecta for politically-connected Chicago developers
The last few years can't have been much fun for Thomas DiPiazza and Richard Ferro, developers who are usually mentioned by way of their political [...]
Tracking MLS-listed north lakefront rentals
Last week we quietly began keeping track of the available inventory of homes and condos listed for rent in six north lakefront ZIP Codes in the lo [...]
Would you pay $289 a buildable square foot for vacant land in Lake View?
You'll find a number of multi-million dollar homes north of Addison along Wayne and Janssen. The home pictured above at 3804 N Janssen, for exampl [...]
Coldwell Banker acquires Keller Williams offices
In weak real estate markets weaker brokers are often acquired by stronger ones, who view a depressed market as an opportunity to expand and gain marke [...]
Revisiting Edgewater condo conversions
The real estate crash that began late in 1979 hit Edgewater the hardest among Chicago's north lakefront neighborhoods. Edgewater condos sold for [...]
Living La Vida Loca at the edge of Logan Square
The developer promised Dolce Living at Springfield Vue condominiums, 1920 N Springfield at the edge of Logan Square. What I saw at the site was cl [...]
MLS-listed downtown rentals at two-year low
When we first began tracking MLS-listed rentals, in late November of 2009, there were 1,927 units available for rent in 14 downtown ZIP codes. As [...]
Shedding some light on the luminiferous California Estates
To the best of my recollection, the first time I ever encountered the word luminiferous was nearly six years ago, on the sign pictured above. The [...]
Bearish prospects for original buyers at Bucktown’s Baer Lofts
Five years ago today one-bedrooms at Bucktown's Baer Lofts, 1927 N Milwaukee Ave, were being offered for sale from the $270s and two-bedrooms from [...]
Are we becoming a nation of renters?
The headline on a recent Reuters story at MSNBC giddily announces: America becoming a nation of renters.
Chicago, like a number of major cities [...]
Chicago budgets for a slow year in 2012 home sales
The State of Illinois and Cook County impose transfer taxes on the sale of real estate, as do a number of municipalities, including the City of Ch [...]
Case-Shiller – Chicago home and condo prices down
It's Case-Shiller Tuesday, and the results are in for October home price trends.
The seasonally-adjusted index for metro-area Chicago single-family [...]
Steep declines on 525 Hawthorne Place resale prices
525 Hawthorne Place was built in 1969 and converted to condos in 2002. The 30-story, 233-unit building has a solid Lakeview East location overlooking [...]
MLS-listed downtown rental market remains strong
When we first began tracking the inventory of MLS-listed rentals in 15 downtown ZIP codes, in November of 2009, there were 1,927 units available f [...]
November new home sales up sharply in Midwest
The US Census Bureau reports that November new home sales (pdf) were at a seasonally adjusted annual rate of 315,000, a 1.6% increase from the Oc [...]
New residential construction up sharply in November
In a joint release (pdf), the Census Bureau and the Department of Housing and Urban Development announced that both building permits and housing start [...]
Price drops 44% in 14 days on Jackson Park Highlands home
Talk about rapid-fire price reductions …
The 5-bedroom, 3-bath home at 6710 S Euclid Ave in Jackson Park Highlands came on the market November [...]