Tag: Market conditions
A roadmap to the Chicago homes market
Michael Hart's presentation to the Chicago Association of Realtors during last week's 2010 Economic Forecast panel was heavy on slides and charts, n [...]
Quote of the day: "A new reality"
Chicago homeowners will have to get used to a new reality, where selling a house routinely takes six months or more and home appreciation just barely [...]
Turning traffic into sales – it's not easy
One of the ways Appraisal Research Counselors keeps tabs on the downtown market is by tracking buyer traffic to sales centers and open houses on a wee [...]
2010 forecast: When will things improve?
If you feel like you're hearing a different story about the "real" market conditions every time a new report hits the news wire, you're right. There [...]
The buyers were out in Wilmette today
Earlier this afternoon I spent over an hour at a newly-listed home at 1418 Elmwood Ave in Wilmette.
Cliff Breslow and Linda Martin of Coldwell Bank [...]
In other news: Interesting articles from the Chicago Real Estate News feed
Not every story we add to our Chicago Real Estate News feed warrants "top story" status or a "quote of the day" post, but that doesn't make it any les [...]
The alarm bells aren't ringing
A real estate recovery will be difficult without job creation, and Illinois entered the recent economic downturn with one distinct disadvantage: It [...]
Jennifer Ames on open house trends
Upon reflecting on Linda Martin's recent open house at the $3.69 million home 322 Chestnut St in Winnetka, Joe Zekas started wondering whether open ho [...]
Quote of the day: A wish for 2010
I think we're all waiting to see what the new year will bring. When I look at last year, the real bugger for me is the gap between the reality of what [...]
Fun and games with "days on market"
The time a property has been on the market may reveal a great deal about the property, and how well it was initially priced and marketed, etc. Aggrega [...]
Quote of the day: The bubble hasn't burst
From the Wall Street Journal:
“If anything, I expect housing to be weaker than normal rather than stronger over the next decade. People who say this [...]
Case-Shiller Tuesday: Breaking down local and national home values for November '09
It's the last Tuesday of the month, which means it's time to look at the latest numbers from the Standard & Poor's / Case-Shiller Home Price Indic [...]
Home sales up 33 percent year-over-year
The mixed bag of sales news coming out this morning includes a tumble in sales of existing sales nationwide and a big jump in local sales year-over-ye [...]
The home price bottom – are we there yet?
That's a pointless question, and trying to divine an answer to it is a complete waste of your time. You won't know when a housing market hit bottom [...]
Condo rental options down 11 percent since November
I think we'd anticipated a rise in condos for rent following the end of the holiday season. Instead, we're seeing more than 200 fewer units listed for [...]
Wong's advice: Find the "worry price"
Here's a nugget of pricing advice from @properties co-founder Thad Wong, via Bob Darrow's Your Windy City Guide blog:
The worry price is the price at [...]
Never mind, 2010 is the year of price cuts
Granted, we're still just 20 days into the new year, so maybe it's not wise to start declaring a theme for the year just yet. But here's a thought: Wh [...]
"Friends and family" deal pays off at Trump
One group of sellers at Trump International Hotel & Tower Chicago are doing OK. According to an article at Crain's ChicagoRealEstateDaily.com, partici [...]
Quote: FHA isn't the new subprime
“All we think about is credit risk, but comparing it to subprime just doesn’t make any sense. Let’s be rational."
- FHA Commissioner David Stevens, d [...]
The right time for serious buyers
After running through all the things in a buyer's favor in today's market -- low prices, low interest rates, and government incentives -- Genie Birc [...]