Tag: Market conditions
Quote of the day: Inventory concerns "overdone"
“Although we forecast that as many as 7 million foreclosures are likely to occur over the next several years, we believe the pace at which these homes [...]
What new buyers need to know
What advice would Chicago Association of Realtors President Genie Birch give a buyer who's entering the market for the first time? For one, buyers n [...]
Being a Realtor in 2010: Challenges, motivations, and advice
In this segment from our recent interview, Chicago Association of Realtors President Genie Birch talks about the challenges of being a Realtor in 20 [...]
Quote of the day: Stagnant, not stable
"In the condominium market, the high-end cash buyer is finding highly discounted units (bargains) and the dollar volume of those sales is distorting t [...]
Financing frustrations continue in 2010
For much of 2009, Chicago Association of Realtors President David Hanna publicly criticized federal lending guidelines that hampered buyers' efforts [...]
This week in condo rentals: Going down!
Either a lot of renters found new digs for the new year, or a lot of owners decided against renting out their condos this week. The number of condos l [...]
Another quote: Walking away is OK
Think of private-equity firms that close a factory — essentially deciding that the company is worth more dead than alive. Or the New York Yankees and [...]
Promising signs for the market in 2010
Yesterday I sat down with Koenig & Strey agent and Chicago Association of Realtors President Genie Birch to talk about the ups and downs of 2009 and [...]
Quote: The future of vacancies and rents
"If we wanted to be hopeful about the situation, we might see a recovery by the middle of this year. If we don't see any movement like that by the mid [...]
Quote: Taking the wind out of the sales
"Gulp."
- Jennifer Lee, senior economist with BMO Capital Markets, reacting to a 16-percent drop in pending home sales from October to November. Econ [...]
Investors' evolving objectives in Bucktown
Buyers of multi-unit buildings in Bucktown have "dropped out of the game" as developers and have "put on their investment hats," says Koenig & Strey [...]
2010: the year of the renter?
More than 2,200 new apartments are going to hit the downtown market in 2010, right at a time when occupancy is down, rental rates are down, and condo [...]
Instant reax: What happens after "flat"?
It’s up and down, a rollercoaster. We’ve seen a big decline since 2006. Then we saw a recovery starting in April, and now it’s flattened out, and it’s [...]
Quote of the day: South Side speculation
"I think there's probably going to be a lot of speculation going on in some of these lower income neighborhoods where the property values declined to [...]
Case-Shiller Tuesday: Chicago home values up quarter-on-quarter, down month-to-month
It's the last Tuesday of December, which means it's time to check in with S&P's Case-Shiller Indices to see how home values fared in October.
Chi [...]
The 2010 market: sunny or stagnant?
If the average rate of a 30-year fixed-rate mortgage rises to 6 percent by the end of 2010, how will the market react? The National Assoc [...]
List vs. sale: charting trends in three Chicago neighborhoods
Redfin can crunch a lot of data for users based on ZIP code or neighborhood. This morning I looked up the site's pages for three areas -- 60611 (Stree [...]
Where have all the Illini gone?
The US Census Bureau estimates (Excel file) that 632,866 more Illinois domestic residents left for other states than migrated here from other states b [...]
Was $335,000, now asking $19,900 in East Garfield Park
Back in February of 2007 I characterized East Garfield Park as "flat on its back and barely twitching." A month later Business Week singled out East G [...]
Roseland stocking stuffer under $5 a square foot
If your purchase of a 3 bedroom, bath-and-a-half home at 32 West 104th St in Chicago's Roseland neighborhood qualifies for the $8,000 tax credit you'l [...]