Tag: Market conditions
Market snapshot: Median home prices in 14 Chicago ZIP codes
Starting with the same 14 ZIP codes we track in our rental listings spreadsheet, I pulled up the listings of all the studios, one-bedroom, two-bedroom [...]
Quotes of the day: Luxury homes underwater
“The reason the low end stopped falling is because the government stepped in with affordable loans. There is no political will to bail out a million-d [...]
From the rumor mill: How slow was 2009?
Here's an appropriately chilling stat for you on this cold December afternoon. A little bird tells us that at one of the city's brokerages, a whopping [...]
Quote of the day: Debunking displacement
Because no one has brought up the "G-word" lately:
Back in 2003, Lance Freeman, an associate professor of urban planning at Columbia, wanted to find [...]
Reviewing 2009 and preparing for 2010
Few people in the real estate business will be sad to see 2009 come to a close, but that doesn't mean the year has been a bust for everyone. Armando [...]
Quote of the day: renting as a "stealth stimulus"
People's increasing willingness to abandon their own piece of America illustrates a paradoxical change wrought by the housing bust: Even as it tarnish [...]
The most important thing: views from the corporate relocation industry
Most of our properties have been selling if they're priced right. 2008 was probably a worse year, actually -- it took homes longer to sell then than i [...]
Quote of the day: Who's buying?
Your Guide’s recent sales have been split equally between health care professionals and technology providers. Health care seems to be one industry tha [...]
The Northbrook market: "Back to 2003"
Any appreciation a homeowner in Northbrook hoped to see over the past six or seven years "has totally been wiped out," leaving the prices of $2 mill [...]
Query quintet: Five questions with @properties agent Courtney Larisey
I met @properties agent Courtney Larisey last month during a tour of brokers open houses in Wicker Park. Courtney, who was marketing a short-sale in a [...]
Quote of the day: the crash is still crashing
"The housing crash is not over... This lull in foreclosures sales has resulted in the price gains in the past few months. Foreclosure sales will incre [...]
Parsing two brokerages' "top spot" claims
Our friend Bob Darrow has noticed ads from both Coldwell Banker Residential Brokerage and @properties declaring their superiority in the Chicago mar [...]
FHA fast facts: South Loop approvals
One of the questions Realtors hear most frequently is, "Is this property FHA approved?" Yesterday I punched three ZIP codes into HUD's FHA search and [...]
Quote of the day: the Spire is top priority
"When I was sitting in Copenhagen and things went south, this moved to the No. 1 slot. We're way past the look-see stage. We're in the commitment stag [...]
Quote of the day: apartment absorption uncertainties
From Appraisal Research Counselors ("ARC") 3rd Quarter 2009 Downtown Chicago Residential Benchmark Report, commenting on prospects for downtown apartm [...]
A bomb in Bucktown
Does anyone know the current status of this boarded-up bust-out at Damen and Webster, in Bucktown? [...]
Boomerang renters and vacant apartments
When the economy is distressed, as it currently is, young adults often retreat to their parents' homes – leaving empty apartments behind them. They're [...]
Case-Shiller ups and downs in Chicago
The Case-Shiller Condominium Values index is available for September, and it reflects both falling (year-over-year, 10%) and rising (quarter-over-quar [...]
Headline highlights: Home sales, Block 37, and a builder group bankruptcy
If you don't subscribe to our Chicago Real Estate News feed, you may have missed these stories from the past few days:
Home sales in Chicago were up [...]
Are Chicago prices headed lower?
Going into 2010, where are Chicago home prices going, and in which neighborhoods are buyers expecting to score great deals? Last week, Matt Garrison [...]