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    8/21/14

    Chicago ranks highest in distressed property sales

    The following arrived via news release from CoreLogic: Distressed sales (REO and short sales) accounted for 11.4 percent of total home sales in June,...

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    2/27/14

    Chicago-area sales volume, prices up sharply year-over-year

    Chicago-area sales volume increased 21% year-over-year in January 2014 and the median sales price increased 17%, to $175,000 according to RealtyTrac‘s just-released January 2014...

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    7/23/13

    Sellers taking losses at Jefferson Tower

    The Fulton River District was still a new neighborhood, but it had become relatively established by the time that Jefferson Tower, 200 N Jefferson,...

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    5/30/13

    Foreclosures less of a market factor nationally, still high in Illinois

    RealtyTrac today released its Q1 2013 U.S. Foreclosure & Short Sales Report, which shows that a total of 190,121 U.S. properties in some stage...

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    5/1/13

    Are there deals to be had at Printers Row Lofts?

    Printers Row Lofts is an 8-story, 138-unit loft building at 732 S Financial Pl in the South Loop. The building, which is on the...

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    4/24/13

    CoreLogic – Rising home prices put upward pressure on rents

    Yesterday CoreLogic released its April MarketPulse Report (PDF, free registration required). The report includes a discussion of housing’s anticipated contribution to economic growth and...

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    4/22/13

    Distressed sales decline sharply in major cities, modestly in Chicago

    Last week the ever-informative Calculated Risk blog posted a table showing the share of the market accounted for by distressed properties, i.e. short sales...

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    2/28/13

    Foreclosures, short sales were 43 percent of 2012 US sales

    RealtyTrac today released its Year-End and Q4 2012 U.S. Foreclosure and Short Sales Report, which shows a total of 947,995 U.S. properties in some...

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    2/22/13

    Distressed properties dominate the market in Rogers Park

    Rogers Park developers periodically fall prey to a state of irrational exuberance. The peak of the most recent mania had already passed in May...

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    2/8/13

    Increased competition for distressed properties in downtown Chicago

    After hearing of a short sale that elicited 33 bids – 22 of them cash offers – within a week, I reached out to...

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    12/7/12

    Nearly 1 in every 4 Illinois sales foreclosure-related

    RealtyTrac released its Q3 2012 Foreclosure & Short Sales Report yesterday. In, Q3 24% of Illinois sales, or nearly in every 4, were foreclosure-related....

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    11/15/12

    Chicago October home sales volume up 50% year-over-year

    The following market update arrived via a news release from RE/MAX Northern Illinois: The seven-county metropolitan Chicago real estate market delivered a strong performance...

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    11/7/12

    Price collapse continues at colorful Catalpa Gardens

    The three blue and gold 11-story towers of Edgewater‘s Catalpa Gardens make a colorful statement up close and from a distance. The 126-unit complex’s...

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    10/26/12

    Metro Chicago third quarter sales volume highest since 2007

    The following market update arrived via a news release from RE/MAX Northern Illinois: The residential segment of the metropolitan Chicago real estate market extended...

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    8/31/12

    The exit line from a Rogers Park condo – Check, please

    Six and a half years ago we were reporting at length on a condo boom and a lagging retail scene in Rogers Park. Our...

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    8/27/12

    Is $14,500 the right price for a 3-bedroom in Terror Town?

    Unit 1S at 7708 S Essex Ave is a 3-bedroom, 2-bath duplex that’s listed as 3,300 square feet and described as “completely remodeled with...

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    6/2/12

    Home inventory drops sharply in some Chicago neighborhoods

    It could be just a case of a spring market up-tick, but a number of neighborhoods have seen the inventory of available homes drop...

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    4/17/12

    Is short sale fraud on the increase?

    This morning’s email brought the following from a local Realtor: Meet the latest in shady practices – the short sale come-on tease. These are...

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    4/4/12

    Distressed sales up sharply in Chicago over 4 years ago

    Four years ago in January, 3% of all closed sales in Chicago were lender-owned foreclosures and 1% were short sales. A short sale, as...

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    1/18/12

    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-Naperville metro area, CoreLogic reports...

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