Posts Categorized: Market Insights

blank

Chicago Area Home Sales Skyrocket

It’s that time of the month when all sorts of real estate statistics come out. Today the Illinois Association Of Realtors reported that home sales for the Chicago area rose by more than 33% over last year. In order to get an idea of how huge this really is check out the red line on… Read more

blank

1400 S. Michigan Lowers Prices To Auction Levels

Earlier today I received an email from 1400 S. Michigan – Tower II promoting recent price reductions with the subject line “Auction Pricing without the Auction!” Basically they are claiming that they’ve lowered their asking prices to the auction levels. Well, if you can buy a unit at the same price as at auction then… Read more

blank

What The Stock Market Tells Us About Housing

They say that the stock and commodity markets provide some of the best forecasts available. I’ve heard that orange juice futures predict Florida weather better than the National Weather Service. So we should be able to look to these markets for some indication of what is going on with housing – e.g. home builder stocks… Read more

blank

1400 S. Michigan Ave. Condo Auction

Another South Loop condominium development is looking to clear their unsold inventory via an auction. On November 15, 2009 Michigan Avenue Tower II will auction off 41 units in one hour at the W Hotel, starting at 1:00 PM. Check out the link above for information on the building, floor plans, and some historic sales… Read more