Posts Categorized: Market Insights

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Chicago Condo Market Glut Reaches Biblical Proportions

I knew it was bad and getting worse but as we updated our Chicago neighborhood housing market statistics I started to see deterioration on a scale I had not seen before. It used to be that the evidence of a slowdown was limited to the fringe areas of the city. Sacred neighborhoods like Lincoln Park… Read more

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Bad Chicago Real Estate Data From Tribune And Zip Realty

A report published by the Chicago Tribune on Sunday based upon data provide by Zip Realty is totally bogus. In the report titled Near South Side homes selling, on average, for more than list price the Tribune states that “sales in the Near South Side have averaged 106.4 percent of their asking prices, amounting to… Read more

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Chicago Olympics And Home Values

I run into a fair amount of discussion about how the olympics being held in Chicago in 2016 would be such a boon to real estate values on the south side. Interestingly, everyone believes that hosting the olympics would benefit home values but I haven’t really heard any discussion of exactly how this works. Presumably,… Read more

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Stabilized Home Prices The Last Thing We Need

I think Mick Jagger might actually know a bit more about the housing market than our politicians. In case you can’t already see where this is going let me spell it out for you: “You can’t always get what you want but if you try sometimes you just might find you get what you need.”… Read more

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Many Chicago Communities Still Avoiding Real Estate Bloodbath

As you may have already figured out I don’t exactly adhere to NAR’s, IAR’s, and CAR’s policy of talking up the real estate market in order to drum up business for Realtors. However, as I expand our Web site’s Chicago community housing market profiles I’m not finding a lot of evidence of the end of… Read more