Posts Categorized: Market Insights

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Chicago Home Prices Continue Downward Trend

This is the time of month when various housing statistics come out. This morning the Case Shiller index just came out for November, 2009 and indicates that home prices in Chicago have resumed their decline – at least for the time being. The index dropped 1.1% from October. Chicago home prices are currently at the… Read more

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Chicago Area Home Sales Up 33% In December

After an incredibly strong November, Chicago area home sales were up 33% in December over 2008. That represents the 6th month in a row of year over year home sales increases in the Chicago area. The fact that this is happening after 3 years of year over year declines is nothing short of miraculous. Of… Read more

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Chicago Condo Inventory And Market Times Continue To Improve

We recently updated our Chicago condo (2 and 3 bedroom units) market data through December 2009. Consistent with all the other positive indicators for the Chicago real estate market, we are once again seeing lower inventory numbers and market times. Months of condo inventory in December was less than half of what it was in… Read more

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Lincoln Park Home Prices Not Immune To Downturn

There was a heated debate on Cribchatter the other day about home price declines in Lincoln Park. Everyone’s favorite Lincoln Park bull, going by the fake name of Steve Heitman, claimed that not only has Lincoln Park real estate held it’s value but that people were still making lots of money on their homes there…. Read more

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Surprising Chicago Home Buying Activity In December

With the original home buyer tax credit scheduled to expire at the end of November I fully expected December to really be a slow month in Chicago. My assumption was that a significant amount of housing demand had been pulled forward, not leaving much for subsequent months. However, when I recently checked new real estate… Read more