Posts Categorized: Market Insights

blank

Home Sales Increase 76 Percent in West, South Suburbs

  According to information released yesterday the Mainstreet Organization of REALTORS® (MORe), sales of single-family detached homes went up 76 percent in November compared with the same period a year ago.  This is the sixth consecutive monthly increase.    MORe measured activity on homes in about 120 southern and western suburban communities through information from Midwest… Read more

blank

More Sellers Becoming Landlords

In Chicago renting is often a very good alternative to buying. In the short run it will often be cheaper – aside from all the softer benefits of buying a home. However, if renting is such a good deal then the flip side must also be true: renting is not such a good deal for… Read more

blank

Chicago Area Home Prices Up 5 Months In A Row

The Case Shiller Home Price Index came out today for the Chicago area and it shows that for the 5th month in a row home prices have risen. We are now up 8% from the trough in April. As you can see in the graph below we undershot the trendline and now appear to be… Read more

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