Posts Categorized: Market Insights

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Has The Chicago Housing Market Bottomed Out?

It seems like everyone in the Chicago area is trying to time the real estate market these days. Sellers are holding out for higher prices, convinced that the market is going to turn around any day now and they are going to make 50% on the home they bought 5 years ago. Buyers, on the… Read more

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Lakeview Housing Market Immune to Chicago Woes?

While the housing market is hurting in most parts of Chicago, Lakeview mysteriously remains somewhat immune. Not too long ago Crain’s ran an article which showed data calculated by Fiserv Lending Solutions which calculated the Case-Shiller index down to the zip code level for 76 different zip codes in the Chicago area where they had… Read more

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Update On Chicago Home Prices

About one month ago I posted a rather lengthy discussion of the truth about Chicago area housing prices. The Case-Shiller price index that I referenced in that article has just been updated through March so here is a quick update on what it shows for Chicago. First, let me show you the trend going back… Read more

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The Chicago Condo Glut

Anyone who has looked around Chicago during the last year has probably remarked to themselves that there sure are a lot of cranes in the air building ever more expensive condominiums. The Chicago Spire alone is adding 1194 units to the supply and constructing a building that tall can not be cheap. I for one… Read more

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The Truth About Chicago Area Housing Prices

Not many real estate brokers will tell you what I am about to tell you: Most of the data you’ve been fed about housing price changes is grossly misleading Housing is not the great investment that the NAR (National Association of Realtors) wants you to believe Let me give you some typical examples of the… Read more