Posts Categorized: Market Insights

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Standard Measures Don’t Tell The Real Story

There are a few statistical measures that realtors use to monitor the condition of real estate markets. Two of these measures are months supply of home inventory (how many months it would take to sell off the current inventory at the current sales rate) and market time (how many days homes have been on the… Read more

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Buying And Selling Houses On The Stock Exchange

As of last Tuesday there is a way to trade houses just like you would stocks – sort of. A company called MacroMarkets has created two instruments that allow people to take positions that bet on the price of houses going up or down in 10 markets that comprise the Case Shiller 10 City Composite… Read more

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The Economy And The Housing Market

Although we currently have an administration in Washington that is determined to micro-manage the economy the data is already proving that it’s just not possible.  Markets are stronger than governments and going against the market is like building cities below sea level in the path of hurricanes. The water always gets in. (In fact, the… Read more

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Chicago Real Estate Market Still Dragging

This week several statististics on the state of the Chicago real estate market came out and all of them paint the same picture: the real estate market is still weak. First there was the Case Shiller index which indicated that home prices in the Chicago area fell once again in March. They are down 18.6%… Read more

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Chicago Employment Approaching Decade Lows

Just updated the employment picture for the greater Chicago area and it’s not pretty. Essentially all the growth of the last decade has been wiped out and the unemployment rate is the highest it has been over that decade. Of course, the housing stock was built (and continues to be built) for employment levels we… Read more