Posts Categorized: Market Insights

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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

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And The Stock Market Says…

…Happy Days Are Here Again. Well, that might be a bit of an overstatement but not by much. In reaction to the Fannie and Freddie takeovers bank stocks were up today and so were homebuilders. In fact, Toll Brothers (luxury homebuilder) was up 9.4%, reaching its highest level in more than a year. The reason… Read more

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Government Props Up Housing Market

The US Treasury just announced a plan to place Fannie Mae and Freddie Mac into conservatorship – whatever that means. As explained in the Wall Street Journal the plan “provides as much as $200 billion of new capital plus new credit lines for the country’s main suppliers of funds for home loans … and puts… Read more

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Real Estate Really Is Local

The Realtor associations have been harping on the message that real estate is local. This is their way to diffuse all the panic about home prices dropping by getting people to ignore the national pricing data. Of course, people will ultimately look at their local data and for most of the nation the answer won’t… Read more