Posts Categorized: Market Insights

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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

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Chicago REO Properties on the Rise

Recently, the Chicago Tribune posted an article about REO properties and the fact that from 2005 to 2008, the Chicago housing market hs seen a 575% increase in REO homes.  First, what is an REO? An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. … Read more

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Chicago Housing Market Continues To Deteriorate

As you know, I don’t sugar coat the real estate news so here it is. The housing market in Chicago is still on the decline. We’ve had a couple of different statistics released in the last 2 days that show that both home prices and sales volumes are continuing to decline. The Case Shiller index… Read more