Posts Tagged: Chicago condos

blank

Continuing Signs Of Improvement In Chicago Real Estate Market

Market conditions for 2 and 3 bedroom condos in the city of Chicago continue to show improvement through February. Once again inventory (months of supply) of these condos is lower on a year over year basis. This continues a trend that began in June, 2009, with February at about half of 2009’s level. In addition,… Read more

blank

Chicago Condo Inventory And Market Times Continue To Improve

We recently updated our Chicago condo (2 and 3 bedroom units) market data through December 2009. Consistent with all the other positive indicators for the Chicago real estate market, we are once again seeing lower inventory numbers and market times. Months of condo inventory in December was less than half of what it was in… Read more

blank

New FHA Condo Approval Rules Delayed Yet Again

First it was going to be October 1, then November 2. That’s when new FHA condo approval rules were going to be implemented. Now it’s December 7. I know it’s shocking but the government just can’t seem to get their act together – in this one rare instance. One of the more significant items we’ve… Read more

blank

Want to Buy a Condo? Read this First, More Fannie Increases!

Are you thinking of buying a condo in a newly constructed building? ¬†Plan to get an FHA loan for the purchase?¬† If so, you should beware that Fannie Mae has tightened credit for buyers of condominiums. You may recall from earlier posts that Fannie Mae is one of the largest players in the secondary mortgage… Read more

blank

Chicago Condo Inventory Worse Than It Looks

Just completed our bi-monthly (Strange word. Could mean twice a month or every two months. We use the latter definition.) assessment of the 2 – 3 bedroom condo market in Chicago and some of our key neighborhoods and the data masks what’s really going on. As the graph below shows the fall and winter were… Read more