Posts Categorized: Market Insights

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The Case For Further Home Price Drops

Crain’s came out with a story today about how the Chicago housing market won’t recover until 2013. This comes at a time when many statistics have been released and there has been a lot of debate regarding the interpretation of those statistics. Since I have recently been providing the bullish perspective on the housing market… Read more

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Chicago Case Shiller Index For Condominiums vs. Houses

Earlier this week I received a lot of flack on Cribchatter for focusing exclusively on the Chicago Case Shiller index for Single Family Homes when Chicago’s housing stock is largely condos. Case Shiller provides a separate index for condominiums, though it only goes back to January 1995, while the Single Family home index goes back… Read more

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Chicago Home Prices Continue Downward Trend

This is the time of month when various housing statistics come out. This morning the Case Shiller index just came out for November, 2009 and indicates that home prices in Chicago have resumed their decline – at least for the time being. The index dropped 1.1% from October. Chicago home prices are currently at the… Read more

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Chicago Area Home Sales Up 33% In December

After an incredibly strong November, Chicago area home sales were up 33% in December over 2008. That represents the 6th month in a row of year over year home sales increases in the Chicago area. The fact that this is happening after 3 years of year over year declines is nothing short of miraculous. Of… Read more

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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