Posts Categorized: Market Insights

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Existing Home Sales Plunge 7.2% – NOT!

There are a bunch of headlines around today that broadcast a 7.2% plunge in January home sales for the nation. I’m not even going to bother to try to figure out how they came up with this number – is it from December to January? Is it seasonally adjusted? – because it sends the wrong… Read more

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The Folly Of Timing The Housing Market

It’s hard enough to time investments. Finance theory says it’s impossible and there is plenty of evidence to prove that it can’t be done. So it should come as no surprise that timing a home purchase would be even more difficult. As I’ve said before, I don’t think people should think of a home as… Read more

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Will Rising Interest Rates Kill The Real Estate Market?

Understanding the relationship between interest rates and home prices is particularly important now because most people believe that interest rates are heading up in the not-to-distant future. One might quite logically expect that when mortgage rates rise it depresses home prices. After all, most people determine the affordability of a home by looking at the… Read more

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University Commons Plagued With Foreclosures And Short Sales

Chicago’s University Commons development in University Village has a lot to offer – great spaces, and fantastic amenities. However, the development has been plagued with a host of distressed sales – short sales and foreclosures – in the last year. I was actually shocked to discover that, of the 21 2 bedroom/ 2 bath units… Read more

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The Good And Bad Of Recent FHA Changes

FHA has been a popular financing option for condos because of the tightening mortgage guidelines on conventional condo financing and because of the FHA’s low down payment requirement. Currently representing 30 – 40% of the mortgages, any changes to this program can have a huge impact on the housing market. And one such big change… Read more