Posts Categorized: News

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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

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Most Realtors Starving In This Real Estate Market

As I pointed out in a recent post, 1,000 realtors left the real estate business in Chicago last year. I can attest to how poorly most real estate agents are doing in this market because I periodically look up the sales statistics for agents that I know and most of the time their numbers are… Read more

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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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2009 Took Its Toll On The Real Estate Industry

I guess it’s no surprise that 2009 was a tough year for the real estate industry but I’ve just run across some information that gives us a pretty good idea of just how bad it was. After losing 4,000 agents in 2008, the Chicago area lost another 1,000 agents in 2009. That’s a 7.6% decline… 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