Posts Tagged: Chicago home prices

blank

Home Prices To Fall Another 11%?

I don’t think so – at least not in Chicago. CNN Money came out with a story today about a Fiserv forecast that home prices will fall another 11.3% nationally by June 2010. Fiserv is a financial information and analysis firm that tracks the housing market among other things. Having personally declared a bottom to… Read more

blank

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

blank

Chicago Area Real Estate Statistics Show Further Deterioration

Over the last week a number of Chicago area real estate statistics came in that reinforce the fact that the market here continues to deteriorate like other parts of the country. Here is a brief summary: 4th quarter sales for the city of Chicago declined by 29% from 2007, dropping to 1994/1995 levels. The drop… Read more

blank

What’s Really Going On With Prices In “Prime” Neighborhoods?

It’s not easy figuring out what is going on with home prices in Chicago’s individual neighborhoods. The Case-Shiller data, which I believe provides the best insights into home price trends, is not typically available at the neighborhood level and, as I have often pointed out, I think median price data is worthless. Therefore, on an… Read more

blank

Bad Chicago Real Estate Data From Tribune And Zip Realty

A report published by the Chicago Tribune on Sunday based upon data provide by Zip Realty is totally bogus. In the report titled Near South Side homes selling, on average, for more than list price the Tribune states that “sales in the Near South Side have averaged 106.4 percent of their asking prices, amounting to… Read more