It’s been several years of low inventory in Chicago across all spectrums of properties including single family homes, townhouses and condos. The result has been bidding wars and rising home prices along with really low market times. In the last few months of 2015, however, inventory slowly crept up and bidding wars have receded. From […]
Crib Chatter doesn’t cover much of what is going on in the rental market, but you’d have to be dead not to notice apartment rental tower after apartment rental tower going up all over the GreenZone. In 2015, developers were on track to deliver a record 3100 new apartments downtown. But they aren’t stopping there. […]
Developers are finally building mid-rise and high-rise condo buildings in Chicago again but nearly all of the new builds have been in the luxury price points. No.9 Walton in the Gold Coast is a good example of the type of new construction that dominated 2015. It will have just 66 units with the average size at […]
The Illinois Association of Realtors is out with the November sales data. While the country, the state of Illinois, and the 9-county metro area all saw sales take a steep dive in November, the City of Chicago held up well. The city of Chicago saw sales of 1,615 homes in November 2015, down 1.4 percent […]
This 2-bedroom townhouse in the Embassy Club at 1434 W. Wrightwood in West Lincoln Park just came on the market. It is bank owned. The listing says it is 1500 square feet. The kitchen has white appliances and what looks to be intact cabinets. The bathrooms also appear to be intact. It’s being sold “as-is”. […]
This corner 2-bedroom at 111 E. Chestnut in the heart of the Gold Coast and the Mag Mile shopping district has been on and off the market throughout 2015. It is now bank owned. From the pictures, the unit appears to be intact. Located on the 12th floor, it has the preferred northeast side exposure […]
I’ve been running this blog for 8 years and in that time there has only been one Federal Reserve policy: cutting rates and keeping them near zero. For the first time in 9 years, the Federal Reserve has raised the Fed Fund rate. Yes, it was just a quarter point to 0.50%. But most analysts believe […]
This 2-bedroom farmhouse at 2734 N. Marshfield in Lincoln Park just came on the market. If it looks familiar, that’s because we chattered about it twice in 2014. You can read our March 2014 chatter here. If you recall, the farmhouse was built in 1870 but has been transformed into a contemporary loft-like space inside […]
This 2-bedroom loft in the Clybourn Lofts at 1872 N. Clybourn in Lincoln Park came on the market in December 2015. At 1800 square feet, it has authentic loft features including exposed brick, timber ceilings and large, industrial Northeast facing windows. The master bedroom is enclosed but the second bedroom is lofted and open to […]