It used to be a given that an older apartment building would eventually “go condo.” But 10 years after the housing bust, the pace of “deconversions” has picked up with several of the largest deconversions in Chicago history moving forward. River City, the Bertrand Goldberg building on the Chicago River in the South Loop at […]
With the US economy still chugging along 10-years after the last recession, and Chicago’s downtown job machine still adding high paying jobs from the likes of Salesforce and Google, developers have been adding luxury condo units by the dozens. The most high profile luxury condo project is The Vista at 363 E. Wacker Drive in […]
The Illinois Association of Realtors is out with November home sales. As we’ve discussed on Crib Chatter the last few months, sales have slowed from 2017’s strong pace. The city of Chicago saw year-over-year home sales decrease 8.5 percent with 1,793 sales in November, compared to 1,959 a year ago. The median price of a […]
The Illinois Association of Realtors was out with the October home sales data just before the Thanksgiving holiday. After a sharp downturn in September, the decline was more seasonal in October. The city of Chicago saw year-over-year home sales decrease 2.5 percent with 2,056 sales in October, compared to 2,109 a year ago. The median […]
The Illinois Association of Realtors is out with the September sales which we already knew weren’t that great. The IAR blamed it on tight inventory and rising mortgage rates. The city of Chicago saw year-over-year home sales decrease 16.6 percent with 1,963 sales in September, compared to 2,355 a year ago. The median price of […]
We chattered about this 3-bedroom fee simple townhouse with indoor/outdoor living at 820 W. Wolfram in Lakeview several times over the last 4 years. It came on the market completely renovated in 2014. The 2014 chatter is here. Then, it returned to the market in April 2018 asking more than the 2014 sales price. We […]
We’ve been chattering about the possibility of 5% average mortgage rates for years here on Crib Chatter. Every time the rates have gotten close, they have retreated…until now. For the first time since 2011, 30-year average mortgage rates have hit 5%. Just a reminder, but in August, the average 30-year fixed mortgage rate was 4.55% […]
We’ve done a lot of chatter in the last few years about the sheer number of luxury apartments being built not only downtown but in the hot neighborhoods like Logan Square. But according to recent data, the apartments are actually being absorbed even though they’re building record numbers. That is in contrast to cities on […]