The Illinois Association of Realtors is out with November’s home sales. As predicted, things slowed in the historically slow time of the year. The housing market just feels pretty “blah” right now- doesn’t it? From the IAR: The city of Chicago saw year-over-year home sales decline slightly in November 2017 with 1,923 sales, compared to […]
We’ve been chattering for over a year about the dozens of luxury apartment high rises that have been built in the Green Zone and the implications of all those units. But the boom isn’t over yet. Thousands more apartments are expected to come online in the next two years. Crain’s reports: But the once-hot market […]
The Illinois Association of Realtors is out with the October sales data. It was actually a ho-hum month, not hot but not cold. The city of Chicago saw year-over-year home sales hold steady in October 2017 with 2,047 sales, compared to 2,046 in October 2016. The median price of a home in the city of […]
The Illinois Association of Realtors is out with the September home sales. Sales have slipped from last year, which follows the trend that existed over the summer of weaker year-over-year sales. The city of Chicago saw a 3.7 percent year-over-year home sales decline in September 2017 with 2,309 sales, down from 2,398 in September 2016. The median […]
In the decade before the 2008 housing bust, thousands of “starter” condos were built in the GreenZone neighborhoods of Chicago. By “starter”, I mean they were condos ranging in prices from $150k to $400k and ranged in size from studios to 2-bedrooms. Since the bottom of the bust in 2012, nearly all the new construction […]
The Illinois Association of Realtors is out with the August sales data. Yes, sales slowed at the end of the summer. The city of Chicago saw a 4.5 percent year-over-year home sales decline in August 2017 with 2,716 sales, down from 2,844 in August 2016. The median price of a home in the city of Chicago […]
Since Amazon announced it wanted to open up a second headquarters in North America, it has become like the quest to host the Olympic Games among major city (and some not-so-major) mayors and governors as they rush to put together the best “bid.” Amazon has requirements, however (sorry Gary, Indiana, Tulsa and others hoping to bid), including: At […]
The Illinois Association of Realtors is out with the July sales numbers. It’s more of the same. Low inventory and high prices appear to depressing housing sales. The city of Chicago saw a 5.7 percent year-over-year home sales decline in July 2017 with 2,621 sales, down from 2,780 in July 2016. The median price of […]
The Illinois Association of Realtors is out with the June numbers. It was another strong month as last year, June was the strongest since 2006. The city of Chicago saw a 1.7 percent year-over-year home sales decline in June 2017 with 3,266 sales, down from 3,321 in June 2016. The median price of a home […]