Thanks to the tipster who sent me the listing information on Linda Rizzuto’s house. She is the woman in the Chicago Tribune article who said: Linda Rizzuto, for one, said she isn’t inclined to come down from the $444,900 she’s asking for the Northwest Side home where she has lived 17 years, though not one […]
The Chicago Tribune has more details on the 34% drop in sales in January in the 9-county Chicagoland area. It was the worst plunge since January 1998. Here’s some info on prices per county: The Illinois Realtors report said that in the Chicago area prices fell the most in McHenry County, where the median was down […]
The Illinois Association of Realtors released the January sales figures for the Chicagoland area (which includes nine counties). From Crain’s: In the nine-county Chicago Primary Metropolitan Statistical Area, home and condominium sales in January totaled 3,926, compared with 5,947 in January 2007, the association said Monday in a news release. The median home sale price […]
Some more good news for renters. Crain’s is reporting that downtown apartment rents fell 4.3% in the fourth quarter, the largest quarterly decline since 2001. According to the Appraisal Research Counselors, vacancies also dropped to 91.3% from 94.6% in the third quarter. The Appraisal Research Counselors admit that the excess condo supply will be competing for renters with […]
This post isn’t about Chicago real estate but I just had to chatter about it. It seems to be a hoax (as someone told me he looked up the address and said it doesn’t exist) but the writer certainly has a sense of humor out in the DC area. From Craigslist DC: Overpriced Condo with Great Views Reply […]
The Chicago Tribune addresses what we’ve been chattering about for several months: it’s a buyer’s market for condos downtown. In “Rising Expectations,” buyers and developers discuss the incentives that are being offered to move product as the market has slowed. They interview a 20-something looking for a “deal.” With sales down sharply in 2007 but […]
I don’t know how many of you saw this blurb in David Roeder’s column in the Sun-Times yesterday: For months, people living near the southwest corner of Clark and Chestnut wondered about the hole in the ground. The owner, Lubavitch Chabad, planned a Center for Jewish Life on the site, but couldn’t raise the money. […]
November seems like ages ago. We all want to know what is happening now. But this is the most recent data I’ve seen reported on the Chicago housing market. It’s better than no data at all. From the Chicago Tribune: Times have changed. The inventory of homes on the market in the Chicago area swelled […]
The Chicago Tribune reported on the Chicago housing market today. The news regarding the downtown condo market isn’t all that positive. The Chicago metropolitan region “isn’t as bad as Florida and California, ground zero in the housing recession, but we have the same problems,” said economist Diane Swonk of Mesirow Financial. The ills ailing the […]