The State of Illinois and the Chicago area are finally enjoying some good news in the housing market.
“For the first time since the recession began, the housing markets in Illinois and Chicagoland region almost presented positive indicators across the board.” said Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) of the [...]
Archive for the 'market stats' Category
Filed under market stats
Quarter One Stats for Chicagoland
Comments Off Laura on May 26th 2010
Filed under buyers, market stats, sellers
A Great First Quarter for Illinois!
Home sales were up 23.5% in the first quarter of 2010 compared to the first quarter of last year (IAR.org)! That is great news! I remember the first quarter of last year, and it was rough. This spring felt a lot better. Buyers were out and about; dual offers were not uncommon; and prices were [...]
Comments Off Laura on May 12th 2010
Filed under buyers, market stats
From Business Week, December 8
“If You Don’t Buy a House Now,
You’re Stupid or Broke“
It’s all about interest rates. If you do the math, you’ll see that Marc Roth makes a strong argument.
Comments Off Laura on Dec 11th 2009
Filed under buyers, market stats, palatine, sellers
Home Values in Palatine’s Reseda Neighborhood Remain Strong
One of my favorite areas of Palatine is Reseda. The streets are lined with oaks and maples, and the homeowners prune and polish their homes and yards. Many of the houses are all brick; others are brick and cedar mixes. Besides providing a nice place to live, this kind of subdivision tends to perform [...]
Comments Off Laura on Oct 22nd 2009
The Illinois Association of Realtors reported a large increase in local home sales for the second quarter of 2009 and for the state as a whole. See the full story here: Illinois Home Sales Surge 61.8 Percent in 2nd Quarter from 1st Quarter
The Chicagoland Primary Metropolitan Statistical Area (which consists of Chicago and surrounding suburban [...]
Comments Off Laura on Aug 25th 2009
Filed under market stats
The Problem with Real Estate Statistics
The problem with real estate statistics is that by the time you get the data, the news is old. The market has changed, and more importantly, the season it covers has passed.
The best reports tend to be quarterly because those reports show trends more than the monthly reports, which can over-emphasize blips or anomalies in [...]
Comments Off Laura on Jun 2nd 2009
