Once again, our area is poking along with modest appreciation. The median home sale price for the Chicago Metropolitan area for December of 2007 compared to December of 2006 was up 1.1%.* This appreciation is not great, but it is to be expected in a market correction. In the context of the national [...]
Archive for January, 2008
Comments Off Laura on Jan 27th 2008
If you examine the sales statistics for the Northwest Suburbs over the past year, a constant that emerges is that the number of total transactions was down. That should have meant that inventory was higher and prices were weak. In Palatine and Barrington, sales were down about 30% and 15% respectively in the third quarter [...]
Comments Off Laura on Jan 18th 2008
Eek! Did you see the headline of the Chicago Tribune’s Sunday paper, “Trapped in Troubled Real Estate Market” (1/13/07)? The accompanying picture of a glum-faced homeowner staring blankly out the window poignantly illustrated the Trib’s message of doom. It would seem that the market is in dire, dire straits.
The headline, the article, [...]
Comments Off Laura on Jan 13th 2008
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Local Markets, Local Weather
Welcome to “Laura’s Local”! Please feel free to post a comment or ask a question!
One of my current themes is the disconnect between local market conditions and national headlines. Sales have definitely slowed down in the NW suburbs, but we have not experienced the market fall-out described by the national media. As economists [...]
Comments Off Laura on Jan 13th 2008
