Today at 9:34 a.m.
Filed under:
Housing,
Mortgages,
Real estate,
Updated
By Mary Ellen Podmolik
"For sale" signs line a Chicago street. (Nancy Stone, Chicago Tribune)
The median price of a condominium sold in Chicago last month beat its year-ago comparison for the first time in two and a half years, new data shows.
The median price of a condo within the city rose to $275,000, up 2.8 percent from $267,500 a year ago, according to a monthly sales report released Wednesday by the Illinois Association of Realtors. The last time Chicago condo prices recorded a year-over-year gain was in October 2008, when the median sales price of $315,000 was a 3.3 percent gain from October 2007. Get the full story »
Feb. 23 at 11:05 a.m.
Filed under:
Housing,
Real estate,
Updated
By Mary Ellen Podmolik
Sales of existing homes in the Chicago area fell last month, and plunged dramatically within the city of Chicago, but consumers who did close transactions were able to buy a lot of house for their money.
The Illinois Association of Realtors said Wednesday that 3,844 single-family homes and condominiums were sold in January, a 2 percent drop from January 2010. Sales activity within the collar counties mitigated the anemic performance within the city of Chicago, and especially in the condo market. Get the full story »
Dec. 22, 2010 at 8:48 a.m.
Filed under:
Economy,
Housing,
Mortgages,
Real estate
By Mary Ellen Podmolik
Sales of existing homes in the Chicago area plunged more than 30 percent in November, hurt by difficult comparisons as buyers last year sought to capitalize on federal homebuyer tax cut programs. Get the full story »
Nov. 22, 2010 at 11:05 a.m.
Filed under:
Real estate
By Mary Ellen Podmolik
Three reports issued Monday paint a grim picture of the foreclosure crisis in the Chicago area, particularly compared to the nation as a whole.
TransUnion reported that mortgage loan delinquencies in the Chicago area fell only slightly in the third quarter, to 7.79 percent of mortgage loans that are at least 60 days delinquent. That compared with 7.98 percent in second quarter, and 6.95 percent in 2010’s third quarter. Get the full story »
Nov. 10, 2010 at 10:04 a.m.
Filed under:
Housing,
Mortgages,
Real estate
By Mary Ellen Podmolik
The good news is that more than half of Illinois counties saw gains in median home sale prices during the third quarter. The bad news is that most of the Chicago area played no part in that good news.
In Cook County, the median selling price fell 14.3 percent during the three months that ended in September, a combination of a 16.3 percent price decline in condos and a 7.9 percent drop in single-family home prices, according to data released Wednesday by the Illinois Association of Realtors. Other counties that experienced price declines were Kane, where the median price fell 13.3 percent; Kendall, down 8.3 percent; and McHenry, down 3.7 percent. Get the full story »
Oct. 25, 2010 at 8:28 a.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Sales of existing homes in the Chicago area dropped again in September, falling more than 20 percent in the Chicago area from a year ago and more than 25 percent within the city of Chicago, the Illinois Association of Realtors said Monday. Get the full story »
Aug. 24, 2010 at 8:20 a.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Sales of existing homes in the Chicago area nosedived 25.1 percent in July, partly due to the end of a government tax credit program that had propped up the housing market for more than a year.
The anemic results caused 12 months of consecutive year-over-year sales volume gains for the local market to come to a screeching halt last month, according to data released Tuesday by the Illinois Association of Realtors. It was the worst July performance for the local real estate market since at least 2000 when the trade group began tracking home sales.
Many real estate agents, while pleased with the local market’s still-positive first-half performance, are beginning to think their year is peaked, despite mortgage interest rates that are consistently falling to new weekly record lows. Get the full story »
June 22, 2010 at 9:13 a.m.
Filed under:
Housing,
Real estate
By Tribune staff report
The market for existing homes in the Chicago area racked up an eleventh consecutive month of improvement in May, with year-over-year home sales rising 33.6 percent to 7,580 single-family homes and condominiums sold during the month.
Meanwhile, home sales within the city of Chicago rose 32.1 percent to 2,057 sales in what was a ninth consecutive month of better sales, the Illinois Association of Realtors reported Tuesday. Get the full story »
