by Jeff Kropp | Oct 18, 2019 | Chicagoland Real Estate Information
One Word Sums The Chicago Real Estate Market in September 2019…Chaos Our analysis reveals completely different results in a variety of Chicago neighborhoods, even those right next to each other. In Lakeview, the number of sales and median prices are down in...
by Jeff Kropp | Aug 19, 2019 | Chicagoland Real Estate Information
The downward trends that started earlier this year continue as expected. Broadly, inventory is up 10% compared to this time last year, and in the case of condos its averaging a 25% increase in popular northside neighborhoods like Lincoln Park. At the same times the...
by Jeff Kropp | Jul 21, 2019 | Chicagoland Real Estate Information
As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid...
by Jeff Kropp | May 17, 2019 | Chicagoland Real Estate Information
Drill Down Into Market Stats In Your Neighborhood! Today we are going to learn an important lesson that every seasoned realtor knows. The real estate market varies widely from neighborhood to neighborhood, and even block-to-block. As a buyer, it’s important to...
by Jeff Kropp | Feb 21, 2019 | Chicagoland Real Estate Information
Good News for Buyers as the Market Corrects The real estate market data for all 77 Chicago neighborhoods shows the continued slowing of the market as predicted. The data varies from neighborhood to neighborhood, and even block to block, but in general we are seeing a...
by Jeff Kropp | Jan 16, 2019 | Chicagoland Real Estate Information
The Good: Evidence is mounting that inventory will finally improve in 2019, and we have already seen that in a few areas (especially condos). This may apply some downward pressure on prices for beleaguered home buyers. Perhaps a buyer’s market is ahead or at least a...
