Last week, I updated a chart showing the three tiers of Chicago homes and how they have fallen since the recession. The result was that the lowest-priced homes increased more in value, and then fell more in value, than the other two tiers. The New York Times did a similar analysis (“Value Sinking Fastest for Homes Priced [...]
FHA-backed loans, once a small part of the mortgage market, now represent almost a quarter of all new housing loans in the U.S., according to new Census data. (See here, and then click on “Quarterly Sales by Price and Financing.) Some of this difference is due to the lower volume of total loans. But the [...]
More from the 3Q2010 data: For the city as a whole, the median selling price of a condominium (-7.1%) and single family detached home (-8.3%) are both below their respective figures for the third quarter of 2009. However, for individual neighborhoods, the two may be moving in different directions. Among the 20 neighborhoods we track, [...]
The first look at third quarter home sales in Chicago shows no major citywide changes in sales volume or selling prices:
* Sales of single family detached homes are essentially flat; 9,061 homes sold in the third quarter, compared to 9,076 in the second quarter.
* Sales of condominiums and townhomes rose slightly, from 5,965 in 2Q to 6,125 in 3Q, a gain of 2.7%.
5/16/2010: We updated each neighborhood page with charts that go from 1Q 2007 through 1Q 2010.
5/14/2010: We added the employment page, showing the number of residents employed and the unemployment rate for Illinois and the Chicago MSA. The page also compares Illinois, Chicago MSA, and national unemployment rates.
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