Some gloomy numbers loomed over the real estate market this week when national home sales and prices dropped, while mortgage rates creeped up.
“Demand to buy homes is really weak,” said Patrick Newport, economist at IHS Global Insight.
Housing
Written By: Eleanor Goldberg on February 18, 2010
No Comment
The RevPAR rate for Starwood Hotels & Resorts Worldwide Inc.’s North America properties, which boasts such swanky spots as the W and St. Regis, dropped 20.5 percent in the year ended Dec. 31.
Written By: Eleanor Goldberg on February 11, 2010
No Comment
The national average for a 30-year fixed-rate mortgage got comfortable at 5.15 percent, not budging one bit in the week ended Feb. 10 from the previous week, Bankrate.com reported Thursday.
Written By: Eleanor Goldberg on January 30, 2010
No Comment
Four of the city’s real estate all-stars—an appraiser, investor, academic and analyst—spent a little over two hours bemoaning the industry’s bleak 2010 fate at Thursday’s Chicago Association of Realtors Forecast. Then, they boiled their complicated, chart-heavy predictions into a bookmark-sized Letterman-esque top 10 list.
Written By: Jacquelyn Ryan on January 28, 2010
No Comment
Existing homes, like this one in Lakeview, had a boost in sales last year for the first time since 2005. Jacquelyn Ryan/MEDILL
BY JACQUELYN RYAN – MEDILL NEWS SERVICE
New homes sales fell 7.6 percent in December from the previous month, helping to make 2009 the worst year on record for sales [...]
Written By: meganmollmann on August 26, 2009
No Comment
Megan Mollmann/MEDILL
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
New, single-family home sales beat analyst expectations and surged 9.6 percent in July from the previous month, the Census Bureau said Wednesday.
Sales were at a seasonally adjusted annual rate of433,000 compared with the revised June rate of 395,000. Economists surveyed by Bloomberg LP forecasted [...]
Written By: meganmollmann on August 20, 2009
No Comment
Chicago foreclosure activity counts by zip code/Realtytrac.com
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Foreclosures increased 7 percent nationwide in July, according to Realtytrac.com. Illinois came in fifth place for total foreclosure activity, with 14,524 properties receiving a foreclosure filing, and default notices skyrocketed 86 percent during the month, said Realtytrac in a press [...]
Written By: meganmollmann on July 30, 2009
No Comment
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Although there was good news this week that housing prices are on the rebound, the aftershocks of the housing bubble are still being felt.
Chicago’s foreclosure rate shot up 30.3 percent in the first half of 2009 compared with January through June of 2008, according to a [...]
Written By: meganmollmann on July 28, 2009
No Comment
RealtyTrac.com/Estimated Chicago home values from Nov. 2006 -June 2009
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Home prices in the Chicago metropolitan area rose 1.1 percent in May from April of this year and ended a 10-month spree of falling home values, according to the the Standard & Poor’s/Case-Shiller index report released [...]
Written By: meganmollmann on July 23, 2009
No Comment
www.flickr.com
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Home sales statewide jumped 20.8 percent in June from May of this year, the fifth consecutive month-to-month increase, according to a report released Thursday by the Illinois Association of Realtors.
In June, 10,909 homes were sold compared to [...]
