Over 6,000 condominiums or townhomes were sold in the first quarter of 2013, an increase of 77 percent over the first quarter of 2012. Though the median selling prices of condos and townhomes slipped, the high sales volume is welcome news for beleaguered condo market, which has suffered from foreclosures and financing difficulties. The median [...]
Home sellers and buyers had an active first quarter in Chicago, with 7,751 single-family homes trading hands between January 1 and March 31. Though that figure represents a decrease from the previous quarter, it is 26 percent higher than the same figure a year ago. Prices are also down over last quarter.
Tuesday’s Case-Shiller index release showed the Chicago region posted some gains in home prices, but not at the same level as the 10- or 20-city indices:
Despite a pickup nationwide, building permits for housing construction in Chicago remain well below pre-boom levels, according to the latest Census data. The chart above shows a three-week moving average to cut down on noise. The city averaged just 156 multifamily permits and 26 single family permits per month in the last 12 months. The [...]
The FHFA and Case-Shiller indices showed slight decreases in their most recent reporting periods. The indices, which were both released this week, had shown slight increases recently but have largely remained flat over the past year.
The University of Michigan index of consumer confidence was essentially unchanged in November. The organization released a preliminary reading of 84.9, which would have been a 2.7% month-over-month increase. Instead, the final reading was 82.7, which is up just a tenth of a percent from October’s 82.6.
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