As a former HUD employee who has worked in communities across this country, I have learned that few things incite a crowd as quickly and consistently as the subject of providing poor people with…
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Chicago Housing Market News Reports
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Chicago real estate news. posts, trends and data from The Gramata Realty Group - Chicago with @properties
Curated by
Jim Gramata
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Even in attractive, fast-growing cities like Denver, New York and Seattle, selling prices are rising more slowly and asking prices are being slashed.
Jim Gramata's insight:
Locally here in Chicago housing affordability index is even worse than national averages as market times rise and buyers recede. 
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Single-family home sales in the West and Midwest show the largest drops.
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Chinese international property buyers have taken an interest in Seattle real estate, reports City Living Seattle (2 June 2017)
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Tighter regulations in China and Australia has led Chinese real estate investors to switch from Australia to other countries, Business Insider (13 August 2017)
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Efforts to limit capital flowing overseas by the Chinese government had a limited effect, reports The Australian (16 October 2017).
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As a former HUD employee who has worked in communities across this country, I have learned that few things incite a crowd as quickly and consistently as the subject of providing poor people with…
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Jim Gramata's insight:
Going green in India with lofty goals. Falling behind in America.
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http://www.chicagobusiness.com/realestate/20160119/CRED0701/160119854/lakeview-leads-city-in-teardowns Lakeview leads city in teardowns Photo by Cook County Assessor (left); AK Custom Homes (right) Th...
Jim Gramata's insight:
Teardown's were strong in Lakeview and Roscoe Village since that is primarily where the old stock inventory exists. Builders are having a much more difficult time in areas like Lincoln Park to find those gems. They are going to property owners of larger lot sized properties and overpaying for them because their numbers work on their proformas although some I've seen lately are questionable. As we head into a shaky 2016 how many of these builders will learn from the past and over extend? Tread cautiously. The waters are stirring up and the boats could capsize pretty quickly once again depending on which direction we head.
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Jim Gramata's insight:
While proponents of the tax hike have been downplaying the impact the rise will have on homeowners this report issued by Crain's CHicago Business shows the reality is clearly going on the shoulders of many near north residents.
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Here is an interactive chart of the last 5 years for median sales prices for detached single family homes comparing Bucktown to Wicker Park (4 beds or larg
Jim Gramata's insight:
"I've heard it before from clients: "I should have bought back in 2012." True but if you don't buy soon you'll be saying. "I should have bought back in 2015 when rates were low and prices were still reasonable in Bucktown and Wicker Park" Here is an interactive chart of the last 5 years showing median sales prices for detached single family homes comparing Bucktown to Wicker Park
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Jim Gramata's insight:
Join me on Sunday to preview this stunning new construction single family home on an extra wide lot in the Bell School district of Roscoe Village/ North Center.
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School bus driver Michael Payne was renting an apartment on the 30th floor of a ...
Jim Gramata's insight:
It’s not as great as being reported in this booming economy. Why is that?
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Next year will be remembered as the year when balance started returning to the luxury market...
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A severe shortage of affordable homes for sale caused a sharp and unexpected drop in January closings.
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A national price index has surpassed the crazy peak set in July 2006.
Jim Gramata's insight:
Case Schiller latest reports indicate the significant housing bubbles in our some of our cities most unstable markets. Look at San Francisco and LA.
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Chinese individual and commercial investors still have US$200 billion to invest on property abroad, reports CNBC (16 June 2017)
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What do Chinese property investors look at when buying overseas real estate? We share the top 10 most important criteria for Chinese buyers.
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As a former HUD employee who has worked in communities across this country, I have learned that few things incite a crowd as quickly and consistently as the subject of providing poor people with…
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New Freddie Mac study shows only 4 percent of apartments are affordable for America's poorest families
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US$1 billion project, jointly developed with Magellan Development Group, is slated for completion in 2020
Jim Gramata's insight:
Magellan Sales have been keeping this information under cover here locally in Chicago but overseas news reports the Wanda Tower condo sales are at US$200 million in sales since March
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Burke deployed a parliamentary manuever to derail eliminating the legislative inspector general.
Jim Gramata's insight:
Politics as usual in Chicago. Delaying inevitable inspector general to oversea our elected officials.
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![15 Mind-Blowing Statistics Reveal What Happens on the Internet in a Minute [Infographic] | Chicago Housing Market News Reports | Scoop.it](https://img.scoop.it/5bByiD-xJ4FF7JTuGmQFUzl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
Maricarmen Husson's curator insight,
October 29, 2015 2:21 PM
Qué pasa en Internet en un minuto. Infografía
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Jim Gramata's insight:
Take a look at this side by side comparison of single-family median housing prices for the past three years comparing all of West Town (Bucktown & Wicker Park) to South Bucktown (North Avenue to Armitage) and then to North Bucktown (Armitage to Fullerton). Clearly the median pricing is highest in the south Bucktown area and is rising the most exponentially. Homes in the north section of Bucktown (north of Armitage) are selling for less and not appreciating as much as homes to the south.
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