Lucid Realty

Chicago Tribune

S&P index shows home prices edge up 0.5 percent in May, the fir...

One month does not a trend make. How can they say that this increase is an indication that home prices are stabilizing? Chicago prices are still down 26.6% from the peak in 2006. You can find the long term price trend for Chicago and other local real estate statistics here: http://tinyurl.com /bkb88q  (Jul 28, 2009 | post #2)

Chicago Tribune

Widely watched index shows home prices down by 18.1 pct. in Apr...

I don't see how you can point to one month and say that home prices are stabilizing. In Chicago we are down 26.6% from the peak in September 2006 and May represents a 17.5% year-over-year decline . You can see the long term trend data for the Chicago Case Shiller index and other area real estate statistics here: http://tinyurl.com /bkb88q  (Jul 28, 2009 | post #2)

Chicago Tribune

Home prices post 18.1% annual drop in April

For Chicago it was relatively unchanged from last month but we are still down 18.7% from last year. Here is the long term trend and other Chicago area real estate stats: http://tinyurl.com /bkb88q  (Jun 30, 2009 | post #1)

Chicago Tribune

Existing-home sales increase again in Chicago area

Sales always go up from March to April. It's called seasonality. The fact is that this is the third year that sales have declined around 25% from the previous year. You can see the history here: http://tinyurl.com /bkb88q Look at the second graph  (May 28, 2009 | post #1)

Chicago Tribune

Existing home sales in Chicago area post third consecutive mont...

Oh...forgot to mention that this is a really dumb article - especially the headline. Sales always increase in April over March. Temperatures also increased. It's called seasonality.  (May 27, 2009 | post #2)

Chicago Tribune

Existing home sales in Chicago area post third consecutive mont...

For Chicago year over year sales have been declining for 3 years now. You can see the history in the second graph here: http://tinyurl.com /bkb88q First quarter sales for the greater Chicago area are back to the levels of 1995-1996.  (May 27, 2009 | post #1)

Chicago Tribune

S&P: Home prices fall by record 19.1% in 1Q

In Chicago prices are now down to the level last seen in July 2002 and have fallen a total of 27.4% from the peak in September 2006: http://tinyurl.com /bkb88q  (May 26, 2009 | post #5)

Chicago Tribune

Index shows housing prices falling by 18.6 percent in February,...

Chicago prices are back to December 2002 levels, having fallen 25.1% from the peak: http://tinyurl.com /bkb88q  (Apr 28, 2009 | post #1)

Chicago Tribune

U.S. home prices drop 18.6% in February

In Chicago the index is now down 25.1% from the peak and back to December 2002 levels: http://tinyurl.com /bkb88q  (Apr 28, 2009 | post #2)

Chicago Tribune

Sales of existing homes in Illinois rise for 2nd straight month

I actually ran a regression a while back to determine the exact point where it would hit the trendline. I think it has another 8% to fall possibly.  (Apr 24, 2009 | post #5)

Chicago Tribune

New home sales down 0.6 percent in March from revised February ...

Here is the data for Chicago over a longer period of time: http://preview.tin yurl.com/bkb88q Note sales have been falling 25% per year for 3 years now. And the other graphs on the page give you an idea that this is going to continue for a while.  (Apr 24, 2009 | post #3)

Chicago Tribune

Midwest home sales post 7 pct annual decline

Here is the data for Chicago going back about 3 years: http://tinyurl.com /bkb88q Sales keep plummeting, employment is falling off a cliff, and buyers and sellers are at a stalemate. Many people can't afford to sell because they won't have enough down payment for the next place so they keep their home on the market at an unrealistically high price.  (Apr 24, 2009 | post #1)

Chicago Tribune

Existing home sales fall 3 percent in March; prices plunge 12 p...

Here is the data for the Chicago area: http://tinyurl.com /bkb88q This is the third year in a row that sales are down from the previous year - by a lot.  (Apr 24, 2009 | post #1)

Chicago Tribune

Sales of existing homes in Illinois rise for 2nd straight month

Sales always rise in March over February. The real headline is the drop from 2008, which was down from 2007, which was down from 2006. See the second graph on this page: http://tinyurl.com /bkb88q Also, check out the other graphs that paint a more complete picture of Chicago real estate.  (Apr 24, 2009 | post #1)

Chicago Tribune

Sellers put some faith in the market

If your real estate agent shows up with a St. Joseph statue it's time to get a new real estate agent.  (Apr 21, 2009 | post #1)