RE-DIRECT

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Barrington and Palatine: There is Still a Spring Market Bounce

There is no way to not make this entry lame. I am posting just to say I won’t be posting for a few more days. Sorry about that. I’ve been really busy. This spring market feels like a sale at Macy’s in December: confusion, but some great deals if you [...]

Economic Unpredictability: What is the Impact on the Barrington Real Estate Market?

Noted economist Paul Krugman said in an interview published earlier this week that we could see an average of a 25% drop in housing prices across the country (How Bad is the Mortgage Crisis Going to Get? Fortune, 3/17/08). This is a big statement.
But before we panic, before we make this dire forecast come [...]

December ‘07 Sales Data for Chicago Metropolitan Area Just Out

Once again, our area is poking along with modest appreciation. The median home sale price for the Chicago Metropolitan area for December of 2007 compared to December of 2006 was up 1.1%.* This appreciation is not great, but it is to be expected in a market correction. In the context of the national [...]

Home Sale Anomalies in Barrington and Palatine

If you examine the sales statistics for the Northwest Suburbs over the past year, a constant that emerges is that the number of total transactions was down. That should have meant that inventory was higher and prices were weak. In Palatine and Barrington, sales were down about 30% and 15% respectively in the third quarter [...]

Local Market Conditions in the Northwest Suburbs

Eek! Did you see the headline of the Chicago Tribune’s Sunday paper, “Trapped in Troubled Real Estate Market” (1/13/07)? The accompanying picture of a glum-faced homeowner staring blankly out the window poignantly illustrated the Trib’s message of doom. It would seem that the market is in dire, dire straits.
The headline, the article, [...]