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Chicago Condo’s Posts Largest Price Drop in 2011
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Chicago Condo’s Posts Largest Price Drop in 2011
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Chicago Condo’s Posts Largest Price Drop in 2011

March 8, 2012 (Jeff Alan)

Chicago posted the largest decline in condominium prices in 2011, falling 12.3 percent for the year, with most of the decline coming in the last four months of the year according to Standard and Poor’s HouseViews.

Condo prices in Chicago fell a cumulative 11.5 percent from September through December, 4.8 percent in the month of December alone, after only losing a cumulative 0.8 percent in the first eight months of the year.

Prices for condos in the Chicago area have now dropped back to their early-2000 levels.

All five of the condominium markets covered by the S&P/Case-Shiller Indices posted a monthly decline in prices in December.

In California, the long slide in condo prices continued in December, with San Francisco suffering a monthly price decline of 1.9 percent while Los Angeles saw its prices decline 1.0 percent.

Condo prices in Los Angeles have fallen for 17 consecutive months leaving prices in the area 7.5 percent lower than they were at the beginning of the year.

In San Francisco, condo prices have fallen for eight consecutive months and for 15 out of the last 18 months leaving prices 7.3 percent lower than what they were when the year started.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to early-2002 levels.

New York posted the smallest decline in condo prices of the five metro areas in 2011, followed by Boston. Condo prices in New York fell only 0.2 percent since the beginning of the year, while in Boston, prices fell a modest 2.4 percent.

New York also had the smallest decline in monthly prices, falling 0.7 percent from November to December, while prices in Boston fell 1.2 percent for the month. Condo prices in New York have dropped back to early-2005 levels and in Boston prices have fallen back to mid-2003 levels.

Since their respective housing market peaks, New York has also been the best performing market with condo prices falling only 15.4 percent since its peak. Los Angeles has suffered the largest drop in condo prices, declining 41.9 percent, followed by San Francisco at 37.0 percent and Chicago where area condo prices have fallen 36.2 percent since their market peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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March 8, 2012 (Jeff Alan)

Chicago posted the largest decline in condominium prices in 2011, falling 12.3 percent for the year, with most of the decline coming in the last four months of the year according to Standard and Poor’s HouseViews.

Condo prices in Chicago fell a cumulative 11.5 percent from September through December, 4.8 percent in the month of December alone, after only losing a cumulative 0.8 percent in the first eight months of the year.

Prices for condos in the Chicago area have now dropped back to their early-2000 levels.

All five of the condominium markets covered by the S&P/Case-Shiller Indices posted a monthly decline in prices in December.

In California, the long slide in condo prices continued in December, with San Francisco suffering a monthly price decline of 1.9 percent while Los Angeles saw its prices decline 1.0 percent.

Condo prices in Los Angeles have fallen for 17 consecutive months leaving prices in the area 7.5 percent lower than they were at the beginning of the year.

In San Francisco, condo prices have fallen for eight consecutive months and for 15 out of the last 18 months leaving prices 7.3 percent lower than what they were when the year started.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to early-2002 levels.

New York posted the smallest decline in condo prices of the five metro areas in 2011, followed by Boston. Condo prices in New York fell only 0.2 percent since the beginning of the year, while in Boston, prices fell a modest 2.4 percent.

New York also had the smallest decline in monthly prices, falling 0.7 percent from November to December, while prices in Boston fell 1.2 percent for the month. Condo prices in New York have dropped back to early-2005 levels and in Boston prices have fallen back to mid-2003 levels.

Since their respective housing market peaks, New York has also been the best performing market with condo prices falling only 15.4 percent since its peak. Los Angeles has suffered the largest drop in condo prices, declining 41.9 percent, followed by San Francisco at 37.0 percent and Chicago where area condo prices have fallen 36.2 percent since their market peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

March 8, 2012 (Jeff Alan)

Chicago posted the largest decline in condominium prices in 2011, falling 12.3 percent for the year, with most of the decline coming in the last four months of the year according to Standard and Poor’s HouseViews.

Condo prices in Chicago fell a cumulative 11.5 percent from September through December, 4.8 percent in the month of December alone, after only losing a cumulative 0.8 percent in the first eight months of the year.

Prices for condos in the Chicago area have now dropped back to their early-2000 levels.

All five of the condominium markets covered by the S&P/Case-Shiller Indices posted a monthly decline in prices in December.

In California, the long slide in condo prices continued in December, with San Francisco suffering a monthly price decline of 1.9 percent while Los Angeles saw its prices decline 1.0 percent.

Condo prices in Los Angeles have fallen for 17 consecutive months leaving prices in the area 7.5 percent lower than they were at the beginning of the year.

In San Francisco, condo prices have fallen for eight consecutive months and for 15 out of the last 18 months leaving prices 7.3 percent lower than what they were when the year started.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to early-2002 levels.

New York posted the smallest decline in condo prices of the five metro areas in 2011, followed by Boston. Condo prices in New York fell only 0.2 percent since the beginning of the year, while in Boston, prices fell a modest 2.4 percent.

New York also had the smallest decline in monthly prices, falling 0.7 percent from November to December, while prices in Boston fell 1.2 percent for the month. Condo prices in New York have dropped back to early-2005 levels and in Boston prices have fallen back to mid-2003 levels.

Since their respective housing market peaks, New York has also been the best performing market with condo prices falling only 15.4 percent since its peak. Los Angeles has suffered the largest drop in condo prices, declining 41.9 percent, followed by San Francisco at 37.0 percent and Chicago where area condo prices have fallen 36.2 percent since their market peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS