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Chicago & Midwest  |  May 30, 2018
Paul Bubny
By: Paul Bubny

Chicago Trails Major US Metros in Home Price Gains

Chicago’s year-over-year growth in home prices was the slowest in the S&P CoreLogic Case-Shiller Indices 20-city composite for March, according to recently-released data from S&P Dow Jones. The metro area eked out 2.8% Y-O-Y growth, compared to 5% or more in late 2016 and early 2017. It’s been at or near the bottom of the rankings for 13 consecutive months.

Last month, S&P Dow Jones’ David Blitzer pointed out that Chicago came in 19th among the 20 cities for both home price gains and employment growth. The Windy City has vied with Washington, DC for the bottom slot in terms of Y-O-Y home price appreciation.

Even so, Blitzer said “Any doubts that real, or inflation-adjusted, home prices are climbing rapidly are eliminated by considering Chicago. The city reported the lowest 12-month gain among all cities in the index of 2.8%, almost a percentage point ahead of the inflation rate.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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