[This monthly market report is provided by Chip Wagner and Robert Headrick of the Headrick-Wagner Appraisal Group in their monthly eNewsletter. I have had the pleasure of knowing them for a large part of my appraisal career. They are both very active in appraisal industry matters having held many leadership positions. Their firm has been covering the Chicagoland market since 1970 and as a result, they both have a wealth of insight. Their focus is on relocation, litigation and lending appraisals as well as slayers of appraisal myths. Chip and Bob author a series of market reports on the Chicagoland real estate market They tell me they are also working on a big revamp of their web site as well.] …Jonathan Miller
This month, after licking their wounds from a Chicago Bears (“Da Bears”) Super Bowl loss to the Indianapolis Colts, they did what any good appraiser would do, analyze the situation and correlate it to the real estate market. They did this in a recent post in Chip Wagner’s new Soapbox column “Chip Shots” called Superbowl Mythbusters: Confirmed, Plausible Or Busted?
Here are the hard stats for the month in the following reports. I’ll link them directly to their new web site when its finished: