Wintrust Business Minute: Chicago-area home prices are rising faster than other major cities

07/25/23 • -1 min

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago area home prices are rising faster than other major cities. Single-family home values rose 4.6% in May on the latest S&P CoreLogic Case-Shiller Index. The increase is the biggest of any of the 20 cities listed on the index. Last year at this time, Chicago was 18th. Cleveland is second on the index with a 3.9% increase followed by New York at 3.5% and then Miami at 3.4%. Nationwide, home prices dipped 0.5% in May.

Also, layoffs are underway at the largest locally headquartered bank in Chicago. Listen for more below:

https://serve.castfire.com/audio/4142489/4142489_2023-07-25-183529.64kmono.mp3

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Also, layoffs are underway at the largest locally headquartered bank in Chicago. Listen for more below:

https://serve.castfire.com/audio/4142489/4142489_2023-07-25-183529.64kmono.mp3

Previous Episode

Wintrust Business Lunch 7/24/23: Renter insecurity, Cameo layoffs, Hands of Peace

Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins John to talk about renter insecurity, Elon Musk rebranding Twitter to ‘X,’ and a new Longevity Annuity you can buy.

Segment 2: Jim Dallke, National Editor, American Inno, talks to John about layoffs hitting Chicago startup Cameo, a new $40M venture capital fund in town, led by 2 women, investing in food startups, and Chicago falling in a new tech cities ranking by CBRE.

Segment 3: Emily Kenward, Hands of Peace Chicago site director and program alum, tells John about their three week summer program, the mission of the program, who is participating in the program right now, and how they provide space for American, Israeli and Palestinian teens to create a dialogue and empower them to become agents of change in their communities and around the world.

https://serve.castfire.com/audio/4142170/4142170_2023-07-24-205710.128.mp3

Next Episode

Wintrust Business Lunch 7/25/23: Fed war on inflation, work siesta, Back-to-School survey

Segment 1: Tom Gimbel, founder and CEO of LaSalle Network, joins John to talk about what you should do if you think you are falling behind in your career.

Segment 2: Philippe Weiss, President, Seyfarth at Work, talks to John about how work siestas are taking hold in the U.S. and what employers and employees need to know about this trend.

Segment 3: Jack Ablin, Chief Investment Officer, Cresset Capital, talks to John about what’s driving the Dow’s current winning streak, consumer confidence rising, if the Fed is winning the war on inflation, and what he expects the Fed to do with interest rates tomorrow.

Segment 4: Matt Adams, principal at Deloitte Consulting specializing in retail, tells John the results of Deloitte’s 2023 Back-to-School survey.

https://serve.castfire.com/audio/4142516/4142516_2023-07-25-190316.128.mp3