My Lopsided Portfolio, Our Lopsided Market

Looking at my meager, pathetic investments today, I get the feeling that our economy isn’t entirely sucking. Aside from the classic Greek tragedy that is the home real estate market, there are industries that aren’t quite licking the floor quite yet.

It's getting depressing.

Among the things you never imagined or cared about succeeding, Caterpillar Inc. stock has risen tremendously, in lieu of a global increase in building and development. Wal-Mart is holding steady in a downtrodden retail market, ever since Cheryl from Mundelein decided to cut back on those pricey shopping trips to Whole Foods every week.

Recent news on the North Shore illustrates exactly what two separate but related markets are telling us about the economy. Home sales in Wilmette have hit a new low, while industrial vacancies in and around Chicago have decreased, showing an upswing in commercial development in the area.

Investors are throwing money at commercial ventures, but homes have, at best, only slightly recovered from the burst bubble. You’ve already heard it; “now is the time to buy!” says the N.A.R. But take a look at where business is developing along the North Shore, and you might get an idea of where the local housing market will be going in the next few years.

705 ELEVENTH St #404
WILMETTE, IL 60091

Beds: 1
Baths: 1.1

This one comes from the future…

611 GREEN BAY Rd #301
WILMETTE, IL 60091

Beds: 2 On Redfin: 11 days
Baths: 2.1 Year Built: 2009
SQ.FT.: 1,940 $/SQ.FT.: $422

  • Patricia

    “ever since Cheryl from Mundelein decided to cut back on those pricey shopping trips to Whole Foods every week.”

    Haha! I think I know her!