Seasons Greetings from the CTA! That’s nearly all it took to kickstart this holiday tradition. In 1992, an out-of-service Blue Line train was used to deliver food to charities across the city with that humble salutation.
Today there’s definitely a bigger spectacle: Santa and elves staff the train, thousands of lights decorate exterior, evergreen garlands hang from the windows, hand poles turn into candy canes and buses are outfitted with “Ralphie the Reindeer” wraps and red noses.
Though CTA hasn’t forgotten where this tradition started, employees donate time, money and assemble around 500 food baskets for local community organizations this year.
If you’d like to join in on the festive transit tradition, find the schedule for both the CTA’s holiday train and bus below.
CTA Holiday Train schedule
The holiday train will return on Friday, November 28 starting on the Green and Orange Lines then making its way across the city. You’ll always be able to find the holiday train schedule on the CTA’s website and as it gets closer to the date click on the linked date for an exact minute-by-minute schedule of when the train will be rolling through.
There are only 19 special days to catch the magical holiday train. But you might want to mark your calendar for the Saturday dates (November 24, December 1, December 8, December 15) which feature photo ops with Santa and the Elves’ Workshop Train following the main holiday train.
CTA Holiday Bus schedule
If you’d like to catch the CTA’s holiday bus, it’ll be running between November 29 and December 23 on 13 different lines. The bus will roll out in a reindeer wrap with Santa’s sleigh, a glowing red nose, tons of multi-colored lights, festive decor inside and a photo opportunity in the back. You can find the schedule for the “Ralphie the Reindeer” bus on the CTA’s website but its recommended to use the holiday bus tracker.
The time it takes to sell a Chicago-area house has been getting shorter each year, thanks to both a slim inventory for buyers to choose from and rising interest rates, according to data pulled by a northwest suburban real estate executive.
In the 12 months ending Nov. 1, single-family houses that sold had been on the market 84 days on average, according to data compiled by Paul Wells, owner of Re/Max of Barrington. That’s down 6 percent from the previous 12 months and down more than 14 percent from five years ago. (See chart at bottom.)
“We’re seeing steady improvement in getting them sold,” Wells said. In three of the past four years, the average market time for a house dropped from the previous year, for a total drop of 20 days since 2015, Wells’ analysis found.
The implication for sellers is that they may not have to hold their breath and keep their house spic-and-span so long to keep it in showing condition. For buyers, it means “being ready to grab the good ones when they come on the market,” Wells said.
The data, which are for single-family homes only, cover the entire service are of Midwest Real Estate Data, which is all or part of about 20 counties in northeastern Illinois. But “the vast majority of the sales are in Cook and the collar counties” DuPage, Kane, Lake, McHenry and Will, Wells said.
The two key factors speeding up sales, Wells said, are the epochally low inventory of homes that has been plaguing not only Chicago’s but the nation’s housing market for a few years, and mortgage interest rates increasing after nearly a decade of epochal lows after the housing crash.
It’s hard to gauge the relative weight of the two factors, though Wells said for middle-class buyers who are more sensitive to changes in what they can afford, “interest rates have put a sense of urgency into buying this year that we haven’t seen in a long time.”
Despite slight decreases in recent weeks, the average rate on a 30-year mortgage has risen more than a full percentage point so far in 2018, according to this Zillow tracker, and in recent weeks has been near five percent. “Five percent is almost a magic number in (buyers’) heads,” Wells said.
Because five-percent mortgage rates seem like a relic of an earlier era, when rates weren’t being kept artificially low, “they think they’d better buy now, under five,” Wells said.
The other factor, short inventory, “has been undermining the real estate industry for years,” Wells said.
The inventory of homes for sale has been tight for several reasons. Among them: Chicago’s slow home-price recovery leaves a large proportion of people who are underwater on their mortgages and so can’t afford to move, increases in home prices making current homeowners hesitant to sell because they may not be able to afford the jump to the next house and construction of new housing “is almost at a standstill,” Wells said.
Suburban homebuilders are nearing the end of the 10th consecutive year when they sold fewer than 5,000 homes, while in the years from 1997 to 2006, sales ranged between 16,000 and 28,000 a year, Schaumburg-based consultant to homebuilders Tracy Cross & Associates reported in October.
Logan Square 2 bedroom, 1 bath gut rehab apartment. One Bonus room perfect for extra guests or office/den/playroom. Unit has Central Air. Tenant pays own Gas, Electric, Heat & Air. Stackable washer & dryer free for tenants on 2nd and 3rd floor – shared in private basement area. New windows, new siding, new electrical throughout. New wrought iron fence and new mailboxes compliment the landscaping. Three blocks away from the 606 Trail Drake Access Ramp. Garage for additional $100 monthly, garage offers 2 car front-to-back tandem parking. Nice yard. Pets allowed based on owner approval. No security deposit but $350 non-refundable owner move in fee. $1,400/mo.
Our Latest Blog Posts
- ‘Hottest affordable’ neighborhood nationwide is McKinley Park, Redfin saysJanuary 18, 2019 - 1:46 pm
Average sale prices for homes are about $270K…
- Will housing issues gain traction in 2020 election?January 9, 2019 - 12:46 am
As Senator Elizabeth Warren and others jump in, advocates see a huge chance to elevate housing policy…
- Wilmette’s Edens Plaza sells for $72 millionJanuary 7, 2019 - 9:48 pm
The deal does not include the separately owned former Carson’s, which closed last year…