The term “bubble” gets thrown around often nowadays, but the data does not support such statements. The great housing bubble of 2001 to 2008 was a mammoth economic event, one that pulled the housing market through a verifiable roller

The decline was not substantial, but pending contracts definitely slowed down in August. Pending home sales fell 1.0 percent in from July to August, and are down 2.2 percent from where they were in 2013. Those were the main

Of Chicagoland’s many neighborhoods, which ones saw the most home sales in August? Last week, we reported on the top-selling suburbs in the Chicagoland area in August, and courtesy once again of data from Redfin, we’re back with the

The recovery in housing is still heavily concentrated in higher price points, according to new NAR research. On the surface, it seems like just another report on housing – earlier this week, the National Association of Realtors reported that existing-home

Of Chicagoland’s many distinguished suburbs, which ones saw the most home sales in August? Earlier this week, we reported that August was a rough month for home sales in Chicagoland, with transactions falling by 13.3 percent from the year

Some analysts have argued that the impact of student loans is overblown, but new research comes to a different conclusion. In the last 11 years, student debt in the U.S. has skyrocketed from $241 billion to $1.1 trillion, making

Everyone keeps waiting for Millennials to jump into the housing market and save the day, but new data shows we should not hold our breath. It’s the big question on many an agent’s mind – when will Millennials take

Why do some consumers rent and not own? New survey results suggest that the answer to that question is not a straightforward one. They have insufficient savings or too much debt; they do not have enough income; they have

Everyone knows that newly built single-family homes have become quite pricey, but the exact numbers are still eye-opening. We’re no strangers to the rising costs of new homes, here at Chicago Agent. Every month the past few years, we’ve been

Asking prices continued their ascent in August, according to new numbers from Trulia. Asking prices in the Chicagoland area rose 12.5 percent year-over-year in August, according to the latest Price Monitor from real estate website Trulia. That gave Chicagoland

Though overall housing inventory is showing signs of recovery, it’s not progressing in a way that helps first-time homebuyers. According to the National Association of Realtors, 2014 has been a very good year for housing inventory. After falling precariously

$1 million is a hefty chunk of change, but new data shows that it goes much farther in some metro areas than in others. #150799741 / gettyimages.com How much is $1 million, in the grand scheme of things? According

Residential construction was basically flat in July, though it remains ahead of 2013’s pace. #175431498 / gettyimages.com Residential construction spending through July was at a seasonally adjust annual rate of $358.1 billion, a 0.7 percent increase from June, according

Negative equity persists in today’s housing market, but its impacts are not equally felt in every price point. #471456425 / gettyimages.com Earlier this week, we reported on new findings by Zillow that a whopping 42.6 percent of Generation X

Construction spending has been up and down in Chicagoland in 2014, but it bounced back in a major way in July. #175937445 / gettyimages.com Residential construction spending in the Chicagoland region totaled $422 million in July 2014, a remarkable

Though our marketplace has traversed quite the terrain since 2008, new data shows that it still has quite a bit of ground to cover. #79395361 / gettyimages.com We report quite regularly on building permits at the national level, but