Residential construction has been making a tepid comeback in recent months; how did March play into that narrative? Let’s put it this way – March was both a wonderfully positive month and an awfully rough month for residential construction

Some new statistical work by the NAHB has brought some life to one of the more known truisms about homeownership. It’s one of those details about real estate that everybody knows – younger people tend to rent, while older

What do luxury homebuyers desire the most, when shopping for homes? The luxury homebuyer, as any real estate agent knows, is a unique breed of client, and their desires and requests during the homebuying process differ in many notable

We all know that housing inventory remains at record-low levels; why is that the case, though? The other day, we reported that housing inventory increased 4.7 percent in March to a 5.2-month supply. Though technically an increase, that represents

Distressed home sales were once the most visible characteristic of the housing market, but they’ve taken a much-desired back seat in recent months. Buried in NAR’s latest existing-home sales report was a precious nugget of housing news – in

It’s been a rough year for pending home sales, but March finally brought some good news to the beleaguered housing stat. Pending home sales reversed a longstanding trend of declines in March, posting their first increase in nine months, according

We keep hearing about how time on market continues to fall, but what do the averages tell us about how fast our market really is? Earlier this week, we reported that nationwide, time on market has fallen seven days

We reported earlier on Chicago-wide housing numbers, but what of the suburbs? In March, home sales in the Chicagoland area declined 11.1 percent year-over-year, while low inventory continued to push median home price, which rose 12.9 percent. How did

March was a very good month for price per square foot in our housing market, according to Movoto. Those signs of a housing recovery just became a bit brighter. According to the latest State of the Real Estate Market

We’ve been hearing for some time that rents are increasing, but new numbers from Zillow present the issue in a new light. Rising rents, like falling home prices, have been one of the prevailing narratives of the post-bubble housing

Deductions are a big part of homeownership; how common are they here in our local marketplace? If you know homeownership, you know the mortgage interest tax deduction, the great grandmaster of tax deductions in the U.S. Indeed, homeownership and

Though still low, builder confidence showed improvement in April, according to new NAHB numbers. Builder confidence recovered somewhat from March to April, inching up from 46 to 47, according to the latest Housing Market Index from the National Association

It’s been a verifiable roller coaster ride the last couple years when it comes to housing inventory, but are we finally out of the woods? Housing inventory in the Chicago housing market fell just 1.0 percent year-over-year in March,

In the age of new urbanism, where does our metro area rank in terms of density and sprawl? “Density” and “sprawl” have become big buzzwords in housing the last couple of years, and for good reason. With gas prices,

The housing market has made considerable strides in the last 18 months, but all-cash sales are still in abundance. We’ll cut to the big stat – in Jan. 2014, the latest month for which data exists, 39.8 percent of

Sure, our area has some wonderful luxury housing markets, but in the grander scope of the market, how common are those million-dollar listings? We may hear about luxury real estate on a consistent basis, but luxury listings in the