New home sales were up in August, but is that a sign of a strengthening market? In August, new home sales rose 5.7 percent month-to-month and 21.6 percent year-over-year to a seasonally adjusted annual rate of 552,000, according to

An interest rate hike is not a concern to buyers Buyers are more concerned about affordability, competition and inventory than an interest rate hike, according to a Redfin survey of 3,577 buyers done in late July. Only 5 percent of the

What Chicagoland suburbs saw the most home sales in August? Home sales in suburban Chicago rose 4.3 percent in August, according to statistics from the Mainstreet Organization of Realtors. Of Chicagoland’s many municipalities, though, which ones saw the most

The Chicagoland housing market has the highest share of distressed sales in the nation, according to RealtyTrac’s August 2015 U.S. Sales Report. In August, distressed sales made up 16.4 percent of all sales in Chicagoland, compared with 8.9 percent nationwide.

For decades, white buyers have largely dictated the direction of the housing industry. That may soon change, though, as a recent survey from Better Homes and Gardens Real Estate and the National Association of Hispanic Real Estate Professionals found

One in four renters is severely rent burdened Based on current trends of rent gains outpacing incomes, the number of severely burdened renters could increase by up to 25 percent by 2025, according to a study published by the Joint

Illinois has the fifth least fair tax system in the country. That was one of the findings in WalletHub’s application of a nationally representative survey to rank which states had the most and least fair tax systems. The survey

As the summer homebuying season winds to a close, Chicagoland’s housing market cools its jets Home sales in the nine-county Chicagoland area totaled 10,854 in August, a 2.8 percent increase from a year ago, according to new numbers from

Market slows in an expected drop as summer comes to a close After three straight months of gains, existing-home sales dipped in August, despite slowing price growth and a positive turnaround in the share of sales to first-time buyers,

Interest rates are staying right where they are…for the time being. And so the speculation continues for another month. After weeks of outside editorial, predictions and warnings, the Federal Reserve announced today that it will leave interest rates at their

Recent grads may fear buying a home because they are stressed from student loans and starting their lives. Some grads’ professions, though, will make them more prepared to purchase a home than others, and Realtor.com has put together a list

Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong

A Pew Research Center study highlights the problems facing Millennials who attempt to purchase a home A new study released by the Pew Research Center highlighted that Millennials are still struggling to live independently, despite the strengthening job market. While the

Millennials are a diverse bunch, but the generation following them will be even more so. The next generation of homebuyers in the U.S. will be the largest – and most diverse – that the country has ever seen. That

A new survey from Bloomberg Business anticipates that the next recession will occur in 2018. The survey was taken from a median average of 30 economists. They report that there is a 10 percent chance of a  recession headed in

According to a new National Association of Home Builders study, 70 percent of builders generally use between 11 and 30 subcontractors to build one single-family home. On average, a typical builder would use 22 subcontractors to build a house. Here is