Building in the Second City Making Significant Progress Residential construction spending in the Chicagoland area was up 64 percent year-over-year in June, and so far in 2015 is 39 percent ahead of where it was last year. Those encouraging stats came

Several Chicago neighborhoods saw big sales increases in June Home sales in the city of Chicago rose 9.3 percent year-over-year in June, and several of the city’s neighborhoods, according to exclusive numbers from Redfin, were especially responsible for that increase.

Institutional investors leaving real estate, but Americans still confident housing is a good investment In the immediate wake of the economic downturn, the housing market took a plunge that was devastating for homeowners but ideal for the opportunistic. In the years

Contract signings declined for the first time in 2015, according to new research Pending home sales declined 1.8 percent from May to June, according to new analysis from the National Association of Realtors. Although the Pending Home Sales Index,

Home prices were positive for the Chicagoland housing market in May’s Case-Shiller Home prices in the Chicagoland housing market rose 1.3 percent from April to May, and 2.2 percent from May 2014, according to the latest Case-Shiller Home Price

The news for new home sales was much better than the Census Bureau’s report led on Sales of new homes in June were at a seasonally adjusted annual rate of 482,000, a 21.2 percent year-to-date increase from 2014 that

Home sales in the Chicagoland area showed unexpected strength in June, according to new analysis from IAR Home sales and median prices in the nine-county Chicagoland area both rose by year-over-year measurements in June, climbing 14.2 percent and 5.7

Lawmakers threaten to end like-kind exchange tax provisions, but some say the cost would be too great There’s a contingent of lawmakers and government officials lobbying to alter the face of like-kind exchanges, with some hoping to outright repeal the

In many Chicago neighborhoods, competition for housing is intense Housing inventory in Chicago rose 17 percent year-over-year in June, reaching its highest level since August 2012, according to Redfin’s Real-Time Housing Market Tracker. Despite that increase, demand is still outpacing supply

CoreLogic released its April cash sales report today, and as has been the trend all year, cash sales declined year-over-year, bringing national levels closer to the pre-crisis baseline of around a 25 percent market share. In April, cash sales

According to Census Bureau calculations, June was one of the best months of new construction in some time…but the truth is more complicated Building permits rose 7.4 percent monthly and 30 percent year-over-year in June, according to the latest  construction

CoreLogic May foreclosure report documents continued improvement in inventory and seriously delinquent mortgage rates Today, CoreLogic released its May 2015 National Foreclosure Report, which highlighted steep declines in completed foreclosures and foreclosure inventory, as well as the falling serious

Throughout the first four months of 2015, home sales in the U.S. were the best they’ve been in eight years. Helped by a one-half percentage drop in fixed mortgage rates, home sales from January to April this year surpassed

U.S. mortgage rates were increasing at steady clip in 2015 until global economic events intervened The economic turmoil in Greece and China could possibly benefit U.S. homebuyers. That cause and effect was the chief finding in Freddie Mac’s latest Primary Mortgage

CoreLogic has released its May Home Price Index, revealing another month of positive gains. Marking 39 months of consecutive year-over-year gains, national home prices, both including and excluding distressed sales, increased 6.3 percent in May compared to the same

CareerBuilder releases new labor market rankings In late May, CareerBuilder released its second quarter Labor Market 150 Index, which attempts to evaluate and rank the country’s largest metros. Using data from the employment website’s data arm, EMSI, or Economic