We reported last week that in 2014, the median sales price for a newly built single-family home set a new record, closing out the year at $283,600. That’s not only 5.5 percent above 2013, but also a whopping 28.3 percent

Slow home prices in December are likely to roll over into 2015. Early today, February 3, CoreLogic released its Home Price Index for December 2014. While price appreciation was relatively flat from a month prior, CoreLogic researchers found prices

2014 was a very good year for new construction in Chicagoland, according to the latest stats. Total residential construction spending in the Chicagoland area was $4.293 billion in 2014, a 19 percent increase from 2013, according to new numbers

Construction on the whole was positive in 2014, but that was mostly due to the surging multifamily sector. Private construction may have been up 4.5 percent in 2014, but it was the multifamily housing market that drove that activity,

What neighborhoods in the Second City saw the most sales activity in 2014? Last week, we reported on the top-selling neighborhoods in Chicago in December, and that once again, the Near North Side came out on top. Was that the

Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Chicagoland area is poised to see more than 300,000 potential homebuyers enter the housing market fray over the next

Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report. No, that

What Chicago neighborhoods ended 2014 with a bang? Yesterday, we reported that Aurora was Chicagoland’s top-selling suburban housing market in Dec. 2014; what neighborhood in the city proper came out on top in the holiday season? To find out, we dug

Pending home sales took a step back in December, but remain well above 2013 levels. The National Association of Realtors released its newest Pending Home Sales Index today, finding that despite persistently low interest rates, December pending home sales

Last week, we reported that home sales in Chicagoland closed out 2014 on a disappointing note; what suburban markets, though, saw the most home sales activity in December? To find out, we dug through fresh numbers from Redfin’s Market Tracker,

We’re all waiting for Chicagoland’s housing inventory situation to improve…but that has yet to happen. The inventory situation in Chicagoland continued to worsen in 2014, according to new numbers from realtor.com. Per realtor.com’s analysis, inventory in Chicagoland dropped by

New home sales may have disappointed in 2014, but median sales price was an entirely different matter. December may have capped off a lackluster year of sales for newly built single-family homes, but when it came to the median

For a successful 2015, does Chicago need more building? The Windy City finished out the year with a whimper, as our own Peter Ricci reported last week, which wasn’t a wholly unexpected result, but some were surprised to see

Home prices in the Chicagoland area did not set the indices on fire in the latest Case-Shiller. Home prices in the Chicagoland area continued to moderate in November, falling 1.1 percent from October but rising a modest 2.0 percent

Everyone knows that lending standards today are relatively restrictive by historic standards, but are they loosening up at all as housing and the economy improve? To find out, we took an exclusive look at CoreLogic’s Housing Credit Index (HCI),

It was the same old narrative for the 2014 housing market in December, according to fresh analysis. Home sales in the nine-county Chicagoland totaled 7,971 in December, a 3.7 percent decline from Dec. 2013’s 8,278 sales, according to the