What’s the deal with asking prices in our metro area? Asking prices in the Chicagoland area remained positive in November, though they seem to be showing signs of slowing down, according to the newly released Price Monitor from Trulia. Per

In an effort to tackle a housing affordability crisis, Chicago has fielded some bold recommendations from a special task force. The city of Chicago is considering a recommended change to its Affordable Requirements Ordinance, one that could usher in

The latest government jobs report was highly encouraging for the economy – and, as a result, for the housing market. Good news alert! The government’s latest jobs report came out last week, and it was a very encouraging one

We ventured through the data jungle, and came upon three very good signs for our housing market. A couple weeks ago, we reported that though home sales have slumped in the Chicagoland area, there were signs that our housing

Foreclosures are being completed at dramatic rates…and why that might not be so good. The newest foreclosure report from CoreLogic highlights the nation’s continued efforts to push through new and long pending foreclosures, but the robust pace of completion

New data shows that the city of Chicago is one of the most active luxury housing markets in the entire U.S. The city of Chicago is the No. 4 luxury housing market in the U.S. in terms of sales,

Construction spending rises and falls throughout the country, helping and hindering markets struggling to refill dwindling inventories. Construction spending was up this past October, according to recently released figures from the U.S. Census Bureau. The increases, which amount to

At the end of the day, how much income do consumers need to qualify for certain mortgages in our housing market? In our most recent analysis of housing affordability, we looked at what percentage of our housing market’s inventory

Though overall construction is mostly flat from last year, both single family and multifamily are putting up some encouraging numbers. Residential construction spending was up just 1.3 percent from September to October and 1.8 percent from Oct. 2013, rising

Stable, moderate price appreciation may tell a much larger economic story.   Though the pace of home sales has slowed throughout much of the nation, year-over-year price gains remain healthy, increasing in October yet again, making 32 months of

There’s very little that’s conventional in terms of how homebuyers today finance their purchases, as 2014 draws to a close. In our most recent story on NAR’s 2014 Profile of Home Buyers and Sellers, we looked at how consumers

One aspect of the economic recovery could haunt the housing market far beyond its current cycle. Seven million is a big number, and unfortunately –for both the housing market and the wider economy – it’s attached to a remnant of the Great

Everybody wants a new home, but fewer people will be able to afford them at this rate. Newly built single-family homes are extremely expensive. That was the big takeaway from the latest new home sales report from the Census

Coldwell Banker Real Estate released its 2014 Home Listing Report (HLR), which provides a side-by-side comparison of four-bedroom, two-bathroom homes in nearly 2,000 markets across the country, as well as rankings of the most expensive and affordable markets in all 50

It would appear to be a glaring contradiction in the nation’s housing market, but a bit of flip-side thinking immediately clears things up. The HMI, the NAHB’s measurement of builder confidence, rose yet again this month, jumping four points

Home price growth continued to slow in September, but as we argued with home sales, that’s not necessarily a bad thing. Balance was the name of the game for home prices in the Chicagoland housing market, which in September