There has been undeniable progress in the mortgage markets, but the effects of the recession still linger. Earlier this week, the Federal Reserve released a bevy of mortgage data from 2013, and it came with a screaming good headline

American homeowners are finding that rising home prices are helping them reclaim some of the equity lost during the housing crisis, CoreLogic reports. The value of homes, since the bursting of the housing bubble in 2007, have been struggling

The recovery in housing is still heavily concentrated in higher price points, according to new NAR research. On the surface, it seems like just another report on housing – earlier this week, the National Association of Realtors reported that existing-home

New home sales rocketed to the moon in August, but such data should be taken with a grain of salt. Here’s some glorious news to brighten up your day – according to new Census Bureau numbers, the sales of

Of Chicagoland’s many distinguished suburbs, which ones saw the most home sales in August? Earlier this week, we reported that August was a rough month for home sales in Chicagoland, with transactions falling by 13.3 percent from the year

Some analysts have argued that the impact of student loans is overblown, but new research comes to a different conclusion. In the last 11 years, student debt in the U.S. has skyrocketed from $241 billion to $1.1 trillion, making

NAR’s August existing-home sales report reveals declines – the good kind. The second quarter of 2014 saw consecutive months of gains, and it looked like that trend was continuing into the third quarter. However, due to a increasing lack

Redfin examines where and how Millennials are living. As it turns out, young people love Chicago. Enclaves are a feature of almost every American city, and they happen for a variety of reasons. Most notably, of course, are cultural

We keep hearing how depressed single-family construction is and that we need more new homes, but is that really the case? In 2013, there were 618,000 single-family housing starts, and we’re currently operating at a rate of roughly 622,000

August was a rough month for home sales in the Chicagoland area, according to new stats from IAR. Home sales in the nine-county Chicagoland area fell 13.3 percent year-over-year in August, closing out the month at 10,370 sales, according

Tight lending is blamed constantly for housing’s slow recovery, but there’s actually much more to the narrative than meets the eye. Last week, we reported on an unorthodox idea that is brewing in some housing circles – that in

Everyone keeps waiting for Millennials to jump into the housing market and save the day, but new data shows we should not hold our breath. It’s the big question on many an agent’s mind – when will Millennials take

The post-boom construction narrative soldiers on with the release of the latest building data from the Census Bureau. On the surface, it looks pretty bad – according to fresh numbers out today from the U.S. Census Bureau and Department of

New Redfin report shows how it costs, and pays, to live in a neighborhood with a highly ranked school district. It’s widely known and accepted that living in a highly ranked school district means paying premium prices for properties

The last decade as seen the rise of cash sales. Now some believe we’re seeing the fall. Over the last decade, the portion of all-cash sales has fluctuated wildly, largely on account of the initial expansion of the housing

Builder confidence has continued its recovery in September, according to new NAHB research. Homebuilders are clearly a happy bunch. According to the National Association of Home Builders’ latest Housing Market Index, which is the leading measure of confidence in the