Demand for homes continues to grow as houses are selling faster than every before, according to Redfin. Typical homes went under contract in 40 days in April, 10 days faster than the previous year, making April Redfin’s fastest month on

Total household debt reached $12.73 trillion in the first quarter of 2017, which is above the 2008 peak before the housing market crash and economic downturn, according to new data from the Federal Reserve Bank of New York. However,

Masterplan community developers are looking to expand the amenities and conveniences offered to residents in order to bring in new buyers. According to John Burns Real Estate Consulting, there are three major features that developers are offering in their

More than nine out of 10 Chicago residents say they want to stay in the area for the foreseeable future, making its residents the most loyal of any city in the country, according to a recent report by Redfin.com. Redfin looked

  In a new report, Real Estate in a Digital Age, the National Association of Realtors offers insight into homebuyers’ technology usage habits. It’s a rare consumer who doesn’t incorporate technology into his or her homebuying pursuits – 95

  For today’s real estate agent, technology is indispensable in getting the job done quickly and efficiently. According to NAR’s recent 2017 Real Estate in a Digital Age report, agents and brokerage firms rely on a variety of tools

The current generation of 18-to-34-year-olds – otherwise known as Millennials — is more likely to be living with their parents than in any other living situation for the first time in 130 years, according to a recent study. Just over

  We’ve ranked the top-selling suburbs in Chicagoland in February 2017, using data provided by Redfin. Use the tabs to navigate between total home sales, single-family sales and condo/townhome sales: Total Home Sales Single-Family Home Sales Condo/Townhome Sales Suburb

  During the past year, total home equity held by households rose by 10.9 percent, or $1.317 trillion, to $13.349 trillion, according to the Federal Reserve Board’s fourth quarter of 2016 release of its Financial Accounts of the United States report.

  Which Illinois ZIP codes have the highest median sales price? Real estate research company PropertyShark recently ranked the 50 most expensive ZIP codes in Illinois. At the top of the list is Kenilworth’s 60043 ZIP code, with a median sales

Typically, the purchase of a new home would merit jubilation. But not among the more than 2,400 adults recently surveyed by NerdWallet, a personal finance website. Almost half the homeowners surveyed said they’d tackle buying in a different way if

Every year, Redfin polls recent and prospective homebuyers in an attempt to gauge how people’s views of the housing market have changed, or remained the same, from one year to the next. But this year is different. This year

Americans live much larger than they did 30 years ago, despite families being slightly smaller. But that doesn’t mean Americans want bigger homes. As a recent Trulia study showed, homeowners suffer from widespread “grass-is-always-greener” syndrome, in which small home

The median home price nationwide when President Donald Trump took office was $234,900, according to the National Association of Realtors. Apart from Trump, there have been eight presidents to hold office since NAR started compiling comprehensive home sales data

Housing segregation is a problem in every major U.S. city, including Chicago. How members of the real estate community, and particularly members of the Black real estate community in Chicago, can address that problem was front and center at

Illinois homeowners on average have more mortgage debt than borrowers in most other states, an analysis from Business Insider confirmed this month. How much debt exactly? According to data Business Insider obtained from Experian, $176,282 in 2016, making it