Mayor Rahm Emanuel and Third Ward Alderman Pat Dowell last month announced a “Parade of Homes” initiative that promises to expand Bronzeville’s single-family home options and complement the commercial development already happening in the neighborhood. Emanuel describes the effort

Buying a home in Chicago is a great deal – so long as the owner stays in it for at least two years. That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner

The most consequential question facing the housing industry today is: Are we approaching a correction? National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job

Builders need to build – a ubiquitous sentiment throughout the country, and what some experts believe is the solution to widespread inventory shortages. Two new stats suggest that may be exactly what’s going to happen in 2017. The first stat

Understanding buyers is going to be especially important this year – interest rates and prices are rising, inventory shortages remain commonplace throughout the U.S., and our housing market is now operating under a president promising a broad spectrum of

On Thursday, Jan. 26, the International Blockchain Real Estate Association (IBREA) hosted a meeting at the second floor of the NAR building on Michigan Avenue, all centered around a burgeoning technology called “blockchain.” The program’s host, John Mirkovic, an IBREA representative and

Homebuilders across the nation faced crippling labor shortages in 2016; in fact, it was the biggest problem they faced all year. Don’t expect anything to change in 2017. Eighty-two percent of builders say the No. 1 problem they expect

See our chart below for the top-selling neighborhood housing markets in Chicago in all of 2016, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. When possible, we have also

The Chicagoland new construction market concluded 2016 in spectacular fashion, according to research from Dodge Data & Analytics. In December, Chicagoland saw more than $452 million in total residential construction spending, which is a 34 percent increase from Nov. 2015. Moreover, year-to-date construction

See our chart below for the top-selling suburban housing markets in Chicagoland in all of 2016, according to research from Redfin. To adjust between total home sales and the single-family/condo markets, click on the tabs. When possible, we have also

How did the Chicagoland housing market fare in 2016? Did the market grow, or contract? Did sales rise, or fall? Is inventory still a problem? To find out the answers to those questions and more, we consulted the latest

Understanding buyers is going to be especially important this year – interest rates and prices are rising, inventory shortages remain commonplace throughout the U.S., and our housing market is now operating under a president promising a broad spectrum of

Do you work in the Downtown Oak Lawn, Woodlawn, or Belmont Gardens housing markets? If so, 2017 may prove to be a busy year. According to the new “Hottest Neighborhoods” rankings from Redfin, those three neighborhoods will see the most

Taylor Morrison Home Corporation is once again the most trusted homebuilder in America, according to Lifestory Research’s 2017 Home Builder Study. Polling the opinions of more than 31,000 active home shoppers, Lifestory Research’s survey, now in its fifth year,

The Chicagoland metro area offers housing investors the sixth-highest yields in the nation, according to a new study from HomeUnion. Basing its research on single-family rental yields, HomeUnion predicts that Chicagoland’s yields will be 7.5 percent, which spots it

On the surface, things look pretty swell for the Chicagoland housing market: home sales are up 4.8 percent; median sales price has risen even more, jumping 6.7 percent; time on market is down nearly 12 percent; and both foreclosure