Trends

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3 Important Trends To Follow For the 2015 Housing Market

What should be on your horizon, as the 2015 housing market begins to take shape? The 2015 housing market is nearly upon us, and to help you prepare in your business, we’ve described below three of the big trends

Latest Case-Shiller Reports Balanced Home Prices in the Windy City

S&P’s newest Case-Shiller report revels a slow climb towards balance and a strong end to 2014. It was another month of balance for the Windy City, according to the newest Case-Shiller Home Price Indices from Standard & Poor’s. Chicago

High-End Condo Sales Highlight Division in Chicagoland Market

Chicagoland’s luxury market is on the rise. But how does that bode for the rest of the industry? The story of Chicago over the last 12 months can be summed up in a single word: bifurcation. Though the market

The Top-Selling Neighborhoods in Chicago

Yet again, Chicago’s Near North Side neighborhood triumphed. Last week, we reported that Aurora was the place to be for home sales in Chicago’s suburbs in November, and now, in a follow-up report using the same information from Redfin, we’ve found

Special Report: The Problem of Negative Equity in Chicagoland is Far From Over

Negative equity may be down in Chicagoland, but that doesn’t mean that it’s no longer a problem. Last week, we reported a much-needed dosage of good news – that after peaking a few years back, negative equity in Chicagoland has

The Top-Selling Suburbs in Chicagoland

These were Chicagoland’s top-selling suburbs, according to the latest data November was a good month to be an agent in Aurora – according to numbers that Redfin provided us, the town was not only the top-selling Chicago suburb last

5 Important Stats in Today’s New Home Sales Report

The latest new home sales report is out, but what details of that report should you keep in mind for your business? The latest Census Bureau report on new construction dropped this morning, and it concerns the home sale

Good News For Chicagoland – Congress Extends Mortgage Forgiveness Debt Act

Hey! Congress did something good! Here’s a great piece of news for the holiday season – in a refreshing act of bipartisanship, the Senate approved a measure 76-16 this week to extend the Mortgage Debt Forgiveness Act (MFA) through 2015;

Chicagoland Housing Market Continues Balancing Act in November

Numbers may have been down in Chicagoland’s housing market in November, but it all is part of a larger plan. Home sales in the nine-county Chicagoland area were down 8.8 percent year-over-year in November, while median sales price was up

November Marks a Month of Decline, But Promise

As the temperature falls, so have existing-home sales, but numbers still indicate a slow return to normalcy. The market peaked for 2014 in October, according to the National Association of Realtors recently released existing-home sales report. In November, existing-home

The Fed Will Not Be Raising Rates Soon…We Think

The Fed’s language on interest rates changed at its last meeting, throwing into question its future policies. It’s the big question on everyone’s mind – when will the Federal Reserve decide to raise interest rates? Indeed, there are few

Negative Equity in Chicagoland Plummets by 38.5%

The negative equity situation in Chicagoland has improved markedly, according to new research by Zillow. Here is some encouraging news for you to end the week with – here in the Chicagoland area, the share of mortgage properties in

Special Report: ‘Builder Confidence’ Numbers Still Inconsistent With Construction Numbers

Builder confidence remains high while home construction continues to trod along – what gives? Builder confidence this month fell just one point, according to the latest Housing Market Index from the National Association of Home Builders. Finishing up 2014

Bad News For Millennial Homeownership – Young American Wages are Plummeting

We all want to think that an explosion is pending in Millennial homeownership, but the numbers to justify that are hardly cooperating. The last few months, we’ve reported consistently that the big problem facing housing (as well as the

5 Things to Consider About the ‘Disappointing’ New Construction Report

The headlines have been merciless regarding the latest new construction report, but was it truly that bad? We’ve seen the headlines too, and on the surface, they’re not pretty – per the latest numbers from the Census Bureau, housing

Mortgages in Chicagoland Twice as Affordable as Rents in 2014

Everyone knows that mortgages and rents have ran in opposing directions, but the numbers are still jaw-dropping. For some time, we’ve been hearing two independent narratives in housing: one, that mortgage rates and payments were at an all-time low;

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