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

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

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

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

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

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;

What should you know about home sellers, heading into the 2015 housing market? Our last few stories on NAR’s 2014 Profile of Home Buyers and Sellers has focused on the buyer-side of the equation, but now we’re finally taking

New cash sales report says more of the same – we’re staying consistent. In September, cash sales increased slightly despite the autumnal slump, but remain at relatively low levels, according to a new report from CoreLogic. In recent months,

Of the many remodeling projects available to homeowners, which ones add the most value to homes in Chicagoland? One of the undeniable perks of homeownership is the opportunity to renovate your living space, to remodel and craft a residence that

With Fannie and Freddie’s new mortgage rules coming into effect, the industry questions the impact they’ll truly have. Earlier this month, new lending guidelines previously announced by Fannie Mae and Freddie Mac came into effect, and now the industry

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,