Trends

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Number of Women-Owned Real Estate Firms Soars

Women have always played an important role in real estate, and new numbers show their prominence has only grown. The number of women-owned firms in real estate has grown by 41.4 percent in the last 12 years according to

Distressed Home Sales Fall Dramatically in Illinois in 2014

The nation’s distressed housing market has improved quite a bit in the last year, and that progress is also clear here in Illinois. Distressed home sales in the U.S. have fallen from 17 percent of all existing-home sales to just

The Two Most Important Developments for Housing’s Growth

There are many important factors influencing housing today, but recent analysis suggests two will have an outsized effect on the industry. The future is good for housing. That was the conclusion of a recent analysis by Goldman Sachs, which

A Strong Fall Begets a Strong Spring

Despite a drop in interest in August, Redfin research shows an uptick in the presence of prospective buyers. In August, Redfin reported a market-wide drop in homes for sale and new listings that hampered the searches of perspective buyers.

The Secret to Housing’s Future – a New Kind of 15-Year Mortgage?

We often hear about how the nation’s mortgage markets need reform, but the solution could come from the most unexpected source. One of the most common refrains in the post-bubble housing market has involved lending standards, and that if

The Shadow Inventory: What You Need to Know

Though the elusive shadow inventory has dwindled, forthcoming changes to mortgage debt relief could lead to a swell in foreclosures over the next year. Trudging through the sludge of economic debris left over from the cataclysmic crisis that sent the U.S.

4 Important Facts About Hispanic Homebuyers in America

All research points to Hispanic consumers having an outsized effect on the U.S. housing market in the coming years. Hispanics are the fast-growing group of homebuyers in America, and they will hold significant sway over where our housing market

Strong Condo Market Drives Home Prices in Chicagoland

Asking prices once again showed positive movement in September, according to new stats from Trulia. A strong condo market propelled Chicagoland’s housing market to another month of positive asking-price increases in September, according to the latest Price Monitor by

Millennials Looking Up: A Positive Outlook on the Future of Homebuying

Research from Zillow finds millennial values toward homeownership may be more traditional than older generations. It’s no secret that as more millennials reach homebuying age they’re opting to remain renters in lieu of entering the market. However, despite what many

Chicago Among Nation’s Top 10 Luxury Housing Markets

A new ranking of the nation’s top luxury housing markets places Chicago among some esteemed marketplaces. Our beloved Chicago is one of the top luxury housing markets in the country, according to a new report from Coldwell Banker Previews. Check

CoreLogic: Home Price Gains Slow And It’s a Good Thing

While home prices continued increasing in August, their pace slowed. Here’s why it’s a good thing… While 2013 was a year of continued turmoil for the nation’s housing market, this year is proving to be the industry’s growing period,

CoreLogic: Foreclosure Rates Continue to Fall

CoreLogic report outlines the country’s foreclosure progress, and it looks promising. The national foreclosure inventory continues to dwindle. However, we’re more than five years removed and rates remain well above normal, pre-crisis levels, according CoreLogic’s most recent foreclosure report.

4 Reasons Builders are Building Bigger

Americans everywhere are tightening their belts, but still our houses are getting bigger. Why? Considering the realities of today’s housing market – that the empty nester population is growing and environmental sustainability is more and more dictating the direction

Number of Mortgages at a Six-Year High

A few weeks ago, the Federal Reserve released a bevy of mortgage data from 2013, and it came with a screaming good headline – the number of mortgages made to purchase homes in 2013 was 2.68 million, a six-year high

Chicagoland’s Rental Market Continues Strong Performance in 2014

Our city’s rental markets have performed quite well in recent years, and 2014 seems to be no exception. The average rent in Chicagoland in 2014’s third quarter was $1,110, a 1 percent increase from the second quarter and a

Average Down Payment in Chicagoland Nearly $50,000

How does the down payment in Chicagoland compare with other metro areas? According to analysis from LendingTree, the average down payment in Chicagoland is 16.28 percent of the mortgage, which comes out to $47,370. How does this compare with

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