Trends

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New Report Talks Chicagoland Affordability

The U.S. housing market has been in recovery mode the last two years, and despite gains, some areas remain in dire straights. #sb10064219d-001 / gettyimages.com If the real estate industry can be thought of as its own world, then

Falling Foreclosure Rates Represent A Housing Market That’s Bouncing Back

New CoreLogic report finds that even though foreclosures are still around, their presence is much less pronounced. #200146144-001 / gettyimages.com In 2013, foreclosures were at the epicenter of the housing conversation. However, after a year of tirelessly closing short

Chicagoland Residential Construction Still Down Substantially From Historical Norms

Though our marketplace has traversed quite the terrain since 2008, new data shows that it still has quite a bit of ground to cover. #79395361 / gettyimages.com We report quite regularly on building permits at the national level, but

Generation X Still Racked by Underwater Mortgages

Though the U.S. has cleared through millions of underwater mortgages, a shocking number of Gen X mortgage holders are still underwater. #115181433 / gettyimages.com Seventeen percent of the nation’s homeowners – aka 8.7 million – are still underwater on

Housing Affordability Returning to Earth

Housing affordability has been one of the key marketing tools in an agent’s arsenal, but that could be changing soon. #200336957-001 / gettyimages.com During housing’s down years, agents had a couple of marvelous talking points to use with potential homebuyers

3 Easy Steps To Help Maximize Your Social Media Presence

Social media is quickly becoming the preferred marketing method for many, and with good reason. Here are 3 steps to help you boost its effectiveness. #150415588 / gettyimages.com In the past several years, the influence of the Internet has grown

Chicagoland Home Prices Second Best in Nation in Case-Shiller

Home prices in the Chicagoland region posted excellent returns in the latest Case-Shiller. #182145590 / gettyimages.com Home prices in the Chicagoland metro area rose 1.4 percent from May to June, coupled with a 6.6 percent increase from June 2013,

5 Points to Help Explain Dwindling Homeownership Rates in Young Professionals

Homeownership rates in young adults have been dwindling, and Fannie Mae takes a stab at explaining why. #151910629 / gettyimages.com Homeownership is on the decline. And though it is a trickling decline and might, at some point in the future,

The 4 Angles of Today’s New Home Sales Report

New home sales were down monthly and up yearly, but the story is so much deeper than that. #160457704 / gettyimages.com By now you’ve surely seen the headlines – though new home sales in July were up 12.3 percent

Chicago’s Top 10 Selling Neighborhoods

What neighborhoods in Chicago saw the most home sales in July? #169803608 / gettyimages.com Last week, we reported on the top-selling suburban housing markets in Chicagoland, and this week, we’re applying the same statistical razor to Chicago’s neighborhoods. Armed

The Secret Life of Existing-Home Sales

July’s existing-home sales data looked pretty positive, but scratching beneath the surface reveals a different perspective. #76038116 / gettyimages.com It all seems so nice – in July, existing-home sales rose 2.4 percent from June to a seasonally adjusted annual rate

Chicagoland’s Top 10 Selling Suburban Housing Markets

What suburban housing markets in Chicagoland saw the most home sales in July? #6042-001522 / gettyimages.com Yesterday, we reported that home sales in the Chicagoland area, including both the city proper and the surrounding suburbs, saw sales fall from

Builder Confidence Jumps to Highest Mark Since January

Despite numbers that would imply the contrary, homebuilder confidence continued to increase this month. #82355278 / gettyimages.com Builders were a mighty confident bunch this month, with the NAHB’s Housing Market Index, the industry’s leading measure of homebuilder confidence, rising

Existing-Home Sales Pace Hits Its Stride, Reaches 2014 Peak

NAR’s new existing home-sales report shows the sales pace quickening, inventory rising and distressed sales falling. #180585625 / gettyimages.com As summer temperatures hit their peak in July, so did existing-home sales, which, as the National Association of Realtors today

This is How Important Government Financing is For First-Time Homebuyers

Simply put, without government guarantees, the percentage of first-time homebuyers would be even smaller than it already is. #181215771 / gettyimages.com In June of this year, only 28 percent of existing-home sales went to first-time homebuyers, a historically low

IAR: Chicagoland’s July Housing Market a Familiar Sight

Stop us if you’ve heard this one before: sales were down and prices were up in the Chicagoland housing market. #479876685 / gettyimages.com The July housing market in Chicagoland offered yet another chapter to the 2014 storybook of falling sales

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