Trends

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Housing Inventory Not in Favor of First-Time Homebuyers

Though overall housing inventory is showing signs of recovery, it’s not progressing in a way that helps first-time homebuyers. According to the National Association of Realtors, 2014 has been a very good year for housing inventory. After falling precariously

How Much is $1 Million, Really?

$1 million is a hefty chunk of change, but new data shows that it goes much farther in some metro areas than in others. #150799741 / gettyimages.com How much is $1 million, in the grand scheme of things? According

CoreLogic Report Examines Growing Home Prices

Home prices continue rising, CoreLogic finds, but the geographic drivers of the increases may be shifting. #182173485 / gettyimages.com Home prices continued to show signs of improvement in July, according to the latest Home Price Index report from CoreLogic. Nationwide,

5 Reasons We Could See the Strongest Autumn Selling Season Since 2008

Autumn has traditionally been a slow selling season, but Redfin analysis suggests that may not be the case in 2014. #dv520008 / gettyimages.com It’s a seasonal trend as tried and true as any in American business – the strong

Census Bureau: Residential Construction Flat in July

Residential construction was basically flat in July, though it remains ahead of 2013’s pace. #175431498 / gettyimages.com Residential construction spending through July was at a seasonally adjust annual rate of $358.1 billion, a 0.7 percent increase from June, according

Negative Equity Heavily Concentrated in Lower Price Points

Negative equity persists in today’s housing market, but its impacts are not equally felt in every price point. #471456425 / gettyimages.com Earlier this week, we reported on new findings by Zillow that a whopping 42.6 percent of Generation X

Residential Construction Recovers Strongly in Chicagoland in July

Construction spending has been up and down in Chicagoland in 2014, but it bounced back in a major way in July. #175937445 / gettyimages.com Residential construction spending in the Chicagoland region totaled $422 million in July 2014, a remarkable

July Pending Home Sales Offer Pleasant Surprise

Pending home sales rose for the fourth time in five months, according to the National Association of Realtors. #143058853 / gettyimages.com Pending home sales rebounded in July, rising 3.3 percent from June according to the latest data from the

The Limitations of $1 Million in International Real Estate

$1 million sure goes much farther in our local housing market! #200433899-001 / gettyimages.com In our housing market, as well as scores of others across the U.S., $1 million is a hefty sum of money, one that awards potential

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,

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