Trends

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The 4 Big Challenges Housing Faces in the Coming Years

Housing has made definite progress the last couple of years, but what hurdles remain for the industry? #488933561 / gettyimages.com There’s little doubt that the U.S. housing market has made notable improvements in recent years. For instance, delinquent mortgages

CoreLogic: How Many Foreclosures Has Chicagoland Completed?

The nation continues to improve, clearing out thousands of foreclosures each month, but some states and cities are doing better than others. In May, the national foreclosure inventory continued its 31 consecutive months of year-over-year declines, dropping 4.8 percent,

BMO Harris’ Housing Confidence Report Shows Heightened Optimism Despite Potential Purchasing Setbacks

BMO Harris Bank recently released its Bank Housing Confidence Report with results proving heightened certainty in today’s housing market. The study reported that 53 percent of Illinois residents plan to purchase a home in the next five years and

REO Wars, Episode V: The Empire Strikes Back?

REO listings have been on a steady decline for some time, but have they reverse course in 2014? #101057102 / gettyimages.com The decline of distressed home sales has been one of the great success stories of the housing recovery.

Zillow Report: Dwindling All Cash Purchases Helping to Stabilize

Cash is still king, but for how much longer? New Zillow report reveals dwindling all cash purchases in many metro areas. When the housing bubble collapsed in 2007 and home prices plummeted, forward-thinking investors seized an opportunity to snatch

The 10 Top-Selling Neighborhoods in Chicago

What neighborhoods in Chicago generated the most sales activity? #103622920 / gettyimages.com We recently reported on what Chicagoland suburbs saw the most home sales in May, and thanks to the Chicago Association of Realtors, we now have similar data

Chicago Asking Price Increases Among Nation’s Strongest in June

The good news train continued rolling in June with the release of Trulia’s latest Price Monitor. #475618395 / gettyimages.com Asking prices in the Chicagoland area rose a hefty 13.8 percent year-over-year in June, according to the latest Price Monitor

Vast Majority of Millennials Still Aspire to Homeownership

Millennials have been missing in action thus far in the housing recovery, but a new survey suggests that the future holds good things. #163372008 / gettyimages.com The housing market may have shown an encouraging blast of activity in 2013,

Foreign Interest in Chicagoland Housing Relatively Low

Though foreign interest in U.S. real estate remains high, it’s much stronger in certain metro areas than here at home. #157066422 / gettyimages.com International homebuyers have been one of the major narratives of the post-bubble housing market here in

Balanced Market or Second Bubble: Where Are We Heading?

The housing of bubble of 2006 has long since popped, but some industry professional still argue a second is on the way. Where does our city stand? Every quarter, Trulia updates its Bubble Watch, which monitors home prices, determining whether

The 4 Big Things That Will Shape Housing in the Coming Years

The post-bubble housing market have many moving parts, but what components will have a lasting impact on its future? #178684401 / gettyimages.com Many things go into a housing market – so many, in fact, that it can prove dizzying

Bubble Watch: Trulia’s “Housing Barometer” Heralds Good News

The market continues its ascent to a full recovery, but one thing in particular is standing it its way, according to Trulia’s latest Housing Barometer. #85739476 / gettyimages.com For more than two years now, Trulia has charted the recovery

Don’t Believe the Hype – Baby Boomers Ain’t Downsizing Yet

We keep anticipating a wave of downsizings from the nation’s Baby Boomers, but the data does not bare out such a shift. #182110608 / gettyimages.com Baby Boomers are the grand representatives of single-family suburban homes, and analysts and real estate

Reis: Chicagoland Rents Just Keep on Increasing

The rental markets have been on a steady rise since 2009, but did that continue into 2014’s second quarter? In a word, yes! #88900792 / gettyimages.com The rental market in the Chicagoland area continued its ascent in 2014’s second quarter,

Residential Construction in Chicago Stumbles in May

Residential construction markets were a bit inconsistent in May, though the news was not all bad. #104316676 / gettyimages.com Residential construction in Chicago declined a bit in May, falling 9 percent year-over-year to $238 million, according to the latest

CoreLogic Report: How Home Prices Did In May

Home prices are on the rise, according to a new report from CoreLogic. But what do those gains mean for the industry? #135385164 / gettyimages.com National home prices again rose in May, marking the 27th consecutive month of year-over-year

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