Trends

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Chicagoland Home Prices Continue Ascent in Case-Shiller

April was another strong month for local home prices, according to the latest statistical wizardry of the Case-Shiller. #149906951 / gettyimages.com Home prices in the Chicagoland area posted another strong month of returns in April, rising 2.0 percent from

MRED Report Reveals How Chicagoland Did in May

With home prices and new listings on the rise, Chicagoland is continuing along its lengthy path towards recovery. #495404109 / gettyimages.com A new report compiled by Midwest Real Estate Data, published early Monday morning, marked another step in the

5 Eye-Opening Stats on How Referrals Truly Work

We all think we have a handle on how real estate referrals function, but the following stats are still eye popping. #151910629 / gettyimages.com Everyone and their uncle knows that referrals for the bedrock of any flourishing real estate

Low Downpayments are Much More Common Than You Think

We’re conditioned to think that downpayments lower than 20 percent are in scant supply, but the data doesn’t bare that out. #96161922 / gettyimages.com It’s the peanut butter and jelly of today’s mortgage markets – not only do lending

Builder Confidence Regains its Footing in June

After a few months of fluctuations, it appears builder confidence has regained its, well, confidence! #103724088 / gettyimages.com Builder confidence for the single-family new construction home marketplace rose four points in June to reach a level of 49, according

How Will Illinois’ Real Estate Market Look 4 Years From Now?

National real estate job prospects are expected to grow over the next eight years, but it is a much different story in Illinois. According to data provided by the U.S. Bureau of Labor Statistics, the real estate industry, particularly

The 7 Important Things to Know about Residential Construction

The Census Bureau’s new data on residential construction is out, but as always, we’re here to report on what lies between the lines. #482869355 / gettyimages.com Housing starts in the month of May reached a seasonally adjusted annual rate

NAR Report: What Do Job Growth and Construction Have in Common

A new report finds that construction is failing to meet the explosive level of job growth in many areas throughout the country; though, what that means is up for debate. #102853195 / gettyimages.com Earlier this month, the Department of

How Damaging, Really, Was 2013’s Mortgage Rate Increase?

Everyone knows that mortgage rates increased in a sudden, dramatic fashion in 2013, but how did that increase end up impacting housing? #98476417 / gettyimages.com It was the most dramatic story to hit housing since the downturn: on May

Is Chicagoland’s Inventory Heading Towards a Surplus?

New State of the Real Estate Market from Movoto highlights significant gains in inventory throughout the country, but not every metro was so lucky. #92418005 / gettyimages.com It’s been a good year for the Windy City and things are

Chicago Boasts Highest Price Per Square Foot Increases in Nation

May was another banner month on the price per square foot front, according to the latest numbers from Movoto. #152405650 / gettyimages.com Price per square foot in the Chicagoland housing market rose an incredible 27.6 percent year-over-year in May,

The 3 Things that Could Hold Housing Back in 2014

The housing market has made considerable strides in the last few years, but what could hold it back from a true recovery? #173807241 / gettyimages.com There are many uncertainties in this world, but here’s something we can be fairly

Regulators Close to Chucking 20% Downpayment Requirement

The 20 percent downpayment in the Dodd-Frank bill proved quite controversial, but it’s looking like it will not become a reality. #112781338 / gettyimages.com A newly announced compromise between the SEC and federal regulators will likely result in the

CoreLogic Report: Chicagoland Home Prices Rise, Pace Slows

New report finds home prices on the rise all throughout the nation – How did we do? #184395627 / gettyimages.com A new report from CoreLogic, released earlier this month, revealed that home prices in Chicagoland are continuing to ebb their way

The Serious Delinquency Roller Coaster Ride

We keep hearing that the nation’s serious delinquency rate has fallen, but what does its overall trajectory look like? #a0071-000153 / gettyimages.com The other week, news broke that the nation’s serious delinquency rate, as measured by Fannie Mae, fell

The 3 Things You Should Know About Student Loan Debt

Student debt is back in the news this week; as real estate agents, what details should you know? #107831987 / gettyimages.com Thanks to President Obama, the student debt crisis is back in the news, and once again, the numbers

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