We keep hearing that housing inventory has no where to go but up…but what factors will actually cause it to increase? “Housing inventory has bottomed.” “Housing inventory will recover.” “New homes will begin entering the marketplace.” Yeah, we remember

Everybody and their uncle knows that Millennials will be integral to the housing recovery, but what do they actually want in a house? The Millennial generation, which encompasses Americans born between the early ’80s and early 2000s, is the

Builder confidence had been on a tear through 2013, but it seems to have hit a road block in 2014. Builder confidence fell precipitously in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Has price per square foot continued its 2013 ascent in the New Year? Many things occurred in the housing market in 2013, but perhaps the most notable was the marked ascent in home prices and the price per square

Homebuilding in Chicagoland made major strides in 2013; what homebuilders were leading the charge? Chicagoland’s new-home marketplace made considerable strides in 2013. With 4,404 new home contracts signed, Chicagoland saw a 27.0 percent increase from 2012, according to analysis

With inventory low and showing no signs of improving, what can agents do to distinguish their clients? Chicago started out 2014 with another double-digit decline in housing inventory, and such low supply in a recovering housing market can only

Though new homes have seen, on average, very impressive sales increases since 2010, the specific gains have told a different story. We’ll start with the good news – after its worst years since record-keeping began in the ’60s, the

Housing affordability has fallen nationwide in the last year; what of here in Chicago? Housing affordability in the Chicagoland housing market fell 8.7 percent in 2013, according to newly released data by the National Association of Realtors. From 2012

Chicago’s housing inventory blues have not improved much with the New Year. Chicagoland’s housing market has distinguished itself from other national markets in several ways the past few months; unfortunately, the area’s rapidly declining housing inventory has been one

Midwest Real Estate Data (MRED) started tracking agents’ mobile usage of its MRED app in March 2011. Every year, mobile use, according to MRED, proceeds in a bell curve; there is lower mobile use at the beginning of the

Chicagoland’s housing market continued to grow in confidence in January. Asking prices in the Chicagoland housing market increased 15.8 percent year-over-year in January, according to the latest Price Monitor from real estate website Trulia. That was the fourth strongest

Chicagoland’s housing market showed some definite positivity in 2013, according to CoreLogic. Home prices in the Chicagoland marketplace rose 12.5 percent in 2013, according to the latest CoreLogic Home Price Index. That was the fifth strongest yearly increase of

Last year proved a very positive one for residential new construction, according to the final Census Bureau numbers. Residential construction spending finished out 2013 at a very fine $352.6 billion, according to the final number crunching by the U.S.

When it comes to the housing market, Chicago remains a tale of two cities. It’s no mystery that when it comes to home sales, home prices and foreclosure rates, Chicago is very much a tale of two cities, but

Has Chicago’s housing market picked up any steam in the last year, or is it moving sideways? We’ve been reporting with marked regularity on how the nation’s housing market has slowed down, but is that trend consistent here in

Housing inventory is something we follow pretty closely, and realtor.com’s latest numbers suggest quite a bit about the current housing market. Oh housing inventory, how we love you. One of the major narratives of the housing recovery, it seems