Trends

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What Were Chicagoland’s 10 Busiest Suburban Housing Markets in 2013?

2013 was a great year for real estate in Chicagoland, but what suburban marketplaces put up the best numbers? The year of 2013 was a great one for Chicagoland real estate, with home sales rising 23.0 percent and median

Chicago 9th Most Popular Market for Foreign Homebuyers

Foreign homebuyers have been one of the more interesting developments in U.S. real estate in recent years, especially here at home. Chicago was the ninth most popular real estate market for international homebuyers in Nov. 2013, according to analysis

What Salary is Needed to Buy a Home in Chicago?

How affordable is our city’s housing market, when we view the topic from a salary-centric perspective? With nationwide interest rates on the rise and home prices jumping aggressively in certain marketplaces, housing affordability has once again become a hot-button

Chicagoland Home Sales Spike 23.0% in 2013

Last year proved a very important one for Chicagoland real estate, according to end-of-year analysis by IAR. Home sales in the nine-county Chicagoland area rose 23.0 percent in 2013 over 2012 to a total of 111,427 sales, according to

RealtyTrac: Chicago Foreclosure Filings Down 20% in December

Chicago continues to make progress with its foreclosure markets, according to new analysis by RealtyTrac. In December, foreclosure filings in Chicago were down 20 percent year-over-year, though they were up 22 percent from November, according to the latest numbers

6 Nuances to the Latest New Construction Numbers

The year of 2013 was a promising one for new residential construction, though there remains considerable room for improvement. We’ll start with the good news: housing starts in the U.S. were up 18.3 percent year-over-year in 2013 and building

NAHB: Builder Confidence Dips Slightly in January

Homebuilder confidence declined a smidgen in January, though it remained in positive territory. Builder confidence for the newly built, single-family home market declined a single point from 57 to 56 in January, according to the latest Housing Market Index

How Have the Cost & Price of New Homes Changed?

The costs and prices of newly built single-family homes are hardly static, the data shows. Last week, we reported that a newly built single-family home in 2013 cost $399,532 to homebuyers, and we looked at the seven components of

Movoto: Chicago Housing Inventory Down 11.5% in 2013

Housing inventory in Chicagoland continued it’s descent, according to the latest analysis. Though housing inventory remains low by historical standards, 2013 was the turning point, the year that inventory bottomed and housing marched forward into positive territory. At least,

What Percentage of Real Estate Agents are Homeowners?

Real estate agents may sell housing for a living, but how many of them are actually homeowners in their own right? Real estate agents argue on a daily basis for the merits of homeownership, but how many of those

Property Values in Chicago Spike 11.2% in 2013

We all know that home prices are on the rise, but what about property values and price per square foot? Earlier this week, we reported rather optimistically on home prices, and for good reason – according to the latest

What Percentage of Chicagoland’s Home Sales are All-Cash?

All-cash sales have become increasingly prevalent in the post-boom marketplace, but how common are they here in our metro area? All-cash financing has become one of the most notable developments of the post-boom housing markets, with homes being purchased

CoreLogic: Foreclosure Inventory in Chicago Down 37%

The nation’s foreclosure marketplace continued to improve, according to the latest analysis from CoreLogic. Chicagoland continues to make progress with its foreclosure marketplace, according to the latest National Foreclosure Report from CoreLogic. Covering housing data through Nov. 2013, CoreLogic’s

Trulia: Asking Prices in Chicago Rise 17.4% in 2013

Chicago capped off an encouraging year of real estate in 2013 with Trulia’s latest Price and Rent Monitors. Asking prices in Chicago ended 2013 on a high note, according to the latest Price Monitor from real estate website Trulia,

Rents in Chicago Increase 2.9% in Fourth Quarter

The rental markets have been surging in recent years, but did that stellar performance continue into 2013’s fourth quarter? Reis Senior Economist Ryan Severino put it best in comments accompanying the firm’s Q4 2013 Trends report for the nation’s

The 7 Elements of a New Single-Family Home’s Price

We all know that many things go into building a home, but how much do they actually contribute to the home’s listing price? Profit. Land. Construction. Commission. Oh yes, we’re talking single-family home construction. The National Association of Home

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