Trends

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Pending Home Sales Edge Up in November – Good Sign?

Pending home sales stabilized in November, but what does that tell us about the broader housing market? Pending home sales in November inched up 0.2 percent from October, according to the latest Pending Home Sales Index from the National

3 Possible Causes for Weaker Home Sales

Existing-home sales have been a bit weak the last couple of months; what are the reasons behind the decline? November was a rough month for existing-home sales. Not only were sales down 4.3 percent from October to November, but

3 Great Signs for Residential Housing Construction

Today’s report on construction spending was just the latest positive sign for the nation’s residential housing construction market. #82355313 / gettyimages.com The latest construction numbers came out today from the U.S. Census Bureau, and they were promising: at a seasonally

5 Important Details About the First-Time Homebuyer

First-time homebuyers play a big role in the housing market, but where are they in the scheme of the housing recovery? Twenty-eight percent – that was the share of first-time homebuyers in November, according to NAR’s latest existing-home sales

3 Trends to Keep an Eye on in 2014

What trends should you be on the lookout for in 2014? The housing market may have made considerable strides in 2013, but according to Trulia’s housing barometer, it still has some ways to go. Not only are existing-home sales

Chicago Home Prices Up 10.9% in October Case-Shiller

Though home prices slowed a bit in Chicago in October, they maintained strong yearly gains. Home prices in Chicago fell 0.5 percent from September to October, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Such

Top 10 Real Data Stats of 2013

Our annual Real Data issue features some of the most highly anticipated data in Chicagoland real estate, which not only provides realty professionals with important stats about the year but also helps with planning business for the ensuing year. Click

NAR: Existing-Home Sales Fall by Monthly, Yearly Marks in November

November was not the most stellar of months for existing-home sales, with a number of factors impacting the famed housing statistic. Existing-home sales declined by both monthly and yearly measures in November, according to the latest analysis by the

Inventory Concerns Limit Chicagoland Home Sales in November

Chicagoland’s housing markets were impaired in November by the area’s historically low supply of homes. Home sales in the Chicagoland area fell 1.3 percent year-over-year in November, ending a 29-month streak of positive growth, according to the latest numbers

10 Luxury Home Features That are Trending – And 10 That aren’t

What luxury home features are hot right now with homebuyers? And which ones are riding off into the sunset? What luxury amenities are most popular with consumers in today’s housing market? In a fascinating new study by Trulia, the

Housing Starts Up 29.6% in Nov. – Is There More to the Story?

Residential construction seems, on the surface, to have posted some extravagant numbers in November, but what does a deeper dig behind the data reveal? November was a roaring good month for home construction, with privately-owned housing started rising to

CoreLogic: Negative Equity in Chicagoland Down 38.4%

The nation’s negative equity situation remains inflated, but progress has definitely been made. Though negative equity remains high in Chicagoland, it has made quite a bit of progress in the last year, according to the latest Equity Report from

Builder Confidence Rises to 58 in December

Homebuilders continued to grow more confident with the housing market in December, according to the NAHB. Builder confidence in the market for newly built, single-family homes rose yet again in December, as more and more homebuilders liked what they

6 Housing Trends To Watch For in 2014: Is This The Year Of Recovery?

As the curtains close on 2013, the industry is squarely focused on the coming years, hoping for a full economic recovery. But is 2014 the year of the housing recovery, given the many years this sector has been beaten

North Shore Luxury Home Sales Increase

Luxury home sales have increased 22 percent so far on the North Shore this year, according to Crain’s Chicago Business. The North Shore-Barrington Association of Realtors (NSBAR) reported that a total of 197 homes have sold for at least

Foreclosure Starts at 95-Month Low in November

Are the foreclosure markets finally on the path to recovery, or will 2014 mark a resurgence? RealtyTrac had very positive news to report in its U.S. Foreclosure Market Report for November, which uncovered quite a few promising developments in

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