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No industry was more affected by the housing slump than construction, but 10 markets in the U.S. have robust construction markets; is Chicago one of them? Though nearly every industry in the U.S. was impacted by the economic downturn,
Standard & Poor’s Case-Shiller Home Price Indices put up smashing numbers in April, and here in Chicago, the situation was similarly promising. Chicago home prices rose 2.7 percent from March to April in the latest Case-Shiller Home Price Indices
NAR’s existing-home sales report for May, which came out last week, offered a very interesting glimpse at where housing is right now in its recovery. Last week’s existing-home sales report from the National Association of Realtors was a smorgasbord
According to Best Rate Home Loans, many metro areas, including Chicago, Miami and Boston, are outweighing the national market in their offerings of discounts on foreclosed homes. This comes at a time when the economy and housing market are returning
International homebuyers represent a huge opportunity for real estate agents today, though some cities appeal to foreigners more than others. It’s no mystery that foreign homebuyers make up a hefty chunk of business for many real estate professionals today.
Though NAR’s latest existing-home sales report was, for all intents and purposes, quite positive, it reaffirmed that problems lie with inventory and prices. The latest existing-home sales report from the National Association of Realtors (NAR) was quite positive, with
May was a very strong month of real estate for the city of Chicago, with both home sales and home prices posting great gains. Home sales in the nine-county Chicago Primary Metropolitan Statistical Area rose 29.3 percent in May year-over-year
May was another sterling month for new construction, with housing starts rising by nearly 30 percent from the year before. The U.S.’ new construction marketplace continued to recover in May, with housing starts rising 28.6 percent year-over-year to a
The National Association of Home Builders’ Housing Market Index hit a major milestone in June, passing the holy 50 threshold. June was a banner month for homebuilders, with the National Association of Home Builders’ Housing Market Index, the key
Housing inventory seems to be picking up on the national stage, but what about specific metro areas, like our beloved Chicago? The nation’s housing inventory has been one of the most hotly followed aspects of the housing market in
The latest Mortgage Marvel survey revealed that young Americans are interested in homebuying this year, and men are more likely to show interest than women. Even though mortgage rates increasing, it is not stopping young Americans from expressing an
Mortgage rates may have increased by 0.5 percentage points percent in the past month, but buying a home is still less expensive than renting. Even though there has been a recent increase in mortgage rates (the 30-year fixed rate over
The negative equity situation continued to improve by wide margins in the U.S. housing market, according to CoreLogic’s latest research. The U.S. housing market’s equity situation continued to improve in 2013’s first quarter, with roughly 850,000 homes returning to
Though some headlines on rising mortgage rates have bared apocalyptic overtones, the housing market has some room to spare on rate increases. Mortgage have ticked up in recent weeks, and already, the doomsday headlines (many of them broadcasting the
Things are looking up in the Windy City, with Chicago being added to the NAHB’s prestigious Improving Markets Index. The National Association of Homebuilders’ Improving Markets Index increased to 263 markets in June, and one of the newest cities
Fannie Mae finds that though renters are satisfied with their home arrangements, many still hope to achieve homeownership. Owning versus renting is one of the more common debates in real estate, and the latest research from Fannie Mae delved