Trends

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Chicago Home Prices Up Yearly, Down Monthly in February Case-Shiller

Chicago posted year-over-year increases in the February Case-Shiller, and though monthly prices were down, they mirrored prices in eight other major cities. There was good news and bad news for Chicago home prices in the latest Case-Shiller report from

Inventory in Chicago Neighborhoods Down 83 Percent Since 2011

The shortage of good housing inventory in Chicago is hardly news, but the extent of the decline for some neighborhoods is still quite surprising. News flash! Housing inventory in Chicago, as with most of the nation’s other major housing

Pending Home Sales Index Affected by Low Housing Inventory

Though March’s Pending Home Sales Index from NAR was a positive one, it suggests the low housing inventory levels are affecting home sales at the contract level as well. Pending home sales rose by both monthly and yearly measures

Student Loans Dissuading Consumers from Homebuying

A study conducted by the Federal Reserve Bank of New York says homebuyers with student loans are less likely to take out mortgages than their counterparts. Student loan debt is big; in fact, it would be more accurate to

Multifamily Construction Rolls Along in March ABI

Multifamily developments were, once again, the most in-demand for architectural services, as more and more builders capitalize on rental demand. Multifamily developments once again prevailed in the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA), as

How Do Bank-Owned Properties in Chicago Compare to Non-Bank Owned?

How does Chicago’s bank-owned real estate compare with its non-banked owned? And how have those numbers changed in the last year? In the latest Real Estate Market Report from Zillow, which analyzed housing data for 2013’s first quarter, Chicago

Mortgage Delinquencies at Lowest Level Since 2008

A new Lender Processing Services study indicates that mortgage delinquencies and foreclosures are moving in the right direction The amount of mortgage delinquencies that were behind in their payments or in foreclosure is at its lowest level since 2008,

What Cities Do Foreign Homebuyers Want to Live in Most?

With the Internet, foreign homebuyers have never had it easier buying property in the U.S. But what cities do they favor the most? It was Thomas Friedman who famously stated that “the world was flat,” and his statement applies

Is Homeownership Still Integral to the American Dream?

Homeownership is often pegged as the ultimately realization of the “American Dream,” but a new study from the MacArthur Foundation finds consumers may not agree with that sentiment. The housing crisis changed many things in the housing market –

New Home Sales Jump 18.5 Percent in March

March was another solid month for newly built residential home sales, as the new construction market bounced back from a disappointing February. After a disappointing February, the sales of new single-family homes returned to form in March, with sales

NMHC Survey: Apartment Markets Improve Across the Nation

Apartment markets improved nationwide, according to a recent NMHC survey. All four indexes of the survey were above 50, indicating improving conditions. Apartment markets have improved across the nation, according to the National Multi Housing Council’s (NMHC) April Quarterly

Chicagoland Home Sales Up 18.1 Percent in March

The real estate markets in Chicagoland were nothing but positive in March, posting their strongest numbers in five years. Home sales in the nine-county Chicago Primary Metropolitan Statistical Area rose 18.1 percent year-over-year in March, totaling 7,914, while the median

Limited Inventory Causes March Existing-Home Sales to Decrease

NAR’s latest survey found that existing-home sales decreased in March due to limited inventory, which continued to pressure home prices. Existing-home sales decreased in March due to limited inventory, which continued to pressure home prices, according to the latest

Smoking Damages a Property’s Value by 29 Percent

A new study by Pfizer Canada has uncovered the true cost of smoking – its monetary damages to your real estate listings! Anti-smoking campaigns typically focus on the negative health effects of tobacco, but a new study by Pfizer

April Mortgage Activity At Highest Level Since 2010

The mortgage markets have been on a bumpy ride the last five years; are the latest numbers from the Mortgage Bankers Association, though, a positive sign? Mortgage applications rose 4.8 percent last week to their highest level since May

What Do Owners & Renters Most Regret About their Living Arrangements?

Inevitably, there will be some aspect of one’s living arrangements to regret, but how do the regrets of owners and renters compare? It’s the most unfortunate of situations – a consumer spends the time researching a home purchase or

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