Median time on market was way out of whack during the years of the downturn; has it finally turned the corner? Time on market has been among the most oft-watched measures of the housing recovery, and new numbers from

“If you are like me,” said MRED President and CEO Russ Bergeron, “you are getting tired of listening to the constant barrage of announcements on how multiple listing services (MLSs) are going to take control of listing syndication by

‘A Tale of Two Cities’ is often summoned when discussing Chicago, and the metaphor is particularly apt for the city’s housing market. Recent housing numbers out of Chicago have been very impressive. In January, for instance, median price in

Property values in Chicagoland continued to increase markedly in February, according to the latest numbers. Home values have been rising steadily in many metropolitan housing markets, but did that progress end in February? Take a look at our graph,

Prime Title, a new real estate title company located in Chicago, began operation on January 10. Founded by real estate industry expert Katy Thomas, Prime Title provides one-on-one title services for real estate attorneys, lenders, developers and brokers. Backed

Our fine metro area continued to make progress through its foreclosure inventory in 2013, according to new analysis. Foreclosure inventory in Chicagoland is down a whopping 38 percent year-over-year through January, according to the latest National Foreclosure Report from

Confidence remains strong among Chicagoland home sellers, with asking prices posting yet more increases in February. Asking prices in the Chicagoland housing market increased 14.2 percent year-over-year in February, according to the latest Price Monitor from Trulia. In addition,

Coldwell Banker Residential Brokerage recently announced its additions to its Wilmette and Hinsdale offices. Realtor Ben Kelly Ivory, who will be associating with the Wilmette office, is a Chicago native who is fluent in both Mandarin and Spanish. Ivory

Suburban firm, RE/MAX Ultimate Professionals have announced the total of eight sales associates that have joined both their Shorewood and Plainfield real estate offices. A full time Realtor for 13 years and now a part of the Plainfield office,

Conducted by the U.S Green Building Council or USGBC, the top ten states for LEED survey rank Illinois as the number one state to design, operate and construct the most sustainable buildings in 2013. “In the face of the

How had the negative equity situation, both at home and abroad, progressed the last few months? Nearly 79 percent of mortgaged properties in Chicagoland are in positive equity, according to the latest Equity Report from CoreLogic. That makes Chicagoland

Home prices continued their double-digit performance in January, according to the latest CoreLogic numbers. Home prices in the Chicagoland housing market rose 12.6 percent year-over-year in January, according to the latest Home Price Index (HPI) from CoreLogic. That exceeded

Though housing inventory was down in Chicago in February, there do seem to be signs of improvement. Housing inventory in the Chicago housing market fell 7.6 percent year-over-year in February, according to the latest State of the Market report

We all know that new construction has made steady progress the last couple years, but what’s its share of home sales? As we reported last week, new home sales remain historically low. Though they did hit their highest mark

The latest numbers from McGraw Hill Construction gave us insights to the nation’s new construction markets. New residential construction activity in Chicagoland increased slightly in January, with total construction spending increasing 1.0 percent from $130 million to $131 million,

Home sales in Chicagoland slowed a bit in January, but what individual markets performed the best? Home sales in the Chicagoland chilled a bit in January, falling 8.9 percent year-over-year. Behind that disappointing number, though, what housing markets performed