What income is necessary to afford the typical house in Chicago? And how do those requirements compare with other major metro areas? “Housing affordability” is a term that gets thrown around quite a bit nowadays, and for good reason;

The site of the stalled Chicago Spire condominium property shows promise of coming back to life, receiving several bids from developers. As the housing market recovers, developers are placing bids on the site of the former Chicago Spire condominium

Is it still tough to get a mortgage? New numbers from the Federal Reserve offer an enlightening perspective on the issue. It’s the question on everyone’s mind, now that the housing market is on a slow, sustainable path to

Broker associates at Buffalo Grove’s RE/MAX Experts received special recognition from the RE/MAX Northern Illinois region for their sales success in 2012. Specific agents of the RE/MAX Experts team were offered membership to one of five honorary clubs, each

For the second straight year, both the income and business activity for Realtors increased in 2012, with incomes jumping by 25 percent. 2012 was a good year for Realtors, with both business activity and income up for the second

The news was relatively good for Illinois’ foreclosure markets in April, with foreclosure activity down by double-digit amounts. RealtyTrac’s U.S. Foreclosure Market Report for April was relatively kind to Illinois, showing the state’s foreclosure markets to be improving. Overall foreclosure

American consumers are growing more and more confident with the housing recovery, according to Fannie Mae’s latest National Housing Survey. More than half of American consumers expect home prices to rise within the next year, according to the latest

Chicago real estate firm @properties announced that, for the second consecutive year, company co-founders Michael Golden and Thaddeus Wong have been named finalists in the Ernst & Young Entrepreneur Of The Year 2013 program in the Midwest. The Ernst &

Koenig & Strey expands their company footprint in Chicago’s north suburbs with the opening of a new brokerage office in Skokie. Koenig & Strey Real Living has announced the opening of a new brokerage office in Skokie, located at

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

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

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

MRED, Chicagoland’s MLS, has announced that Trulia is on board as a POW! Sponsor (top level) of MREDpalooza, the largest MLS-hosted free real estate tech expo in the country. Trulia gives homebuyers, sellers, owners and renters the inside scoop

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

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,

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