Housing inventory has fallen at a precipitous rate, but could relief finally be approaching? New research from Zillow suggests it just might. There are currently two universally acknowledged truths about the U.S. housing market – one, that the market

The primary lender on the failed Chicago Spire development hired a broker to sell nearly $93 million of debt on the high-profile site. The development, a deep hole along Lake Shore Drive and the Chicago River, has sat untouched

Illinois’ 30-30-30 laws have been a huge benefit for the state’s distressed homeowners, and it’s looking like the provisions will be renewed through 2016. The Illinois Senate last week passed a bill that would extend the state’s 30-30-30 protections to

RealtyTrac’s latest analysis of the U.S. foreclosure markets found many positive developments, though there still remains work to be done. The foreclosure markets continued their slow, steady improvement in the latest U.S. Foreclosure Market Report from RealtyTrac, though foreclosure

Mortgage Master, a super-regional mortgage bank and one of the country’s largest privately-owned mortgage companies, today announced the hiring of Karen Menza as regional operations manager to lead the company’s Midwest operation

“Flash sales,” homes that sell in 24 hours or less, have taken serious hold in a select number of markets throughout the U.S. – Chicago among them! According to new research from Redfin, a most unusual phenomenon is currently

A new rating system from the Mainstreet Organization of Realtors will provide a comprehensive system for rating Realtor performance. The Mainstreet Organization of Realtors (MORe) announced a new program that will provide consumers in the Chicago suburbs with a

Though today, many housing markets are considered “affordable,” how does our fine city compare to the nation’s most affordable housing markets? Housing affordability is a major selling point for any housing market. After all, if you’re going to succeed

It’s no mystery that Chicago is taking a little bit longer to recover from the housing downturn than most cities, but five specific markets are doing just fine. The Chicago housing market in the last year has been somewhat of

It’s become the eternal question in real estate – when oh when will lending standards ease up? Though the housing market has put up some of its strongest numbers since 2006, the mortgage markets, from the perspective of many

Related Midwest, which is redeveloping three buildings in the former Museum Campus neighborhood currently, announced it will launch its own brokerage. The new firm, Related Realty, is expected to launch by early next month and will compete with other

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced that support for MREDpalooza, the real estate tech expo event of 2013, has already started flowing in. Product vendors and service providers are seizing the opportunity to participate

The market definitely wasn’t like this a year ago. Have the tables turned, and is Chicago’s market now a seller’s

Trulia today announced the very first partnership in its Shared Success Program with one of the largest MLSs in the country, Midwest Real Estate Data (MRED). Trulia’s Shared Success Program is designed to help MLSs accelerate their customers’ success through

Asking prices in February rose 7.0 percent in the Trulia Price Monitor, as the increasing demand in the U.S. housing market continued to push asking prices higher. From January to February, asking prices rose 1.4 percent, and prices are

Residential construction spending was flat in January, though overall construction spending remained above where it was a year ago, according to the latest analysis from the U.S. Census Bureau of the Department of