We all know that cities must continue growing to remain relevant, but at what cost? A land sale along South Shore Drive is engaging that very argument. A three-plot land sale just north of 77th Street, the 2/3 acre-sale

April home sales in Chicago were up nearly 20 percent from last year, and the state of Illinois was not far behind with a yearly increase of 15.7 percent. According to the latest data from IAR, prices were similarly

Judicial and nonjudicial states have radically different approaches to foreclosure proceedings, and they may produce different recoveries in the appropriate states. Currently, few analysts argue that a housing recovery is not happening; debate still persists, though, on the particulars –

By Peter Ricci Builder confidence is one of the main areas of focus for real estate, and it will be particularly interesting how builders in Illinois react to a series of environmentally-conscious regulations currently working their way through the

Freddie Mac yesterday released the latest results of its Primary Mortgage Market Survey, and it found what by now has become common – that average fixed mortgage rates hit record lows last week. The 30-year FRM averaged just 3.79

Matt Dollinger, the V.P. of strategic development with @properties, is leaving the Chicago brokerage for a new position at Internet real estate company Trulia. Dollinger will be the Head of Industry Relations for Trulia, a role in which he’ll oversee

Local and national security measures have for many defined the 2012 NATO Summit at McCormick Place, and some of them are impacting the local real estate market in Chicago. Craig Hogan, the director of Coldwell Banker’s Previews luxury practice group

Housing starts for privately-owned homes rose by nearly 30 percent year-over-year in April, perhaps the strongest sign yet of a recovery in residential construction. According to the latest data from the U.S. Census Bureau and the Department of Housing

Today’s real estate market is challenging and competitive, but this year’s Realtor Magazine “30 Under 30” honorees haven’t let that deter them. The 2012 class is following in the strong entrepreneurial tradition of real estate, creating their own pathways

After a few difficult years, the income and business of Realtors grew in 2011, according to the 2012 National Association of Realtors Member Profile. A survey of 58,823 NAR members that yielded 6,245 usable responses, the profile found the median

A team of real estate agents from the Evanston Office of Koenig & Strey Real Living and other brokerages participated in the American Cancer Society’s Relay for Life in Evanston. The group is among many others that have participated

Housing affordability has been trending upwards in the post-boom housing market, and according to analytics firm Fiserv, it’s now at a 40-year high. Utilizing data from the Federal Housing Finance Agency, Fiserv studied 380 U.S. markets, and it found

NAHB Chairman Barry Rutenberg has become the latest proponent for housing finance reform, arguing in an op-ed for a comprehensive overhaul of the current system. “Our goal is to overhaul the housing finance system to ensure that housing credit

A new study out by Standard & Poor’s is estimating it will take 46 months to clear out the nation’s supply of shadow inventory, one month less than predictions from 2011. Liquidation rates for the residential mortgage markets appeared

Builder confidence is one of the main areas of focus for real estate, and it will be particularly interesting how builders in Illinois react to a series of environmentally-conscious regulations currently working their way through the state

Median home values, improving sales and stronger inventories were all features of the 2012 first quarter report from the National Association of Realtors (NAR). Median existing single-family home prices rose year-over-year in 74 out of the 146 metro areas tracked