National News
Significant challenges remain on the homebuilding front, according to new NAHB research “Booming” is a word that has not been associated with Chicagoland’s housing market for some time, but no other adjective is more appropriate for the market’s new
Looser lending standards may not be the panacea for housing’s sideways growth For years, housing professionals have been holding their breath for looser lending standards to ride in and boost the market into a new era of prosperity, but
A new study uses homeownership rate to rank the best and worst presidents for housing…but it’s a bit more complicated than that. In early May, economist Roger Thomas of ValueWalk.com released an analysis (of sorts) on homeownership rates from
A new report from RealtyTrac confirms investors are gaining traction in the flipping market. But is there enough inventory to go around? Single-family home flips were up in 2015’s first quarter, according to a RealtyTrac U.S. Home Flipping Report.
While unemployment continued declining in the new jobs report, slow wage growth points to an overall tighter labor market. The Labor Department released its April jobs report today and the response has been somewhat neutral, as limited gains tell
OFF-MLS LISTINGS What are your thoughts about off-mls listings? ADVICE FOR NEW AGENTS What is your advice for agents who want to work with clients in the luxury market? AN EVOLVING MARKET In your experience, how is the luxury
We keep hearing how low inventory is in today’s housing market, but why is that the case? The National Association of Realtors’ existing-home sales report for March was an altogether positive take on housing, with sales rising 6.1 percent
A new Zillow analysis shows in stark terms just how damaging inequality is for housing’s future. Call it “The Great Housing Divide.” Although homeownership – on the strength of record-low mortgage rates – remains incredibly affordable, rising levels of
We keep hearing that many consumers are ready to enter the homebuying fray, but new analysis casts doubt on that sentiment. Fewer and fewer Americans are planning on purchasing a home, according to a new survey from Gallup. Gallup’s
Housing may have taken a beating during the downturn, but its reputation has recovered marvelously in the public’s eye. Americans consider real estate as their best long-term investment, according to a new survey by Gallup. That’s the second year
Advances in technology have allowed people to search for real estate from the comfort of their home. They can review floor plans and photos, even use Google maps to get a feel for what might be their new neighborhood.
A new CoreLogic report shows that falling REO numbers are helping bolster home sales and reduce distressed sales. Distressed sales, including real estate-owned and short sales, continued tumbling in February, falling 0.8 percentage points from January and 3 percentage points
NAR’s report showed improvement in pending home sales, but also an increase in the share of traditional buyers compared to investors. Spring is in full bloom, bringing with it a wave of antsy buyers who are ready to make
All the evidence suggests that renters are not rushing to the homebuying sphere. It would seem to be a perfect environment for homebuying. Not only are rents rising by considerable amounts, but relative to the costs of homebuying, it currently
How are home prices looking, as the spring market gears up for action? Home prices in the Chicagoland area continued their slow, steady progress in the latest Case-Shiller Home Price Indices from Standard & Poor’s. Per the Case-Shiller’s analysis,
A new study from NAR shows more than 50 percent of brokerages are failing their agents in terms of providing proactive safety procedures. On Sept. 31, 2014, after an exhaustive search, Little Rock, Ark. police found the body of