A profile of the ultra rich from around the world reveal some interesting facts about luxury real estate buyers. Luxury is a butterfly concept, fluttering about the industry with a thousand hands trying to grab hold. But the idea of luxury

Student loan debt may be an even bigger problem than we initially thought. Here’s an eye-opening statistic – 31.5 percent of Americans who are paying down their student debt are at least a month behind on their payments. That

Some news outlets are hyperventilating about the latest new home sales report, but the reality is more encouraging. The Census Bureau released its latest report on new home sales this morning, and on the surface, it’s a doozy. Finishing

Relatively speaking, our market is not nearly as fast as one might believe. Chicago may have a reputation as a progressive, fast-moving city, but that is not the case for the majority of the metro area’s real estate listings,

NAR home sales report brings optimism. The National Association of Realtors released its existing-home sales report for March, and the early verdict is good, with sales, prices and inventory showing strong signs of improvement. Across all property types, existing-home sales

While banks took over the majority of flipping in the downturn, with high prices and low inventory, investors are again reentering the game. In the wake of the financial crisis, when home prices were low and demand nonexistent, the

Foreclosures sidelines millions of consumers from the housing game, but many are now returning to the fray. More than five million American families underwent foreclosure proceedings from 2007 to 2014, but new research suggests that many of them – the

The explosion of the legal cannabis market is have a significant impact on real estate. Here’s what you can expect… Breaking taboos and dusty standards, the impact of marijuana is proving more economically beneficial than previously imagined, leading to

We’ve all seen the movies with hidden rooms behind bookcases waiting to be discovered, but those rooms are no longer solely a screenwriter’s creation. Builders nationwide are receiving requests from homeowners for hidden home offices, reading rooms, home theaters,

Last month’s homebuilding numbers were a big letdown – what does that suggest about the larger economic climate? Housing construction turned in a disappointing month in March, according to the latest analysis from the U.S. Census Bureau. The numbers were

The legal battle between Move and Zillow continues. The legal feud between newly formed Zillow Group and Move, Inc., operator of realtor.com, has been a veritable barn burner these last several months, as the companies continue to exchange one

New TILA-RESPA rules will come into effect in August, but a new survey shows lenders are struggling to prepare. Effective August 1, lenders will be responsible for altering procedures to respond to the new TILA-RESPA Integrated Disclosure Rule, aimed

Freddie Mac is optimistic on housing in 2015, and for a number of reasons. One of housing’s most active participants is highly optimistic for the industry’s future, though even it acknowledges that challenges remain. That was the main takeaway

Suburban sprawl is giving way to walkability. But what does this mean for the people stuck in the suburbs? The lay of the land is changing. Where once work and life shared common vicinity, these days, people, whether by

It takes a very short amount of time to break even on a house nationwide, but such privileges come with significant conditions. It takes just over two years to break-even on a mortgage in Chicagoland, meaning the point at which

Despite recent improvements, there remain considerable uncertainties for consumers when it comes to housing and the economy. Everywhere you look, nowadays, there seems to be a new study or report proclaiming good news about both housing and the greater