National News
All research points to Hispanic consumers having an outsized effect on the U.S. housing market in the coming years. Hispanics are the fast-growing group of homebuyers in America, and they will hold significant sway over where our housing market
Asking prices once again showed positive movement in September, according to new stats from Trulia. A strong condo market propelled Chicagoland’s housing market to another month of positive asking-price increases in September, according to the latest Price Monitor by
Research from Zillow finds millennial values toward homeownership may be more traditional than older generations. It’s no secret that as more millennials reach homebuying age they’re opting to remain renters in lieu of entering the market. However, despite what many
Americans everywhere are tightening their belts, but still our houses are getting bigger. Why? Considering the realities of today’s housing market – that the empty nester population is growing and environmental sustainability is more and more dictating the direction
In the last 11 years, student debt in the U.S. has skyrocketed from $241 billion to $1.1 trillion, making it the second-highest form of debt in the country; only mortgage debt has a greater volume. Analysts have debated just
A few weeks ago, the Federal Reserve released a bevy of mortgage data from 2013, and it came with a screaming good headline – the number of mortgages made to purchase homes in 2013 was 2.68 million, a six-year high
Our city’s rental markets have performed quite well in recent years, and 2014 seems to be no exception. The average rent in Chicagoland in 2014’s third quarter was $1,110, a 1 percent increase from the second quarter and a
How does the down payment in Chicagoland compare with other metro areas? According to analysis from LendingTree, the average down payment in Chicagoland is 16.28 percent of the mortgage, which comes out to $47,370. How does this compare with
Construction is the residential sphere is keeping pace in Chicagoland in 2014 According to the latest numbers from the Census Bureau, residential construction spending in August was at a seasonally adjusted annual rate of $351.7 billion, down 0.1 percent
Older Americans are carrying their housing debt later into life, and as a result, they’re struggling financially. A lot of attention has been given to student loan debt lately, particularly in regards to the impact it’s having on young
The term “bubble” gets thrown around often nowadays, but the data does not support such statements. The great housing bubble of 2001 to 2008 was a mammoth economic event, one that pulled the housing market through a verifiable roller
Though things are tough right now for Millennials, agents should definitely keep them on their immediate housing radar. It’s not easy being a Millennial. As we’re reported recently, the Millennial generation is still the home-bound generation, with many a
First it was Zillow’s acquisition of Trulia, and now News Corp has thrown its hat in the ring in acquiring Move, Inc. In a fairly volcanic move into the real estate syndication business, News Corp – the massive media
Beverly Carter had been missing since Thursday evening. After an extensive search, Arkansas police discovered the body of Beverly Carter, a Crye-Leike Realtor, in a shallow roadside grave earlier today. Aaron Lewis, who was apprehended by authorities on Monday,
Home prices remained positive in the latest Case-Shiller, though they exhibited definite signs of easing. Home prices in the Chicagoland region were up 0.6 percent monthly and 4.0 percent year-over-year in Standard & Poor’s latest Case-Shiller Home Price Indices, with
The decline was not substantial, but pending contracts definitely slowed down in August. Pending home sales fell 1.0 percent in from July to August, and are down 2.2 percent from where they were in 2013. Those were the main