National News

4 Important Facts About Hispanic Homebuyers in America

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

Strong Condo Market Drives Home Prices in Chicagoland

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

Millennials Looking Up: A Positive Outlook on the Future of Homebuying

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

4 Reasons Builders are Building Bigger

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

414,000 Home Sales Lost in 2014 to Student Debt

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

Number of Mortgages at a Six-Year High

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

Chicagoland’s Rental Market Continues Strong Performance in 2014

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

Average Down Payment in Chicagoland Nearly $50,000

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

Residential Construction in Chicagoland Flat in 2014

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

Housing Debt Hurting Older Americans

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

Chicagoland Home Prices Nowhere Near Bubble Territory

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

5 Important Details Concerning Millennials and Homeownership

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

News Corp to Purchase Move, Inc. in Blockbuster $950 Million Deal

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

Police Find Missing Realtor’s Body in Shallow Grave

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,

Chicagoland Home Prices Remain Positive in New Case-Shiller

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

Pending Home Sales Slow a Tad in August

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

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