National News

Housing Inventory in Chicagoland May Have Finally Bottomed

It’s been a verifiable roller coaster ride the last couple years when it comes to housing inventory, but are we finally out of the woods? Housing inventory in the Chicago housing market fell just 1.0 percent year-over-year in March,

All-Cash Sales in Chicagoland Remain Quite Prevalent

The housing market has made considerable strides in the last 18 months, but all-cash sales are still in abundance. We’ll cut to the big stat – in Jan. 2014, the latest month for which data exists, 39.8 percent of

The Relative Rarity of Million-Dollar Listings in Chicagoland

Sure, our area has some wonderful luxury housing markets, but in the grander scope of the market, how common are those million-dollar listings? We may hear about luxury real estate on a consistent basis, but luxury listings in the

Chicago Asking Prices, Rents Continue Strong Increases in March

March was another solid month of price increases in the for-sale and rental markets, both locally and nationally. Chicago’s asking-price fortunes continued in March, according to the latest Price Monitor from Trulia, with asking prices in the area’s housing

Very Few Chicago Homes Affordable on a Median Salary

Affordability is often crunched into a single number, but how does it differ across the spectrum of salaries? Chicago’s housing market may be relatively affordable, but it only goes so far for someone earning a median salary. That was

Residential Mortgages Becoming More Available

Mortgage standards have been pretty tight since 2008, but new readings from the MBA show them to improving. On the surface, it looks pretty underwhelming. From February to March, the Mortgage Banker Association’s Mortgage Credit Availability Index (MCAI) increased

5 Unexpected Details About the Younger Boomer Generation

The housing downturn and economic recession introduced some very intriguing details to Younger Boomers. The Baby Boom generation is arguably the most visible generation in America right now, yet given its diversity, it still manages to surprise us. So, in

Fannie/Freddie Reforms = Higher Mortgage Rates

Discussions on how to reform Fannie Mae and Freddie Mac get really wonky really fast, but they impact your business in very practical ways. We’ll cut straight to the chase – if current proposals to overhaul Fannie Mae and

CoreLogic: Foreclosure Markets in Chicagoland Improve Radically

There are many uncertainties in the world, but here’s one thing we know for sure – progress has been made on the foreclosure front. Foreclosure inventory in the Chicagoland housing market plummeted 41 percent year-over-year in February, according to the

Despite Price Gains, Chicago’s Housing Market Still Quite Undervalued

Our local market has made quite a bit of progress since 2011, but it still hasn’t reached the promised land. Housing bubble talk has grown strangely common the last few months, what with home prices nationally posting double-digit increases

Size Matters – When it Comes to the Homes Generations Buy, At Least

The various generations differ in many ways, especially when it comes to the types of homes they ultimately buy. The last couple weeks, we’ve been combing through NAR’s latest Home Buyer and Seller Generational Trends Report, and have reported

Reis: Chicago Rents Up 3.4% From Last Year

In the last four years, the U.S. apartment vacancy rate has been cut in half; what’s happened at the local level? Reis, Inc. released its latest report on the nation’s rental markets yesterday, and it featured a stunning statistic:

The 7 Essential Features in a New Home in 2014

What new home features are consumers desiring the most in 2014? And which ones do they consider essential? We all know how many variables go into a new home, and we all know that every consumer is unique in

Census Bureau: Construction Spending Flat in February

February was a stable month for construction, according to the latest analysis by the U.S. Census Bureau. Construction spending in February held steady at a seasonally adjusted annual rate of $945.7 billion, according to the latest numbers from the U.S.

Interior Designer Mary Cook Releases ‘The Art of Space’

Published by the Cognella Academic Publishing company in San Diego, California, The Art of Space by Mary Cook outlines a theory of seven fundamentals of interior design that help implement a success of designing harmonious and impactful spaces. “My

Chicagoland Home Prices Up 11.8% in CoreLogic HPI

Home prices continued their ascent in February, according to the latest index from CoreLogic. Home prices in the Chicagoland area increased 11.8 percent year-over-year in February, according to the latest Home Price Index from CoreLogic. Though encouraging, that yearly

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