Median time on market was way out of whack during the years of the downturn; has it finally turned the corner? Time on market has been among the most oft-watched measures of the housing recovery, and new numbers from

Threatening to halt any progress the market made in recent years is the fact that first-time homebuyers are struggling mightily. In fact, the National Association of Realtors (NAR) recently reported that first-time homebuyers possess the lowest market share the

“If you are like me,” said MRED President and CEO Russ Bergeron, “you are getting tired of listening to the constant barrage of announcements on how multiple listing services (MLSs) are going to take control of listing syndication by

Property values in Chicagoland continued to increase markedly in February, according to the latest numbers. Home values have been rising steadily in many metropolitan housing markets, but did that progress end in February? Take a look at our graph,

Multifamily housing has been the darling of the post-boom housing market, but can it sustain its levels of success in 2014 and beyond? A couple weeks ago, amidst headline-grabbing reports on home sales and construction, there was a little,

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced today that its President and CEO, Russ Bergeron, will be participating in today’s Green Mortgage Appraisal Roundtable in Washington, DC. Bergeron will be headlining a panel discussion and

We know, rising home prices are a very good thing, but are there elements of housing that they actually harm? We’ll start off with an affirmative statement – there are many good things that come about from rising home prices.

The latest Redfin Real-Time Seller Survey says a new year brings new optimism and worries for their home-selling clients. The polled surveyed 466 homeowners across 22 metro areas in the U.S and suggested that home sellers were feeling slightly

Our fine metro area continued to make progress through its foreclosure inventory in 2013, according to new analysis. Foreclosure inventory in Chicagoland is down a whopping 38 percent year-over-year through January, according to the latest National Foreclosure Report from

The features in a new single-family home change all the time, but what trends will be most common in 2014? Granite countertops? Walk-in closets? Laundry rooms? Yes, yes and yes. There are many possible things that can go into

Confidence remains strong among Chicagoland home sellers, with asking prices posting yet more increases in February. Asking prices in the Chicagoland housing market increased 14.2 percent year-over-year in February, according to the latest Price Monitor from Trulia. In addition,

Housing’s importance cannot be questioned, though there is considerable nuance to where the market is heading. Last week, we looked at the latest study from the Demand Institute, and its eye-popping predictions on where home prices are heading for

Do you know what an interest-rate lock-in is? No? It could have a defining effect on housing in the coming years. Pop quiz hotshot: what is the market phenomenon known as the interest-rate lock-in, and how does it apply

How had the negative equity situation, both at home and abroad, progressed the last few months? Nearly 79 percent of mortgaged properties in Chicagoland are in positive equity, according to the latest Equity Report from CoreLogic. That makes Chicagoland

Home prices continued their double-digit performance in January, according to the latest CoreLogic numbers. Home prices in the Chicagoland housing market rose 12.6 percent year-over-year in January, according to the latest Home Price Index (HPI) from CoreLogic. That exceeded

Though housing inventory was down in Chicago in February, there do seem to be signs of improvement. Housing inventory in the Chicago housing market fell 7.6 percent year-over-year in February, according to the latest State of the Market report