National News

Chicagoland’s Highest List Prices – And What They Sold For

What were the highest listing prices in Chicago’s various counties from 2011 to right now? And what did they ultimately sell for? So far this year, according to Midwest Real Estate Data, the highest priced listings in each county

Builder Confidence Continues to Slip in May

May was another lackluster month for confidence in the homebuilding sector, according to the NAHB, as homebuilding ran into some economic barriers. #479533631 / gettyimages.com Builder confidence in the market for newly built, single-family homes in May fell one

REAL Trends Places Local Brokers in Top 500 Largest Brokers

Real estate consulting and communications company REAL Trends released their annual 500 largest brokers in the US research report where they identify the country’s most successful residential firms by ranking the most closed transaction sides and separately closed sales

The 5 Simple Reasons that Millennials are Not Buying Homes

Why on earth are Millennials not buying homes? It turns out there are pretty straightforward reasons behind their absence. #171287367 / gettyimages.com The housing market has, thus far in 2014, been putting up some pretty lukewarm numbers, and the relative

3 Things to Know About the Most Powerful Man in Housing

Mel Watt, the recently installed head of the FHFA, delivered his first major address on housing this week; here were the main takeaways. #171644428 / gettyimages.com Mel Watt, who is the director of the Federal Housing Finance Agency (FHFA),

Shocker: Even FICO Thinks Lending Standards are Too Tight

It’s one thing for NAR to think that lending is too strict, but now even FICO has thrown its voice into the mix. #182982451 / gettyimages.com For some time, tight lending standards in the post-bubble housing market have been

Trulia: Asking Prices in Chicagoland Continue Their Ascent

Prices have risen strongly thus far in 2014, and April only continued that hot streak. #122676840 / gettyimages.com Chicagoland’s home price increases in 2014 continued in April, with asking prices rising 12.8 percent yearly and 4.1 percent quarterly, according

The 6 Assorted Reasons that People Prefer New or Existing Homes

Some consumers prefer newly built homes, while other prefer existing residences; why is that? #486077819 / gettyimages.com It’s always been a give-in that some consumers will prefer newly built homes while others opt for an existing residence, but an

5 Good Things Happening Right Now in Housing

There’s been quite a bit of negative press swirling around housing lately, but we’ve got some pleasant developments to hang your hat on. #461497687 / gettyimages.com There’s no two ways about it – the last few weeks, at least

Career Successes/Retirement Propel Luxury Housing Market

Realtor.com’s survey of luxury housing continues to yield interesting findings about that most important sector of housing. #479997555 / gettyimages.com The last couple weeks, we’ve been covering realtor.com’s survey of the luxury housing market with glee, with our stories

A Surprising Number of Homeowners Suffer “Buyer’s Remorse”

We don’t like to pair the term “buyer’s remorse” with real estate, but new survey results suggest we should. The term “buyer’s remorse” is often associated with cars and appliances, but a new survey from Redfin suggests that a

Spring Brings Double-Digit Price Increases to Chicagoland Market

This year’s stellar home-price gains continued into the spring, according to CoreLogic’s latest analysis. #485935355 / gettyimages.com Home prices in the Chicagoland housing market rose 11.3 percent year-over-year in March, according to the latest Home Price Index from CoreLogic.

The 4 Biggest Challenges Facing Luxury Homebuyers Today

What are the most troublesome obstacles faced by luxury homebuyers in today’s housing market? Earlier this week, we reported on a fascinating new study by realtor.com, which looked at what features today’s luxury homebuyers desire the most in a home.

Home Sales Blooming Late in Spring Market

Sales of new single-family homes in March plummeted 14.5 percent to a seasonally adjusted annual rate of 384,000, hitting the lowest level since July 2013, the U.S. Census Bureau reported last week. The March drop in new home sales

3 Intriguing Details About Today’s Mortgage Environment

The mortgage markets may have undergone a radical change since 2008, but some details may still surprise you. Last week, we reported a rather sobering statistic – according to record keeping by Ellie Mae, the average FICO score for

Residential Construction in Chicagoland Posts Huge Increases

Residential construction has been making a tepid comeback in recent months; how did March play into that narrative? Let’s put it this way – March was both a wonderfully positive month and an awfully rough month for residential construction

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