National News
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
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
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
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
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
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.
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.
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
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 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
It’s been a rough year so far for new construction, but March’s report from the Census Bureau offered some pleasant, unexpected surprises. Residential construction spending in March rose 0.8 percent from February to a seasonally adjusted annual rate of $369.8
Some new statistical work by the NAHB has brought some life to one of the more known truisms about homeownership. It’s one of those details about real estate that everybody knows – younger people tend to rent, while older
We all know that housing inventory remains at record-low levels; why is that the case, though? The other day, we reported that housing inventory increased 4.7 percent in March to a 5.2-month supply. Though technically an increase, that represents
Home prices offered few surprises in the latest Case-Shiller report. Home prices in the Chicagoland area rose 10.8 percent year-over-year in February, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Still, prices in the area
Distressed home sales were once the most visible characteristic of the housing market, but they’ve taken a much-desired back seat in recent months. Buried in NAR’s latest existing-home sales report was a precious nugget of housing news – in
It’s been a rough year for pending home sales, but March finally brought some good news to the beleaguered housing stat. Pending home sales reversed a longstanding trend of declines in March, posting their first increase in nine months, according