National News

Home Prices Up 11.8 Percent

For the month of November, home prices in Chicagoland rose 12.4 percent year-over-year; not only does that figure include distressed sales, which have historically harmed the Windy City’s home price data, but it was also the fifth-strongest yearly gain

Rents in Chicago Increase 2.9% in Fourth Quarter

The rental markets have been surging in recent years, but did that stellar performance continue into 2013’s fourth quarter? Reis Senior Economist Ryan Severino put it best in comments accompanying the firm’s Q4 2013 Trends report for the nation’s

Russ Bergeron Makes Inman’s List of 100 Most Influential Real Estate Leaders

Inman News has announced its latest list of the 100 Most Influential Real Estate Leaders, and once again Russ Bergeron, CEO of Midwest Real Estate Data (MRED), has been recognized for his leadership within the industry. The Inman 100

The 7 Elements of a New Single-Family Home’s Price

We all know that many things go into building a home, but how much do they actually contribute to the home’s listing price? Profit. Land. Construction. Commission. Oh yes, we’re talking single-family home construction. The National Association of Home

CoreLogic: Chicagoland Home Prices Up 12.4%

November was a very encouraging month for Chicago real estate, according to the latest analysis from CoreLogic. Home prices in Chicagoland posted their strongest numbers in some time in November, according to the latest Home Price Index from research

Residential Construction in Chicago Up 13%

What were the busiest residential construction markets in November? We analyze the latest data to find out. Residential construction in Chicago continued its forward momentum in November, rising 13 percent to a very encouraging $337 million, according to the

Pending Home Sales Edge Up in November – Good Sign?

Pending home sales stabilized in November, but what does that tell us about the broader housing market? Pending home sales in November inched up 0.2 percent from October, according to the latest Pending Home Sales Index from the National

3 Possible Causes for Weaker Home Sales

Existing-home sales have been a bit weak the last couple of months; what are the reasons behind the decline? November was a rough month for existing-home sales. Not only were sales down 4.3 percent from October to November, but

3 Great Signs for Residential Housing Construction

Today’s report on construction spending was just the latest positive sign for the nation’s residential housing construction market. #82355313 / gettyimages.com The latest construction numbers came out today from the U.S. Census Bureau, and they were promising: at a seasonally

5 Important Details About the First-Time Homebuyer

First-time homebuyers play a big role in the housing market, but where are they in the scheme of the housing recovery? Twenty-eight percent – that was the share of first-time homebuyers in November, according to NAR’s latest existing-home sales

Chicago Home Prices Up 10.9% in October Case-Shiller

Though home prices slowed a bit in Chicago in October, they maintained strong yearly gains. Home prices in Chicago fell 0.5 percent from September to October, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Such

Top 10 Stories of 2013

Here at Chicago Agent, we cover a wide variety of topics day in, day out. From home sales, to new construction, to how agents can better their business, our coverage involves just about every major topic in real estate today.

John Baird, Champion of Fair Housing, Dies at 98

John W. Baird, founder of Baird &n Warner, prominent Chicago real estate developer and champion of fair housing, open space and historic preservation, died on December 27 at the age of 98 in a Glenview hospice after suffering a

NAR: Existing-Home Sales Fall by Monthly, Yearly Marks in November

November was not the most stellar of months for existing-home sales, with a number of factors impacting the famed housing statistic. Existing-home sales declined by both monthly and yearly measures in November, according to the latest analysis by the

Housing Starts Up 29.6% in Nov. – Is There More to the Story?

Residential construction seems, on the surface, to have posted some extravagant numbers in November, but what does a deeper dig behind the data reveal? November was a roaring good month for home construction, with privately-owned housing started rising to

CoreLogic: Negative Equity in Chicagoland Down 38.4%

The nation’s negative equity situation remains inflated, but progress has definitely been made. Though negative equity remains high in Chicagoland, it has made quite a bit of progress in the last year, according to the latest Equity Report from

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