National News

Pending Home Sales Reach Post-Bubble Milestone

The Pending Home Sales Index was up more than 10 percent in April, rising to its highest mark since the expiration of the first-time homebuyer tax credit. April was a solid month for pending home sales, with the Pending

Do Women in Real Estate Earn 40% Less Than Men?

The “wage gap” is among the more prominent topics in gender equality, and new Census Bureau numbers suggest real estate has an issue with the topic. The “wage gap,” which addresses the difference in pay that men and women

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Chicago Home Prices Up 7.8 Percent March Case-Shiller

Though Chicago home prices did not show much change from February to March, they appear to be making yearly headwinds. Though home prices in Chicago were flat from February to March in the latest Case-Shiller Home Price Indices from Standard

What Vacation Destinations Do Chicagoans Like the Most?

Memorial Day weekend officially starts today, and many people will be out vacationing; what vacationing communities, though, are the most popular? Memorial Day weekend is finally here, and numerous families will be taking advantage of the holiday to travel

Why Immigration Reform is a Good Thing for Housing

Immigration reform has been a hot topic the last month or so, though the politics of the issue obscures one main fact: that immigration is good for housing! U.S. immigration policy has always been among the more prominent issues

Don’t Worry – Housing Bubble Rumors Are Bogus

Some overzealous folks have begun throwing around the “bubble” word in their coverage of the current housing market, but such statements are way off. Home prices on the national scale have been doing quite well in recent months; in

New Home Sales for April Show Promise for Housing Market Recovery

New home sales in April increased from last March and exceeded economists’ expectations New home sales for the month of April were at a seasonally adjusted annual rate of 454,000, up 10,000 from last March, according to the latest

Existing-Home Sales Underwhelm in April?

Though existing-home sales posted yearly and monthly increases in April, they were held back by low housing inventory and tight lending standards…or so we’re told! Existing-home sales in April may have increased 0.6 percent from March and 9.7 percent

This is How Gen Y Will Revolutionize Housing

Generation Y, the 80 million or so Americans born between 1979 and 1995, are expected to reverse the last 60 years or so of housing policy in the U.S. One of the more persistent questions among housing analysts is

Less Than 1 Percent of Today’s Mortgages are Bad

The housing market cannot truly recover without a healthy mortgage market, but new research from LPS shines an optimistic light on the topic. Homes sales are up, inventory has stabilized, and by many accounts, new construction it putting up

Obama Scorecard Details Improvement

The Obama administration’s foreclosure mitigation programs provided relief to millions of distressed borrowers recovering from the housing market over the past four years. The Making Home Affordable Program has assisted nearly 1.6 million homeowners since its inception in 2009,

Successful Startups’ Hiring Practices – What Real Estate Startups Can Learn

One of the biggest challenges of launching a new business is finding like minds to hire that will help take your company to the next level, and startups are constantly forced to make these decisions, not only in the

Ask a Lender: Kristine Bestler, Guaranteed Rate

Q: Is there any way I can assist with expediting the financing process for my client? A: To make the mortgage lending process move as quickly as possible, first and foremost, direct your client to a lender that you trust,

Housing Starts Plunge, Building Permits Soar in New Census Bureau Data

The Census Bureau’s latest new construction numbers were a topsy turvy bunch, with housing starts plunging but building permits soaring. If the Census Bureau’s latest numbers are any indicator, April was a wild month for new housing construction in

What Income Does Your Client Need to Buy a Home in Chicago?

What income is necessary to afford the typical house in Chicago? And how do those requirements compare with other major metro areas? “Housing affordability” is a term that gets thrown around quite a bit nowadays, and for good reason;

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