According to a report released this morning by the National Association of Realtors, pending home sales increased 5.1 percent in

Beginning on Oct. 1, the government will dial back on the size of mortgages it guarantees in high-cost areas like San Francisco, New York and Washington. After that deadline, the maximum loan amount that Fannie Mae and Freddie Mac

The homeownership rate dropped to 66.4 percent in the first quarter, the lowest level since 1998, according to the Census Bureau. The rate is down from last year’s 67.1 percent, and a single basis point dip from the previous

The International Monetary Fund believes the U.S. should consider cutting the popular tax deduction for mortgage interest, according to the Wall Street

While recent home prices and sales haven’t been strong, the top and the bottom of the housing market is doing just fine according to Builder’s Pulse. Those with a decent income are keeping the upper market afloat, paying large

Prices of single-family homes declined in 20 metropolitan areas by 0.2 percent from January to February, according to the S&P/Case Shiller composite index released today. This decrease places the current composite index of 139.7 just slightly above the 2009

The supply of vacant residential lots in the Chicago area has barely budged over the past year, according to Crain’s Chicago Real Estate Daily. <!–more–> Developers were sitting on 48,905 lots ready for new single-family homes, duplexes or townhomes

Keller Williams Realty led among real estate brokerage franchises in an annual survey by Entrepreneur Magazine, and ranked 78th overall out of 500

The housing crash seems to have had little impact on consumer confidence, as 81 percent of adults believe buying a home is the best long-term investment a person can make. According to a report by Pew Research released this

According to data from LeapRE, in 2008 and 2009, homes that took 90 or more days from contract to closing accounted for about 6.9 percent and 6.8 percent, respectively, of all closings in Chicagoland. In 2010, however, homes that

U.S. Housing and Urban Development (HUD) have selected eighteen national, regional and local lenders to participate in a new two-year pilot program. The program will offer qualified borrowers, in certain parts of the country, low-cost loans if in turn

According to the Federal Housing Finance Agency, foreclosure prevention actions at Fannie Mae and Freddie Mac have fallen for the fifth-straight month. These foreclosure preventions include  loan modifications or repayment

According to the National Association of Realtors (NAR), the number of existing home sales across the U.S. has risen 3.7 percent between February and March. The numbers are still lower than they were a year-ago due to buyers having

In Chicagoland in March 2011, 5,324 single family homes and condos were sold, signaling a 41.3 percent increase over February 2011, according to the Chicagoland Primary Metropolitan Statistical Area (PMSA). Those numbers are reflected in the higher cost of

According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, the number of applications for mortgages increased by 5.3 percent from last

Home construction may still be at low-levels, but the market is improving with 549,000 new housing starts in March of this