From 2011 to 2015, Chicago suburban area renters strongly outpaced urban area renters, according to a report from Rent Café. The suburban net gain over those five years was 57,600, a 12 percent increase, while the urban net gain was

U.S. housing affordability increased slightly in the first quarter of 2017 due to rising wages and moderating home prices despite increasing mortgage rates, according to National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). Between January and

The Home Purchase Sentiment Index (HPSI) rose by 2.2 percentage points in April to 86.7 percent and three percentage points compared to last year, according to April 2017’s National Housing Survey. Out of six total components, four saw positive gains when

Much of the Chicago area is still recovering from the housing market collapse, but a number of suburban markets are seeing significant gains in their property values. Eight suburbs have seen their values rise by at least 50 percent

After remaining flat for years, federal interest rates could be increased nine times by 2020, according to the Congressional Budget Office’s 2017 Budget and Economic Outlook. The Federal Reserve’s policy committee met last week and determined that no federal

In the first quarter of 2017, markets nationwide have shown, on average, 100 percent normal economic and housing activity, according to the National Association of Home Builders‘ (NAHB) First American Leading Markets Index (LMI), which is based on current price,

Much of Chicago’s housing stock is still recovering from the market collapse, but not every area in the city is suffering from anemic housing value growth. In fact, five neighborhoods in the city have seen home prices reach their highest levels

Builders find that families will children will have the highest affect on home sales in 2017, according to the 2017 Builder 100 survey. Of its respondents, 68 percent believe that families with children will drive home sales, followed by

  As home shopping season goes into full swing, buyers may find that patiently waiting for late summer listings will lead to the best selection and prices. A new report from Zillow looked at the listings and price data

The prevailing sentiment in the housing market is that it’s a great time to sell, as housing prices and demand has steadily creeped up. While that may be the case, such a rosy portrait of the market doesn’t tell

Renters paying the median U.S. rent could afford a house that is 50 percent more expensive than the median U.S. home value, according to a new Zillow study. The study found that with an increase in rent prices across

Home-seller confidence got a boost in April this year after home sales and prices picked up in March. Home prices continued an ongoing five-year upward trend, up 7.5 percent from last year to a national median sale price of $273,000. Sales growth

Homeowners who sold their homes in the first quarter of 2017 saw the highest average price gain for home sellers since the third quarter of 2007, according to a new report from ATTOM Data Solutions. The Q1 2017 U.S.

  In the first quarter of 2017, the homeownership rate was only slightly less than the previous quarter at 63.6 percent, remaining below the 27-year average rate of 66.1 percent, according to the Census Bureau’s Housing Vacancy Survey (HVS). Since the national

Properties, on average, remained on the market for 34 days in March 2017, a shorter amount of time compared to February 2017 (45 days) and March of last year (47 days), according to the National Association of Realtors’ monthly Confidence

On Tuesday, April 25, 2017, Mainstreet Organization of REALTORS® CEO Margery Shinners passed away unexpectedly, according to MORe. Prior to working at MORe, Shinners worked at Moore Data Management Services and CONDEX Multiple Listing Service. Shinners joined the REALTOR®