After five years of waiting, the city has taken its first steps in redeveloping Cabrini-Green It was 2011 when the Chicago Housing Authority concluded its teardown of the infamous Cabrini-Green public housing development on the city’s North Side, and

Some Americans think 2016 will offer more of the same for housing Earlier this week, we reported on a new realtor.com study, which featured a largely positive list of trends that will change heading into 2016. Trulia published their own survey of

How did the local rent markets close out the year? The Chicagoland rental market may have finally fallen back to earth in 2015, according to new analysis from Reis. For the 12-month period ending in December, Chicagoland rents rose

“Green” and energy-efficient features remain important to homebuyers, though some options are more sought-after than others. That finding came courtesy of NAR’s 2015 Profile of Home Buyers and Sellers, and to parse through the results, we put together the

According to Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 1, 2016, mortgage applications decreased 27 percent from two weeks prior. Refinancing mortgage activity decreased to 55.4 percent of total applications, from 56.1 percent the previous

How will the 2016 housing market take shape? When all the statistics are tallied, 2015 will likely have been the best year for new home sales since 2007, which has raised expectations for 2016. Realtor.com has highlighted five housing trends

Since 2014, home prices have been in what CoreLogic Chief Economist Frank Nothaft recently described as a “sweet spot,” consecutively rising between 5 and 6 percent for 15 months. According to the research group’s newest report, home prices rose

Pending home sales in November declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors. The Pending Home Sales

Chicago continues foreign investment boom through 2015 More foreign money has been spent on real estate in 2015 in Chicago than any year prior, according to a Crain’s Chicago Business report. In total, $3.27 billion dollars have been spent on

The latest analysis from Dodge Data provided an encouraging assessment of new construction in Chicagoland According to the latest numbers from Dodge Data & Analytics, residential construction spending in the Chicagoland housing market totaled $397 million in November, and

Wolf Point owners, the AFL-CIO Building Investment Trust (BIT), Hines and Magellan Development Group announced today that the companies’ luxury apartment tower along the Chicago River in Chicago’s River North neighborhood, Wolf Point West, will open this month. Wolf Point

Chicago has the third most-affordable hot job market, according to a resource set up by Indeed and realtor.com. Fifty-nine percent of homes in Chicago were considered affordable. The sites set out to determine which major metro areas had both a

Millennial wages don’t go very far for homebuying Millennials’ difficulty with homeownership has been a major concern for local agents in recent years, with 31.5 percent of 18-to-34-year-olds living at home. But what about those who do buy homes? What can Millennials

Existing-home sales fell more than 10 percent in November, marking the slowest sales pace in 19 months and possibly serving as quantifiable proof of the effect TRID is having on the industry, according to National Association of Realtors Chief

Our quarterly Real Data series features exclusive insights into Chicagoland’s housing market. Click through to see which statistics captivated our audience the

Home prices in Chicago inched forward only 1.3 percent from Oct. 2014 to Oct. 2015, but month-over-month fell 0.7 percent, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. For another month, Chicago home price growth