Data suggests the young adult homeownership rate is stabilizing After decades of decline, the 25-to-34-year-old homeownership rate has begun to level out, seeing no significant decline in 2014, according to Fannie Mae’s Housing Insights report. That trend, according to

Chicagoland’s housing market continues to recover, despite low November numbers The Chicagoland housing market had another down month in November, but like the month before, it was in the service of an improving marketplace. According to the Illinois Association of

The number of all cash transactions peaked in Jan. 2011, accounting for over 46 percent of total home sales. In September of this year, cash sales represented a much smaller portion of total sales with a 32.5 percent share,

As part of a wider piece of tax legislation, Congress has voted to extended the Mortgage Forgiveness Debt Act to 2017. Originally passed in 2007, the act protects underwater homeowners from incurring tax bills on the debt forgiven during

In our latest Real Data monthly report, we’re taking a look at the top luxury markets in Chicagoland, meaning the city and suburban markets that saw the most sales for homes priced $1 million and above. Click on the tabs

Guaranteed Rate announced yesterday that John Elias will join the management team as the chief revenue and strategy officer effective immediately. “I’m thrilled to welcome John back to our management team as he was previously with Guaranteed Rate for

Midwest Real Estate Data President/Chief Executive Officer Rebecca Jensen has been awarded the Women’s Council of Realtors Chicago’s Elevate Award, which recognizes an individual or company that promotes and supports the advancement of women in real estate. “I cannot express

The Barrington village board has approved plans for a three story, 12-unit condo building at 407 E. Main St. near the Barrington Metra station. The building will feature condos that range in size from 1,219 to 1,635 square feet.

Five districts in the Chicagoland area are among the top 25 in the country, according to a new ranking from analytics website Niche. The New Trier Township High School District No. 203 in New Trier Township was the highest ranked

Where does America’s middle class stand financially? New analysis from the Pew Research Center explains The U.S. middle class, which has long defined the country’s economic prosperity, is no longer the majority of Americans. That eye-grabbing finding came courtesy of

Mainstreet Organization of Realtors has named Ahmed Badat 2015 Realtor of the Year for his work in real estate and being an active member of the Lisle community. The award is granted to professionals who exhibit exceptional service  in local, state and

It was a month of thanksgiving for the nation’s homebuilders November offered U.S. homebuilders many reasons to give thanks, with permits, starts and completions all in positive territory. According to the latest report from the U.S. Census Bureau, building

New projections from the country’s Bureau of Labor Statistics forecast big job gains for the construction sector over the next decade and emphasize the growing importance of environmentally conscious building. Over the 10-year period beginning in 2014 and ending

The federal funds rate will rise by 0.25 percent The Federal Reserve announced today that it will raise the federal funds rate, the key interest rate that influences mortgage, auto loans and other forms of financing, by 0.25 percent. Additionally,

Year-over-year gains in national equity were in the double digits at the end of this year’s third quarter, as a healing economy helped keep home price appreciation positive and consistent, according to a new report from CoreLogic. On Sept.

One-stop shopping offers benefits to homebuyers, but they still want agents’ help Fifty percent of recent homebuyers used one source, or one-stop shopping (OSS), to procure homebuying services, according to a National Association of Realtors survey. That is compared to 29 percent