News / Features

CoreLogic: Prices Maintain Steady Course in Chicago

The fall slump hasn’t hurt the market’s strength, as home prices across the country continued to climb in October, CoreLogic reported. The coupling of a healing economy and spotty but persistent inventory shortages are largely to thank (or blame,

Despite Housing Rebound, Economic Recovery Is Slow

Spending per dollar of equity is at its lowest level since the mid ’90s. Home equity has doubled to $12.1 trillion since the market bottomed out in 2011. Builder confidence has remained strong, despite a small, recent slip. New home

Chicagoland New Construction is Soaring in 2015

2015 has been a great year for new construction in Chicagoland Residential construction spending in the Chicagoland housing market totaled $735 million in October, a 36 percent increase from Oct. 2014, according to new numbers from Dodge Data & Analytics.

Pending Home Sales Remain Unchanged

According to the National Association of Realtors, pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines. Gains in the Northeast and West were offset by declines in the Midwest and

Federal Reserve Votes to Stop Bailing Out Failing Firms

Effective Jan. 1, the Federal Reserve will not be allowed to bail out failing companies. Members of the Fed board voted 5 to 0 in favor of restricting the policy. The new policy will restrict the Fed from lending to individual firms,

New Home Sales at Highest Level in 7 Years

New home sales are hot, but what are the larger market trends? Sales of new single-family houses rose 10.7 percent from September to October and 4.9 percent from Oct. 2014 to a seasonally adjusted annual rate of 495,000, according

Edward R. James Companies Receives Two Gold Key Awards

Edward R. James Companies received two awards at the Homebuilders Association of Greater Chicago’s Key Awards. The real estate developer earned a Gold Key Award for Best Overall Community in the category of “Community Design and Planning” for Hibbard

Chicagoland’s Fastest-Selling Markets, Oct. 2015

Continuing with our Real Data monthly reports, we’re reporting on the fastest-selling housing markets in Chicagoland, in terms of average days from listing to closing. Below, click on the tabs below to adjust between city and suburban markets, and see

Chicagoland Price Growth the Slowest in the Nation

How have home prices progressed in the 2015 housing market? Home prices in the Chicagoland housing market declined 0.4 percent from August to September and rose just 1.1 percent from Sept. 2014, according to the new Case-Shiller Home Price

How Does Thanksgiving Impact Real Estate?

The ins and outs of buyer traffic around the holidays It has been long been considered common knowledge that the buying craze of Black Friday does not extend to real estate, thanks to a lack of large savings for homes

Chicago Among Nation’s Worst Cities for Thanksgiving Travel

According to Google Maps data, Chicago is one of the worst cities in the country for Thanksgiving travel. Out of 21 cities that Google investigated, Chicago came in at No. 7, with long-time traffic haven Los Angeles on top.

Mortgage Applications Up Despite TRID

We’re approaching two months since the implementation of TRID, and after a string of weeks that saw declining originations, mortgage applications were back up in the week ending Nov. 13, according to the Mortgage Bankers Association. In the two

Existing-Home Sales Decline, Market Continues to Improve

Homes sales were down in October, but the overall picture remains a very positive one for housing Existing-home sales declined 3.4 percent from September to October to a seasonally adjusted annual rate of 5.36 million, according to the latest report

Improving Chicagoland Housing Market Leads to Lower Sales in October

Chicagoland real estate took a step back in October, though the reasons why were encouraging On the surface, October was a lukewarm month for Chicagoland real estate, with sales falling 2.0 percent year-over-year from 9,344 to 9,155. However, as

FHA Reserves Back in Line with Federal Requirements

In another marker of the housing market’s recovery, the Federal Housing Administration announced last week that its reserves were back in line with federal requirements. The FHA stated that its insurance fund’s net worth at the end of September was

The Top 20 Chicagoland Agents by YTD Growth

Our REAL DATA 2015 reports look at, among other things, the top-producing agents in Chicagoland based on total sales volume. Which Chicagoland agents have grown their business the most over 2014? To find out, we took a deeper look at

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