News / Features

Lion Share of New Construction in Chicago Affordable Only For Affluent Consumers

The single-family home market for new construction has trended towards affluence, and so has the rental market. The last couple months, we’ve been reporting with regularity on how our nation’s issues with inequality have manifested themselves in new construction,

RESPA-TILA: Big Changes Are Coming

For four decades, RESPA and TILA have run parallel to each other. On August 1, 2015, they’ll be consolidated, and the changes will be significant. In 1974, in an effort to stop widespread corruption in the housing industry, Congress

The Pros, Cons and Wildcards of Millennial Homeownership in 2015

It’s the big question on everybody’s mind – is 2015 the year of the Millennial? Are we finally on the cusp of that great moment when young Americans take center stage and lead the housing market out of its

Millennials Choose Mortgage Before Marriage

More than one-third of Americans, aged 18 to 34, would rather sign on the dotted line before tying the knot. The latest statistics show many Millennials prioritize homeownership over marriage as the average cost of a wedding continues to

Negative Equity Remains Considerable Problem in Chicagoland’s Lower Price Points

Sure, negative equity has improved overall, but what of properties on the lower-end of price spectrum? Though 25.1 percent of mortgage properties in Chicagoland remain in negative equity, that pales in comparison to the 41.5 percent of properties in

Brace Yourself – Mortgage Rates Will Likely Increase this Summer

Could the removal of one word mean that mortgage rates are set to increase in 2015? Believe it or not, the future of mortgage rates in the U.S. housing market could hinge on a single word. Back in December,

Fortune Magazine Names Berkshire Hathaway One of the Most Admired Companies in the World

Fortune Magazine recently published its annual list of the most admired companies in the world, and Berkshire Hathaway found itself ranked as the third most admired company, just below Apple and Google. As part of the Berkshire Hathaway family

CoreLogic: Equity Returns to Chicago, But City Still Trails Nation

Homeowners are benefiting from rising home prices that improve equity, but that doesn’t mean negative equity still isn’t a problem. Equity continued building in the fourth quarter of 2014, CoreLogic’s newest report concluded, showing that by year’s end, 1.2

6 Key Facts About the Homes Consumers are Buying Today

Single-family detached? Senior-related housing? New? Old? What homes do consumers want today? In the grand world of American housing, what properties are holding the most sway with homebuyers nowadays? And how do those preferences shift across generational lines? In our

Builder Confidence Hits Eight-Month Low in March

Homebuilders are feeling a little less confident this month. A key measure of builder confidence declined this month, with the Housing Market Index (HMI) dropping two points to a level of 53. Released monthly by the NAHB, the HMI tracks

New Construction in February Plunges on Weak Multifamily Activity

The latest construction report looks bad, but as usual, there’s more than meets the eye. The numbers do not warm the heart – last month, housing starts were down 17 percent from January and 3.3 percent from Feb. 2014,

Rebecca Jensen Displays Strong Leadership as MRED’s President/Chief Executive Officer

Midwest Real Estate Data’s (MRED) new President/Chief Executive Officer Rebecca Jensen has certainly hit the ground running. While she focused on getting to know MRED, its staff and existing culture initially, Jensen has already made great stride as MRED’s leader. For example, in her

The Millennial Mind: Frugal, Inquisitive and Ready to Buy

Ninety-two million Millennials represent the largest living generation and the future of homebuying. Millennials, while not the most active buyers and sellers, are real estate’s most important demographic, and for one reason in particular: there are so many of them.

Coldwell Banker Residential Brokerage Unveils New Northbrook Office

Coldwell Banker Residential Brokerage will be holding a grand opening event, from 5 to 7 p.m. on Thursday, March 19, to unveil its new Northbrook office at 1925 Cherry Lane. The event will bring together agents, managers and influential

Coldwell Banker Residential Brokerage Welcomes Realtor Sandy Workman

Coldwell Banker Residential Brokerage recently welcomed 10-year real estate veteran Realtor Sandy Workman to their Bradley office. Workman has the BBA, GRI, CNE, e-PRO, CNHS, RCC, and SFR designations and is an expert in buying and selling residential and

Realtor Carolyn Barnes Joins Coldwell Banker Residential Brokerage

Coldwell Banker Residential Brokerage recently announced Realtor Carolyn Barnes is now affiliated with the brokerage’s Hyde Park office. A 20-year real estate veteran, Barnes chose to affiliate with Coldwell Banker is their technology, reputation and the Hyde Park office

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