News / Features

How Oil Price Drops Could Impact Housing Construction

Tumbling oil prices have led Moody’s Investors Service to lower its pricing assumptions for the two benchmark crude oils, European Brent and West Texas Intermediate, the rating agency said in recent comments that also looked at how a sustained

5 Must-Know Details About the Latest Jobs Report

There were several aspects of the new jobs report that real estate agents should be aware of. The government released its latest jobs report earlier today, and as with past reports, there was a subtle mixture of highly positive and slightly

Chicago’s Top-Selling Neighborhoods

Where, in our vast urban housing landscape, did agents sell the most homes? Earlier this week, we reported on the top-selling suburbs across Chicagoland, and now we’re back (armed with additional data from Redfin) to report on the city’s

When it Comes to Homes, Bigger is Definitely Better in America

Americans love big houses, and that’s true across generational and economic lines. Only 40 percent of Americans are living in their ideal home size, and 43 percent wish they were living in a home that is somewhat or significantly larger.

Kinzie Real Estate Group Welcomes Andrew Kiener as Director of Project Sales

Steve Spinell, president of Kinzie Real Estate Group, recently welcomed Andrew Kiener as the new director of project sales. A 20-year real estate veteran, Kiener previously served as president of Private Holding Group, as well as president of Garrison

Chicagoland Just Got More Affordable

Home prices went up in 2014, and for some metros, affordability did too. For most homebuyers, especially those entering the market for the very first time, affordability is chief among concerns leading up to a purchase. In an analysis of

3 Graphs That Show How Inequality is Impacting Housing

Until the economy improves, housing will never fully recover – and the stats are not encouraging. Quite a bit of our reporting, in recent weeks, has focused on inequality and income disparity, and for good reason – a housing

What Chicagoland County Has the Most New Home Sales?

Where in Chicagoland have new home sales risen the most? Last week, we reported on the rate of housing starts across Chicagoland’s counties; what has the environment looked like for new home sales, during that same time? To find

Chicagoland New Construction Begins 2015 in Strong Way

The new year is always a precarious time for the new construction marketplace. Residential construction spending in the Chicagoland area was just shy of $139 million in January, a 10 percent increase from Jan. 2014, according to new numbers

Americans Stuck Worrying, Not Buying

A new survey from The Pew Charitable Trusts provided insights into why Americans are hesitant to enter the housing market. Set to the backdrop of 2007’s financial tempest, 2014 was comparably a good year for many American families. However,

Chicagoland Home Prices Post Moderate Increases in CoreLogic Price Index

The latest price index from CoreLogic covered home prices through January. Home prices in the Chicagoland area rose 4.9 percent year-over-year in January, according to the latest Home Price Index from CoreLogic. Though that’s on the lower end of

New Construction Wavers in January, But Long-Term Trends Highly Positive

January may have seemed like a disappointing month of construction, but a deeper look at the trends reveals much to smile about. Overall construction spending in January was at a seasonally adjusted annual rate of $971.4 billion, according to the

Chicagoland’s Top-Selling Suburbs

What were the top-selling suburbs in Chicagoland, last month? A few days back, we wrote about how several market trends are pushing down home sales in the Chicagoland area, with low inventory and the falling market share of distressed

Pending Home Sales Hit Highest Mark in 18 Months

Pending home sales shot up in January, suggesting positive numbers down the road. Pending home sales hit their highest level in 18 months in January, according to the latest analysis from the National Association of Realtors. The Pending Home

What Qualifying Income Does Your Clients Need to Buy in Chicagoland?

In the end, buying a home all comes down to dollars and cents, and Chicagoland’s qualifying incomes differ in interesting ways with the rest of the U.S. To qualify for a mortgage on a 5 percent down payment, Chicagoland

What Chicagoland County Has the Most New Construction?

Construction may have been up in Chicagoland, but what counties are seeing the most activity? Housing starts in the 12-county Chicagoland region rose 17.3 percent from 2013 to 2014, according to new analysis from MetroStudy; at 5,708 new units

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