First-time homebuyers are a scarce bunch, these days. Just when it seemed that the news on first-time homebuyers could not get any more distressing, here comes a new report from RealtyTrac to pour salt on the wounds. In short,

It’s a whole new world out there for new construction, as stunning stat after stunning stat drives home. The Census Bureau’s latest report on new single-family home sales is out, and its findings, at least on the surface, were

SmartAsset evaluated refinancing around Illinois and the country to find that Chicago residents are saving more. In Cook County, Chicagoans are saving more each year on mortgage refinancing than anywhere else in the state, an analysis from SmartAsset, a

Berkshire Hathaway HomeServices KoenigRubloff Realty Group’s Elmhurst Office will be participating in the 19th annual Saint Patrick’s Day Parade in Elmhurst on Saturday, Mar. 7, beginning at noon with the parade. Governor Bruce Rauner will be the Grand Marshal

The Illinois Association of REALTORS® (IAR) named Loretta Alonzo, managing broker of Century 21 Affiliated in La Grange Park, the 2015 Illinois REALTOR® of the Year. Alonzo’s exemplary career and leadership in the real estate industry, as well as

The past few months, we’ve reported on the many thorny issues facing Millennials – that their wages in many industries have plummeted in recent years; that their savings rate is negative; that they have pushed roommate rates up to

Coldwell Banker Residential Brokerage promoted Nina Fotopoulos to Regional Vice President of the brokerage’s DuPage corridor region. Currently the managing broker for the Hinsdale and Clarendon Hills offices, Fotopoulos will now oversee 4 more offices throughout DuPage County including Downers

A California judge granted Zillow’s temporary restraining order to keep ListHub data flowing to Trulia. But will they win the case?   The verdict is in – at least for now – and until March 12, a California judge ruled

Chicago continued to trail the pack in the latest Case-Shiller Home Price Index. Home prices in the Chicagoland metro area put up disappointing numbers in the latest Case-Shiller Home Price Indices, falling 0.9 percent from November to December and

In a recent article on new construction, we reported that the multifamily share of total construction had risen from 17.2 percent of the market in Jan. 2002 to 35.1 percent of the market in Jan. 2015. Such a striking

Agents are working hard to make 2015 a profitable year, but low inventories are keeping sales slow. January marked the start of a new year, but it was hardly the hit the ground running beginning the market was hoping

January was a rough month of real estate in the Chicagoland area. The numbers aren’t pretty: in the nine-county Chicagoland area, home sales fell 5.2 percent year-over-year to 5,619, according to the latest analysis from IAR; meanwhile, sales were

Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with

With the close of the multi-billion dollar acquisition deal between Zillow and Trulia now complete, the landscape of online real estate is about to change dramatically again. Zillow yesterday completed its acquisition of Trulia, shelling out $2.5 billion for

Pat Riley, president and chief operating officer of Allen Tate Companies, has been elected to a two-year term as chairman of the board of Leading Real Estate Companies of the World (LeadingRE), a global network of more than 500 market-leading

Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;