News / Features

New Home Sales Rocket 33% in August – Why You Should be Skeptical

New home sales rocketed to the moon in August, but such data should be taken with a grain of salt. Here’s some glorious news to brighten up your day – according to new Census Bureau numbers, the sales of

The 10 Top-Selling Suburbs in Chicagoland

Of Chicagoland’s many distinguished suburbs, which ones saw the most home sales in August? Earlier this week, we reported that August was a rough month for home sales in Chicagoland, with transactions falling by 13.3 percent from the year

414,000 Home Sales Lost in 2014 to Student Debt

Some analysts have argued that the impact of student loans is overblown, but new research comes to a different conclusion. In the last 11 years, student debt in the U.S. has skyrocketed from $241 billion to $1.1 trillion, making

NAR: Investors Clear the Way for First-Time Buyers

NAR’s August existing-home sales report reveals declines – the good kind. The second quarter of 2014 saw consecutive months of gains, and it looked like that trend was continuing into the third quarter. However, due to a increasing lack

Chicago: Land of the Millennials

Redfin examines where and how Millennials are living. As it turns out, young people love Chicago. Enclaves are a feature of almost every American city, and they happen for a variety of reasons. Most notably, of course, are cultural

Why Single-Family Home Construction May Still Be Too High

We keep hearing how depressed single-family construction is and that we need more new homes, but is that really the case? In 2013, there were 618,000 single-family housing starts, and we’re currently operating at a rate of roughly 622,000

Chicagoland Home Sales Drop by Double Digits in August

August was a rough month for home sales in the Chicagoland area, according to new stats from IAR. Home sales in the nine-county Chicagoland area fell 13.3 percent year-over-year in August, closing out the month at 10,370 sales, according

Governor Signs Initiative to Change Real Estate Law

Earlier this month, Governor Pat Quinn signed into law SB 3044, which makes a handful of amendments to the Real Estate License Law and the Appraiser’s Law. According to the Illinois Association of Realtors, who were a proud lobby

3 Reasons Why Tight Lending Standards are Not the Problem with Housing

Tight lending is blamed constantly for housing’s slow recovery, but there’s actually much more to the narrative than meets the eye. Last week, we reported on an unorthodox idea that is brewing in some housing circles – that in

The Oaks of Vernon Hills Luxury Rentals Welcome First Move-Ins

Chicago-based REVA Development Partners has announced the first move-ins at The Oaks of Vernon Hills luxury rentals located at 103 Oak Leaf Lane in the north-suburban Vernon Hills, Ill. The luxury rental community is located along Route 45, just

3 Signs that Millennials are Not Yet Ready to Save Housing

Everyone keeps waiting for Millennials to jump into the housing market and save the day, but new data shows we should not hold our breath. It’s the big question on many an agent’s mind – when will Millennials take

Agents’ Choice Awards – Vote Now!

This year for our 2014 Agents’ Choice Awards, we asked the heads of each real estate company (who had at least 25 agents) who their nominees for each category for Agents’ Choice were. We’ve listed the nominees below. Readers

5 Important Facts Beyond the Housing Starts Headlines

The post-boom construction narrative soldiers on with the release of the latest building data from the Census Bureau. On the surface, it looks pretty bad – according to fresh numbers out today from the U.S. Census Bureau and Department of

Coldwell Banker Residential Brokerage Welcomes Realtor Matt Pappas and Danielle Doty

Coldwell Banker Residential Brokerage announced that realtors Matt Pappas and Danielle Doty have joined their Northwest office in Arlington Heights. Pappas joins Coldwell Banker Residential Brokerage with three years of experience in real estate. After attending College of DuPage

Redfin Reveals Top 3 Chicagoland Neighborhoods for Highly Ranked Schools

New Redfin report shows how it costs, and pays, to live in a neighborhood with a highly ranked school district. It’s widely known and accepted that living in a highly ranked school district means paying premium prices for properties

A Decade of Cash

The last decade as seen the rise of cash sales. Now some believe we’re seeing the fall. Over the last decade, the portion of all-cash sales has fluctuated wildly, largely on account of the initial expansion of the housing

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