It’s been a rough year so far for new construction, but March’s report from the Census Bureau offered some pleasant, unexpected surprises. Residential construction spending in March rose 0.8 percent from February to a seasonally adjusted annual rate of $369.8

Some new statistical work by the NAHB has brought some life to one of the more known truisms about homeownership. It’s one of those details about real estate that everybody knows – younger people tend to rent, while older

We all know that housing inventory remains at record-low levels; why is that the case, though? The other day, we reported that housing inventory increased 4.7 percent in March to a 5.2-month supply. Though technically an increase, that represents

Harvey Louis Haddon passed away Saturday, April 26; he was 75 years old. An obituary in the Chicago Sun-Times states a memorial service will be held April 30 at noon at Chicago Jewish Funerals, 8851, Skokie Blvd. in Skokie. www.cjfinfo.com#sthash.zNQmqQxG.dpuf

Home prices offered few surprises in the latest Case-Shiller report. Home prices in the Chicagoland area rose 10.8 percent year-over-year in February, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. Still, prices in the area

Distressed home sales were once the most visible characteristic of the housing market, but they’ve taken a much-desired back seat in recent months. Buried in NAR’s latest existing-home sales report was a precious nugget of housing news – in

It’s been a rough year for pending home sales, but March finally brought some good news to the beleaguered housing stat. Pending home sales reversed a longstanding trend of declines in March, posting their first increase in nine months, according

We keep hearing about how time on market continues to fall, but what do the averages tell us about how fast our market really is? Earlier this week, we reported that nationwide, time on market has fallen seven days

Fresh numbers dropped this week on the nation’s new construction markets, but there remain oddities and curiosities. The Census Bureau this week released fresh numbers on new single-family home sales, and it was a verifiable bloodbath. At a seasonally

In honor of Earth Day, Redfin released a list of 10 neighborhoods across the U.S. with the largest amount of green homes, and Chicagoland’s Valley View area was ranked number one in the nation. To compile the lists, Redfin data

Pulaski Bank Home Lending opened a new office in Naperville on March 21 under the leadership of Regional Vice President Dan Bauer and Vice President Sales Manager Kevin Napoleon. “We are excited to bring Pulaski Bank Home Lending to

@properties has announced that top-producing broker Debra Dobbs has joined the firm. Dobbs comes to @properties from Berkshire Hathaway Home Services KoenigRubloff Realty Group and has over 30 years of experience in the real estate industry. With more than

Founded in Houston, Texas in 1976, David Weekley Homes has announced it’s expansion midwest to Chicago. This will mark the first time that the home builder will be building homes in this state and anticipated sales of Weekley’s in

We reported earlier on Chicago-wide housing numbers, but what of the suburbs? In March, home sales in the Chicagoland area declined 11.1 percent year-over-year, while low inventory continued to push median home price, which rose 12.9 percent. How did

Related Realty announced that real estate veteran Jeanine McShea has joined the firm as vice president-managing broker. McShea comes to Related Realty with over 25 years of experience holding top leadership roles at some of the largest residential brokerage

As a long-term investment strategy, few consumers were willing to touch real estate during the downturn, but new research suggests that has changed. Back in 2011, few people wanted to touch real estate with a 20-foot pole – what