News / Features

Chicagoland Home Prices Expected to Rise 29% by 2018

A new study predicts great things for Chicagoland’s housing market in the coming years. Home prices in the Chicagoland residential real estate market are expected to rise by 29 percent from 2012 to 2018, according to the latest report

Owning in Chicago 47% Cheaper than Renting

We all know that rising mortgage rates and price increases have taken a bite out of affordability, but how does renting compare with owning in 2014? The homeownership/renting debate is an everlasting one, but in the post-boom housing market,

New Home Sales Jump to Five-Year High in Jan. 2014

The market for newly built single-family homes saw sales increases in January; what does that mean for the housing market? Amidst a period of less-than-enthralling news for housing, the Census Bureau’s latest report on sales of newly built single-family

Foreclosures in Chicagoland Down 49.8% From Peak

The Chicagoland housing market has made considerable strides in the last year, according to CoreLogic’s latest MarketPulse. Home foreclosures in the Chicagoland housing market are down 49.8 percent from their peak, according to the latest MarketPulse report from CoreLogic,

5 Key Takeaways from NAR’s Existing-Home Sales Report

Though much of the media coverage is focusing on the weak nature of NAR’s latest existing-home sales report, there were definite glimmers of optimism. We’ll start with what most of the media are reporting on – existing-home sales in

4 Worrying Trends in the Student Debt/Homeownership Relationship

Home purchases have skidded a bit in recent weeks, and student debt raises some troubling questions on where housing demand is heading. The numbers are in, and they’re not encouraging – housing demand is beginning to wane. According to

Chicago Home Prices Up 11.3% in December Case-Shiller

Home prices in Chicago continued to show improvement in December, according to the latest Case-Shiller indices. Chicago home prices rose 11.3 percent year-over-year in December, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s; that’s the

Coldwell Banker Residential Brokerage Announce Melissa Bosley’s New Role

After spending several years as a marketing manager for their Chicago region, Coldwell Banker Residential Brokerage are please to announce that Melissa Bosley is now a full-time broker at their Lincoln Park Plaza office. Bosley will now focus on

Norris-Fullett Joins Weichert, Realtors-Kingsland Properties

Weichert, Realtors-Kingsland Properties has announced that Realtor Kelly Norris-Fullett has joined the sales team at the agency’s Naperville office. A longtime resident of Naperville, she will assist property buyers and sellers in Will, DuPage, Kane and Kendall Counties. Norris-Fullett is

The 8 Biggest Concerns for Homebuilders in 2014

What issues in the homebuilding process keep builders up at night? Last week, we reported that builder confidence dropped to its lowest point in 12 months in February, with lousy weather and market concerns the main reasons for the

3 Trends that Could Influence Housing Inventory in 2014

“Housing inventory has bottomed.” “Housing inventory will recover.” “New homes will begin entering the marketplace.” We remember those headlines, too. All throughout 2013, analysts and reporters alike wrote that housing inventory had, after a long and perilous decline, bottomed

Home Sales Up in 3 of 4 Regions

Some industry gurus are questioning whether the housing momentum we saw early in 2013 began to dissipate later in the year. The more dramatic have claimed the housing sector is still on shaky ground. Others have blamed the slowdown

6 Ways to Meet Your Team’s Changing Needs

Chris Duchesne, the vice president of Global Workplace Solutions, Care.com’s employer program, says that today’s workforce has become fragmented, as one in three employees are now millennials, four in five are in dual-working families and one in six are

Did Winter Weather Affect Housing?

Construction starts fell 16 percent from December to January, according to the latest Census Bureau numbers, and were actually down 2 percent from Jan. 2013; that’s the largest year-over-year drop since Sept. 2011, and single-family housing starts are now

Chicagoland Home Sales Slump in January, but Prices Remain Strong

Though the wintry blasts of January seem to have done their worst to home sales, prices in the Chicagoland region maintained strong Home sales in the nine-county Chicagoland area chills a bit in January, falling 8.9 percent year-over-year to

4 Takeaways from Yesterday’s Miserable New Construction Report

The Census Bureau’s latest new construction report is not pretty, but as with all housing matters nowadays, there’s more than meets the eye. Here’s the information that you’ve likely seen, regarding the Census Bureau’s latest report on new construction

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